Forum Replies Created
Hi Luke,
I have just about to get all of problems sorted out. You know what I am taking about.
Have had a MAJOR loss over in Texas due to the poor rehab.
I was wondering if Chad is still in this "game" or if he got out after the problems that we had.
Thanks for your time Luke.
Take it easy.
Regards,
Cory.
Hi Guy's.
Has anybody heard what Chad Simmons is doing these days?
Regards,
Cory.
Hello to all out there,
If the above was all true we would have taken you up on your offers to fix the the large problems with the house.The problems that you offered to fix were very minor and wanted to have nothing to do with the property again.
Things may have looked good at first but these did not last, we have had problems with the following,
roof leeks,
plumbing to the kitchen, bathroom, and laundry,
Air Con,
and foundations.If i see that some one out there wants to hear about dealing overseas investing. I am happy to tell people about what happen to us when I dealt with overseas and as you say that is my right.
I have been great friends with Chad Simons and his family for about 8 years and wish that things could have worked out better.
I wish you both all the best but would advise investors to be aware that there are problems from time to time and thing do not always go well.
I guess that the bottom line is that I would have been better of keeping investment closer to home where you can keep beter control.
I wish everyone the best,
Regards,
Cory Robertson.
Hi Richard,
The house that I am taking about was brought through Chad Simons from Gr8 Real Estate Investments who lives in Berwick, Melbourne. I would be more that happy to send you a past email from him if you wish?
As per Don's question "Has anyone been trading property in the US ie buying for short term then selling after a cosmetic renovation or no renovation for profit. If so what has been your experience?" I am just letting people know about the experience that I have had dealing with Chad Simons and warning people that there has been problems and that people need to be made aware if this so that investers can get the whole picture.
I know that you deal with Chad quite abit and that is fine if you have no problem with that, but as I said before I have had major problems from a house that I brought from his company and just letting people know that I would not be dealing with him.
That is the advice that I would give others.
Regards,
Cory Robertson.
I hope that he does. I would like to get things in the open about the dealing that we have had with him and his company.
There are alot of things that should be said about the house that he rehabed for me, and about the tradespeople that he uses.
I see that his web site is of line, do you know why. I do.
Regards,
Cory.
Hi Guy's
I bought a property in Texas through Chad Simons from Melbourne.
We have had nothing but trouble with this house. It was ment to be a flip but we did not get even close to what we were told the place was worth.
We brought the house in March 2006 for a sum of US$ 40,000, Chad had it rehebed for US$25,000 and there was his fee of US$6,000. At the end of the rehab Chad's us partner screened tenants and had a tenant sign a two year lease for US$ 850 per month. All good so far.
We recieved the first Months rent no worries, Chads partner told the tenant who was behind in the 2nd months rent to get it to him with the 3nd months rent. The time came to collect the 2nd & 3rd months rent and the tenants had shot through stealing both the fridge ans the stove.
We found a new Property Manager who arranged to put new tenants and replace the fridge and the stove. Since that time the house has been falling apart due to the very poor workmanship done by the wood be tradespeople the worked on the property.
We have spend the rest of the time and rent that has come in to pay for the poor workmanship the the property. if it was touched by any of the tradespeople ( I use that in a VERY loose term) we have had problems with in.
One of the first things that went wrong was we had to redo the bathroom (after about 4 months) because the so called plumber through away the bath surpport thinking it was just packing in the box. The base of the bath could move up to a matter of inches depending on the amount of weight in it. This set us back about US$ 2,500.
And that was not the last of it by no small feet. At the last lot of sumes that I did we have lost around US$ 15,000 – 20,000 due to the poor rehab.
I now believe that you can not build a silk purse out of a busted arse.
There are only 3 people that have made money out of this dump. that is Chad Simons, the so called trades people of San Antanio and my Property Manager who has had his work cut out for him since day 1 and only recieves a flat 10% of rent.
The bottom line is that I would not Deal with Chad Simons for any amout of money!!!!!!!!
Good luck to any one who does.
Cory Robertson.
If this is for your place and have a stack of cash that you want to get rid of go the 2 pac doors.
I have been in the shopfitting / cabinetmaking industry for around 20 years and found that 2 pac door are not a real good idea for a rental or a house that has kids running around as they can mark very easly and be a problem to match down the track due ti colur fade if they do get damaged.
If you go the vinyl wrap doors they can have a problem with some heat (next to ovens and above hot plates) but they can be replaced with out any problems as long as you know the company they come from and the style they are. The door in my place are around 7 years old and they are still as good as new.
If it is for a rental I would be sticking with laminate doors with a 2mm abs edging to protect the edges from any knocks that may happen.
Good luck,
Cory.
Hi Pete,
The first question I have for you is, can you lay bricks? If you can you could brick in the wall your self and then render over the top to make it look like it was never there.I think the easier way would be to frame up the hole and plaster over the top. Make sure that the plaster join is away from the hole incase there is movement at a late date.
Good luck,
Cory.
Hi Luke,
WE are trying to off load this property ASAP but still have some work to do to fix up the problems that have been caused during the rehab. I have somebody over there taking care of that for me.
I'm looking forward to getting the hell out of Texas and looking around back here.
Chad goes to great lenght, they are not all the right ones. Us you say there is only so much you can do from over here and this should be remembered when dealing with people over here.
Just remember that great intensions pave the way to hell and are not always what they seem.
Regards,
Cory.
Hi Luke,
All of the problems were caused by Chad Simons and his US partner when they did the rehab on my property and this has nothing to do with maintained/managed.Since the property was rehabed by the above parties about 18 months ago I have spent every cent in repairs to this bursted arse property. Around about $15,000.
You can say again that overseas has not been positive for you.
I have got myself a great Property Manager over in Texas who if it was not for him I would not have any idea where I would be rinth now.
You have spoken to my wife about the dealings in the past (Jo)
Regards,
Cory
P.S. I have know Chad Simons for 8 years, so how well do you think you know him?.
Becarefull out there.
I bought through Chad Simons and now I need to sell up quickly as well.
Hi George,
I would be sticking with a brick house over a timber house any day. Timber houses are a lot more work with the upkeep.Make sure you check the footing on the houses, it is always good to carry a billiard ball to check what the floor is like.
You will pay more for a brick house but it will be worth it in the long run.
Hope this has helped.
Regards,
CoryHi Janine,
Just thought that I would drop you a line about your question.You should not render over a fake brick cladding, if there is any movement in the building the render will crack. This is only a matter of time before this happens and you will be left with something that you will regret to quite some time.
Hope this is some help, good luck.
Regards,
Cory.
