Monday, February 16, 2015

Jay P

Source:http://www.yelp.com/biz/gorenter-llc-phoenix

location: Scottsdale, AZ

"Shame on me. I read all the negative reviews, but since my brother in law uses them I tried them out.

 My only advice is read the contract! After many months of sitting empty, I decided to terminate my agreement. It only cost me ~$1300 to terminate, in addition to the monthly fee they charged while my house was vacant. But, the fees were in the contract so I paid up.

 It was at this point that I started referring to the company as NoRenters, LLC.

 In my defense, I honestly thought I would have no problems renting the place out, the agreement is written so that if the house rents, you might save some money vs a regular property management company. But, if like me it sits empty and your terminate early, you will be fleeced. But, all the fees are written into the contract so I cant argue.

 I turned over the property to CPL Properties and it was rented within 2 weeks. BTW - CPL does not have a termination fee, that's right folks, its $0 to terminate the agreement at any time! This is probably true of alot of other rental companies so do your research!

 Cons: They were not very good at getting the home rented and their fees are high!

 Pros: errrr, they have an airtight contract? Is that a pro? I like to end with a positive so I will leave that here.

 Anyway, take heed of the other reviews, like I should have and stay clear of NoRenters if you actually want to make money on an investment property."

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