All Forum Posts by: Wim V.

I am using for Shannon for about 2 years for a single family house. They usually take on customers only with $2000+ rent per month properties.

Their tenant placement and screening, as well as their turnover quality was fast and good.

Monthly reporting is clear and accurate through their AppFolio software.

There is however opportunity to improve their maintenance department, both in proactive communication as the quality of the service. They use subcontractors for HVAC, plumbing,… who are rather expensive and use a ‘replace a part to see if it works’-method rather than a proper ‘troubleshooting for the root cause’-method.

Overall decent service so far.

Quote from @Vinod Moorthy:

I am not part of either the Bennah Oaks or the Nathi construction. I got into this mess as I got an email from Wagner in September 9, 2021 when they send me an email regarding new construction at Ocala. The email said they will do 16 homes in the below configuration. If anyone else in this group is also in my same category and waiting for their home update kindly let me know so we can go together on this. I unfortunately blocked two plots and paid 20% for both and now it is almost 2 years and there is no response at all from Wagner or the builders :(

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The house will come with stainless steel appliances including a dishwasher, hood, refrigerator, and range.

3 Bedrooms2 Bathrooms2 Car garage 1323Sq/ft
The price of this property is $198,000.00 with a 20% due at contract and the remaining 80% could be paid via conventional financing or cash.

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Vinod, at that point in time I believe Wagner was still a sales agent for The Realty Doctors. On 09/24/2021 I received an email from Jean Gillen, stating that they were no longer working together. You may want to reach out to Jean for further clarification. If you message me your email address, I will forward you the email. 
Rgds 

Hi everyone,

I have been screening this PM thoroughly the last few days. Also read all the reviews (good and bad).

Looks like a decent and reliable company. Before I pull the trigger, I am looking for some last comments/thoughts from anyone who has worked with them.

Much appreciated!

Look up "D32 Invest central Florida" in the Forums.
Doesn't sound very promising.

Quote from @Kay Kim:

Quote from @Shriraj Shah:

@Kay Kim / @Wendy Stclair / @Wim V. - Any interest in getting on a conference call and discussing our options, given that we are in the same boat? 

@Shriraj Shah, @Wendy Stclair, @Wim V. :
I am in! Good idea! There are more investors whose linked to this issue. Could we invite them all? 

What about a WhatsApp group to take it offline? If you are interested, DM me your cell# and I will set it up.

In the same boat here. Signed up for Bennah Oaks thru Norada in Oct 2021. Delay after delay as everyone mentions here. His recent monthly updates are not much of an added value in my opinion. It feels like a 'band aid' to keep their customers from revolting. Nolasco told me that he was told by the builder that the 'final' price can only be determined when 'verticalization' starts. I recently talked to another builder here in the Houston area, and they told me that they have locked in their materials long time ago when their project started, and that they didn't need to add the 'increased cost' clause in their purchase contracts. I do understand that construction - especially in these difficult supply times - can be delayed but my gut feeling tells me something else is going on here. Solvability of the builder? I don't know. If they would increase final price, and taking into account higher interest rates, the rents need to be much higher than initially thought to cashflow. Add to this that there are 400+ houses coming on the rental market in Bennah Oaks in a short period, and we will all be competing against each other to get a tenant in. So better be prepared for another year at least with negative cashflow. Now that I am losing confidence in B2R, I am also concerned about the property management service that they are offering. Anxious to see how this all will play out.