How Poor Property Management Kills Profits

The following was originally written by John Marion and published on BiggerPockets. Our property management company just picked up another client. The client is a licensed agent who markets to the public for home sales listings, buyers, and rentals for tenants. However, the agent doesn’t seem to be able to effectively manage her own rental […]

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Landlord Services Classified Ad

Georgia Rental Group is marketing landlord services and property management by placing classified ads in local newspapers in Cherokee County Georgia. Landlord Services The classified ad includes a full color image of the Georgia Rental Group logo and bullet points under the heading, “Landlord Services“. Locally Owned Cherokee County Property Management Company Georgia Rental Group […]

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Non Professional Property Management Company

Today we are dealing with transferring property management over to our company for an apartment building owned by our client landlord. The process of dealing with this company as led us to believe that they are a non-professional property management company. If you are a landlord looking for a professional management company in North Metro […]

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Canton GA Rental Property Management 800 Number Signs

Georgia Rental Group uses an 800 number on our property management signs in the Atlanta and Canton Georgia markets. Here are three reasons why this is a good rental property marketing tool. Efficient Tenant Screening Our 24 hour 800 number provides prospective tenants immediate access to rental property information. Callers can listen to a basic […]

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How I Help Cherokee County Landlords Buy Investment Homes for Rental Income

How I Help Cherokee County Landlords Buy Investment Homes for Rental Income Sandra Watkins is The Rental Nerd. Sandra is the Broker and owner of Georgia Rental Group. In this blog post, Sandra explains how she helps landlords to acquire investment properties for monthly cash flow. Your Return on Investment is Important I understand that […]

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My Two Days in a Real Estate Twilight Zone Episode

I know..I know.. working with investors and wholesalers is not everyones cup of tea but I have and will if it’s a good deal for my client. Having said that after two days of dealing with a wholesaler it’s tempting to change my policy. How many lies can one person tell or should I say how many truths can one omit?

I write the offer, get it accepted, ask for the wholesalers contract and here is where the fun starts. 

Wholesaler says, “we have to close by the 21st”   Actually the wholesaler does not even have a final acceptance from the bank (a short sale) so there is no way this is going to happen.

Wholesaler says, “will have you my contract with the seller in 10 minutes” Actually it took 2 days because he did not have a copy.

Now when the wholesaler can not get the selling agent on his transaction to call him back he is in a panic and has put me in the position of telling my client bad information. Red flags are waving in the breeze by the hundreds at this point.

Red Flags

 

You would think after 14 years of working with buyers and sellers I would know better. I have learned from it and will be more careful to verify information when dealing with non-agents in the future. 

What I was told… I am closing on this house on the 21st and looking for a buyer.

The truth… He does not have an accepted offer with the bank yet and when he does he will have 30 days to close. He also has a person who come to find out is licensed but inactive who contacted me in the beginning who is not identifying herself as such and is working as a middle man. 

There is a lot of this going on at least in the Atlanta area. A very slippery slope I feel and the inactive agent is breaking rules at every turn. No wonder we have issues with public trust. 

So in the future I will stick to the investors and wholesalers I know or one where I can get a reputable one to vouch for and I will be sure to tell my client that anything can happen on these off market deals so buyer beware. 

 

Sandra Watkins

RE/MAX Town and Country

770-324-3680

sandra.watkins.remax.com

SandraWatkins.net

YourRealtyGroup.com

 

 

 

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