In November of 2015, I retained Alive Investments for four rental properties.
Alive Investments falsely represented that three of the properties would be rehabbed within thirty days of close. This is not case. One property took 120 days, another took about 150 days and one is still in rehab delayed for over thirteen months. Not only did Alive Investments not meet the deadline, but the combined cost of the acquisition and rehab did not yield the promised 30% after repair value. Moreover the estimated rental income from the finished properties did not match the actual rental income. Lastly, it has come to light that no lead paint inspections were arranged for any of the properties. I have since changed property management companies from Alive Investments to a reputible company. This company is now dealing with the aftermath and fallout from unfulfilled promises to tenants, missing lead certificates, lack of signed lease agreements, and reconciling and correcting violations with the Baltimore Department of Housing.
All told the combined neglect, misrepresentation, fraud and breach of contract breaches all fiduciary duty, and borders on criminal offense.
For the immediate term, I am attempting to be made whole for the expenses incurred that include, but is not limited to the opportunity cost of lost rent, the cost of extended homeowners insurance for vacant property, the cost of all the remodeling and repairs ordered to be completed by the Baltimore Department of Housing. Next, I will be seeking damages for the beach of contract for the terms of the rehab contracts.
Alive Investments and Mr. Sean Wrench solicit clients, through phone calls & website, to invest in Baltimore properties by promising a guarantee return of 20%-30%. They are not real estate licensed. I bought a property from them. They stated the property was completely renovated and was all ready for tenants to move in. I received city citation citing the property was not fit for rental.
I later found out it was a double escrow and no disclosure of such kind has been given to me.
Ms. Jessica Wrench & Mr. Sean Wrench also help me with property management - without license I later found out. Tenant also complained about their service (not responding to repairs etc.) and has refused to pay rent or moved out.
They didn't honor their 20-30% promise return as well when contacted.
Please use extreme care and do more extensive research if you like to do business with this Alive Investments, Mr. Sean Wrench &/or Ms. Jessica Wrench. Good luck.
Alive Investments Reviews
In November of 2015, I retained Alive Investments for four rental properties.
Alive Investments falsely represented that three of the properties would be rehabbed within thirty days of close. This is not case. One property took 120 days, another took about 150 days and one is still in rehab delayed for over thirteen months. Not only did Alive Investments not meet the deadline, but the combined cost of the acquisition and rehab did not yield the promised 30% after repair value. Moreover the estimated rental income from the finished properties did not match the actual rental income. Lastly, it has come to light that no lead paint inspections were arranged for any of the properties. I have since changed property management companies from Alive Investments to a reputible company. This company is now dealing with the aftermath and fallout from unfulfilled promises to tenants, missing lead certificates, lack of signed lease agreements, and reconciling and correcting violations with the Baltimore Department of Housing.
All told the combined neglect, misrepresentation, fraud and breach of contract breaches all fiduciary duty, and borders on criminal offense.
For the immediate term, I am attempting to be made whole for the expenses incurred that include, but is not limited to the opportunity cost of lost rent, the cost of extended homeowners insurance for vacant property, the cost of all the remodeling and repairs ordered to be completed by the Baltimore Department of Housing. Next, I will be seeking damages for the beach of contract for the terms of the rehab contracts.
Alive Investments and Mr. Sean Wrench solicit clients, through phone calls & website, to invest in Baltimore properties by promising a guarantee return of 20%-30%. They are not real estate licensed. I bought a property from them. They stated the property was completely renovated and was all ready for tenants to move in. I received city citation citing the property was not fit for rental.
I later found out it was a double escrow and no disclosure of such kind has been given to me.
Ms. Jessica Wrench & Mr. Sean Wrench also help me with property management - without license I later found out. Tenant also complained about their service (not responding to repairs etc.) and has refused to pay rent or moved out.
They didn't honor their 20-30% promise return as well when contacted.
Please use extreme care and do more extensive research if you like to do business with this Alive Investments, Mr. Sean Wrench &/or Ms. Jessica Wrench. Good luck.