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Investor friends,
Just wanted to chime in on this issue which Mr. Robertson is addressing. I also want to make it very clear that I do not intend to use this forum as a place to have a back and forth on this issue. Infact myself and Chad intend to make two posts on this issue and then that will be all. (we want to make these posts so that investors can see our side of the story and know that the claims being made are off base)
So now you may be asking who am I?
My name is Brian Payton and I am Chad Simons US based buisness partner. Alot of aussies who have done transactions with us know very well who I am. Those who dont "Hello" and hopefully we will be working together soon.
Now onto this issue I wish to address each issue that Mr. Robertson has raised so that Investors know they can work with us as we are a company of high ethics.
1. (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)
The home that Mr. Robertson worked on was worth and still is worth 95K Mr. Robertson decided to put a tenant into the building so he could sell the property to an investor. He recieved multiple offers on his property from our wide arrray of investors. HOWEVER they are INVESTORS I have yet to meet the investor who pays FULL PRICE for a home. If you folks in this forum know of that investor please send them my way!! (Also we make it very clear what "retail" values are meaning what a home is worth if you sell it to someone who is going to live in it as there own home. Any investor would know they cannot expect the same price for a property when they are trying to sell to investors who make it a habit to get good deals. Also we allow all investors to make decisions on there own deals. Mr. Robertson made his wishes known and we acted on his orders of placing the tenant. We would never put a tenant in without an investors "okay" I also want to make it known that the investors who made offers on his property were told "no" by Mr. Robertson even though he would have made a profit if he had taken those offers.
2. (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)
This is 100% incorrect We do screen tenants and we did so for Mr. Robertson. We never and I mean NEVER would have told a tenant it was okay to not pay rent and to catch up a month later. The truth is once the tenant was late in rent we called Mr. Robertson and his wife and let them know that the tenant was behind. I told him the facts which were they were not paying as of now but they said they would catch up in month 3. Mr. Robertson than decided along with his wife to allow them to stay in the property because they said they would catch up the rents. In the middle of the 2nd month I was removed from the transaction from Mr. Robertson so I know nothing past this. But I did not and would not allow a tenant to stay without the approval of the owner. Thats the bottom line.
3.
(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.)
Once again Mr. Robertson has left out quite a bit of the facts. Let me clear this up.
As far as the rehab teams not finishing the bathroom that is 100% incorrect as noted by the tenants filling out a move in form as well we conducted a real estate tour in which 35 investors walked through the home (before being rented) and inspected everything about the home.
We also noted to Mr. Robertson that he was welcome to conduct an inspection when the rehab was done and he declined. We also noted that he contacted us about 6 months after we had ceased working on the home. He said there were issues with the plumbing of the home. I talked to Mr. Robertson and his wife personally and told them that we would go into the home and fix any and all issues concerning the plumbing even though 6 months and a tenant had passed and to be honest I did not feel that our rehabbers were responsible for the issues Mr. Robertson brought up. I still was going to have our team fix it. Then to my surprise Mr. Robertson decided to NOT have us fix anything noting he had a change of heart and that he was happy with our services. It has been nearly 18 months and now 3 set of tenants now I really find it quite odd for an investor to hold us accountable after such a long time has passed and we offered to fix the initial issues and were told no by Mr. Robertson.
4.
(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.)
I usually do not discuss financials of what I make on transactions but I made 2,500 dollars on this deal as did chad I know for a fact the countless hours of Project managment, property managment and wholesailing of this deal as well as the use of my team on countless occasions I have lost over 7,500 dollars on this deal in added up time and costs. If. Mr. Robertson does not want to work with us again and would not reccomend us I say that is your right. But please be factful and honest in your complaints. That is all I ask. I know that Chad and I are not perfect and mistakes are made I also know that when we make them we fix it no matter the pain it has on my wallet or chads.
Mr. Robertson also leaves out that a year after the fact his wife contacted me on numerous occasions asking for the right to use our realtors to sell there home. Even though we had been through many issues and hard words we allowed her access to our agent. Our agent confirmed that the property is worth what we told them it was but that they could not get that price at its current condition. When I asked my agent what was wrong she noted a carpet cleaning and other light cosmetic work was needed. She also noted a slight foundation issue. (which any investor who has talked to me over the phone or at a tour knows I address South Texas foundation issues all the time. Letting investors know it happens here and that its part of the deal and its not that expensive to fix) these basic issues along with the fact that the Robertson's had a tenant in the house again would not allow for a retail sale price. (At that time the Robertsons decided to go down this path of "Slandering" Chad and Myself). Infact to this day the property is still on the market with a tenant in it. And they are still trying to sell a home Retail to a market that only wants to buy homes wholesale. (Investors)
I wish the Robertsons all the luck in the world. But I do wish to make it clear that our company has done MANY and I mean MANY rehabs and have had MANY investors happy with the work. I also wish to clarify certain issues that had been raised by Mr. Robertson so that Investors have the full story.
The bottom line is this Chad Simons is an honest and ethical person as am I and we have many happy Aussies who know the quality of the deals we offer as well as the quality of our buisness. If any Investor wishes to have access to any of these investors I would be happy to supply them with an OVERWHELMING amount of investors who will speak to our quality of work.
I wish that if Mr. Roberston has an issue with me, chad or my company as it concerns his building he would contact us directly and not attempt to slander us with baseless claims and stories of half truths. The bottom line in my humble opinon is anyone who looks at all of the facts will know that this complaint is unjust and baseless and will absolve chad and myself in all ways.
I wish you all the best and hope to be working with all of you soon.
Brian Payton
ATW Investments Inc