About Us !
With the surge of 2nd home and investment property purchased in the last couple years during the real estate boom, many new investors are becoming landlords whether they like it or not. Having to hold on to a property since flipping has becoming a thing of the past, filling your precious "money-maker" property to hold long term has become a life-saving option for these people.
However, there has also been a surge of evictions, bounced checks, bad landlords, etc. and good people becoming victimized because of their experience.
We hope that you will utilize this website to either learn from others' mistakes or to post yours to help other not fall into the same problems.
With the housing market being very unstable and investors just barely staying afloat with their first, second or third homes, we hope this will help prevent an further fall out of foreclosers and keep honest people informed.
We appreciate your stories and the time it takes to enter this information. Good luck and we hope this website helps you.
Featured
John and Shel Loftis, Arlington, TX
Mr. and Mrs. Loftis signed a purchase contract with a pre-closing lease on my house in Arlington, TX in June of 2007. The lease started on July 1 of 2007, and was set to run through June 30 2008, with a closing date on or about July 1 2008. In mid-February of 2008, they abandoned the house, shut off the utlities and failed to repaint the house interior to neutral colors. In March, they were 2 days late with the rent, and failed to pay the late late fees or turn the utilities back on. In April, they were 6 days late with their rent, did not pay their past-due late fees or the current late fees for April, and they refused to turn the utilities back on. In May and June, they failed to pay any rent at all, told me their deposit (which was spent repainting and repairing the house) would serve as their only lease payment. Since then, they have threatened legal action every time I try to contact them to collect. DO NOT RENT TO THESE PEOPLE.
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John and Shel Loftis, Arlington, TX
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