ARGH! This latest deal is giving me gray hairs on top of my gray hairs.
I called the PM company, thinking they already talked with the owner about my wanting to get information. They didn't. They did answer most of my questions, but in regards to the operating statements from the properties and the rental contracts, I have to wait until they contact the owner to get permission. This really fired me up. So, I am going to write the owner after this post and tell them if they are indeed serious about selling quickly to me or not, so that neither of us are wasting the other's time.
My wife seems to think the owner made up a sob story in order to generate sympathy and have someone buy his properties outright. I am really starting to believe that she is right (or, at least, something similar).
Edit: Here is the email I sent the owner just moments ago ...
Mr. [owner],
I was unable to reach the property management company over the weekend, but called them this morning (Monday). Unfortunately, some of the questions I needed answered required your permission first, which I thought they already had.
Perhaps I'm wrong, and I hope you don't take this negatively, but I get the feeling that maybe you aren't as serious about selling these properties as I had initially thought. Except for the updated figures in the spreadsheet you sent last week, I feel the dialog has mostly been one sided. If you feel I am wasting your time with these properties, please let me know. For now, I'll put the situation on the backburner until I hear from you otherwise.
Thank you.
It'll be interesting to see what he says (if anything).
Edit(2): I received the following reply to my email just now. I'm still a little skeptical, and will wait to hear from the PM company with my outstanding questions.
steve
i apoligize for the lack of cooperation. i do want to work with you and this
is the number one priority for me. please call me at [phone#] if you
have any more questions.
i will call them back today and tell them off.
thanks
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2 comments:
Good for you!
Thanks Shaun. After talking with the PM company this morning, another thing hit me ... We are about 4 days away from the end of the month. Why is this significant? Most mortgages have a due date on or near the 1st of the month. If this person was even one-tenth as motivated as he sounded in his initial email, he would have jumped at the chance of getting some/most/all of these properties off his chest before the next round of payments came due. Not so with this guy.
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