All Forum Posts by: Lea Liang

 I agree with you. That is why I did not blame the PM in my post and want to see what everyone else thinks about who's responsible for this entire thing. The fact that it happened twice that the tenant did not cooperate to open the door showing the PM was never been and never intended to be on site. They will just simply schedule for the next time and it is at the grace of the contractor to pick the next time, which is always another week later. 

There are email communications almost every day but not as detailed or as responsive. I called last Friday morning, and they gave me a more detailed explanation and said their priority is to put my property on the market. It has been their priority since Tuesday. Yet at the end of Friday, the property is still not on the market and I did not get an email explanation on why. Am I asking too much? 

I want to share my experience in purchasing this investment property. It is quite a journey, and I feel like I've been dealing with a lot. I want to see if anybody had a similar experience or how would you deal with it moving forward if you were me. 

I closed a duplex investment property with inherent tenants on 1st August 2022 near Lakeland, FL. My realtor was stellar. He gave great suggestions and was very professional throughout the process. I trusted him so I used his company for property management after closing. The PM had 30 days to bring the property up to standard for inspection for insurance (I am paying high insurance because of the water leak and the electrical issue at closing, plan to switch out once the repairs are done). 

Right after boarding the tenants, one of the tenants broke the lease and left, it was a good opportunity to do maintenance on the property anyways I thought. It took the PM 3 weeks to get me a quote on the project, which was a bit over budget but I agreed, thinking I need to finish the project on time, within 30 days. 2 days before the due date, the contractor found out they need to replace laundry box and quote me for $900. I felt it was overpriced, so I searched around other contractors and got it replaced for $375. I went back to the PM questioning for the overprice and was told they used their long-term partner general contractors, it might be expensive, but the quality of work is guaranteed. 

On the day of inspection, it was found out the contractor replaced the wrong water heater, and the installation was not up to standard. PM came back to me and wanted me to replace the other water heater stating they were both old anyways. I negotiated a deal with the PM to replace the other water heater at a discounted price and asked them to fix the improper installed one. It has already passed the deadline at this point. 

The contractor went the next week, and the tenant was not home so they couldn't complete the task. The contractor also had disagreement with the inspector on the standard for installing the water heater. After communication, the contractor scheduled another week later to install the water heater the right way. It's 2 weeks past the deadline at this point. Re-inspection was scheduled right away after the installation of the water heaters. But the tenant did not open the door again, and the inspector couldn't get in to check. 

So here I am now. 2 weeks past the deadline and $2k over budget. Also, unit B has been vacant this entire time due to the tenant breaking the lease and leaving, and this unit is still not on the market yet. It has been more than 30 days.

I am so frustrated at this point with this property, but I am so lost at the same time. I don't know what I could do to improve my situation. I signed a contract with the PM. PM also manages contractors. What would you do if you were me?
 

Wow! You guys are absolutely amazing! Thank you so much for all the good information here!

I am an active duty military currently stationed overseas. My partner is a savvy investor specializing in fix and flip deals in the Virginia market. We are partnering up on deals and plan to form a Partnership LLC to hold the titles for our deals. My question is, since I am overseas, I will have to go through a lot of hassle to sign and notarize the closing documents, and it will take a couple of days to ship the documents. Is there a way we can structure the LLC so that he can legally sign the closing documents for the LLC alone? Will that hinder our partnership in any way?