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As a quick update & to keep Gordon Green honest, I just found out that another one of his businesses has gone bust. It was a hotel at 320 Leichardt St Spring Hill in Brisbane called "320 on Leichardt". There are now for sale signs all over the building.
If Gordon is still out there claiming that he has turned 27+ companies out of 30 odd around to profitability, he is plain just lying. I can name at least five that have gone bust in since 2008.
This post goes back a long time. But let me save any future readers some pain.
Gordon Green has cost his investors millions of dollars. He cost us a quarter of a million. One of his last companies, PBC Constructions went into liquidation in 2008. PBC Realty, a real estate sales, buyers agency & property management company which Gordon has a part ownership in has changed it's name to Metro Rentals for the property management & Metro something else for the sales & buyer's agency. His apprentice, Ambrose Ng, has the other share of the business. He will structure deals in such a way that he carries no risk nor responisibility but has all of the control. When things go bad he abdicates all responisibility & leaves it up to investors & scapegoats that he has put in place to be company directors for him to sort the mess out with banks & liquidators.
I you are reading this, please save yourself a world of hurt by staying away from this individual & his associates. I don't believe that he is running seminars anymore, but just in case he gets back into it, please do your research first.
This post goes back a long time. But let me save any future readers some pain.
Gordon Green has cost his investors millions of dollars. He cost us a quarter of a million. One of his last companies, PBC Constructions went into liquidation in 2008. PBC Realty, a real estate sales, buyers agency & property management company which Gordon has a part ownership in has changed it's name to Metro Rentals for the property management & Metro something else for the sales & buyer's agency. His apprentice, Ambrose Ng, has the other share of the business. He will structure deals in such a way that he carries no risk nor responisibility but has all of the control. When things go bad he abdicates all responisibility & leaves it up to investors & scapegoats that he has put in place to be company directors for him to sort the mess out with banks & liquidators.
I you are reading this, please save yourself a world of hurt by staying away from this individual & his associates. I don't believe that he is running seminars anymore, but just in case he gets back into it, please do your research first.
Not knowing the town that you've invested in & how much more choice you have in property managers in the area, i would change straight away.
If your current prop mgrs are not communicating with you over this simple matter what will it be like if you experience a more serious problem. Could they handle it? In past experience, i have found good prop mgrs to be fairly quik to respond to these sort of scenarios.
All the best
The MD that I work for says that in business you need to know 1) your costs & 2) what the market will accept for your product/service. If you are certain that the tenant/market will accept the price that you want, go for it. If not, do some more research so that you can form an educated opinion that you can discuss with your agent. My own experience has been that agents tend to be conservative so that they don't have a vacancy to deal with & so that they don't have to deal with the landlord of a vacant property.
