----- Original Message ----
To: Nina Kestner ; nina@morrispropertiesinc.com
austinyuen@marshallreddickseminars.com; chrisminter@marshallreddickseminars.com
Sent: Wednesday, October 11, 2006 3:20:16 PM
Subject: Re: Update - Portland TN
I need somebody to research and find out the issues and come out with a plan to attract new tenants
'I do not know' is not acceptable answer !
BG
----- Original Message ----
From: Nina Kestner
Sent: Wednesday, October 11, 2006 2:32:21 PM
Subject: Re: Update - Portland TN
As I have told you in previous communications regarding this property - you were not mislead. When I sold the properties, all but one of the units were fully occupied and had been fully occupied. The prior owner was able to fill vacancies within only a few weeks. How that happened I do not know and why it is not happening now I do not know. There is no way for us to know how a previous owner qualified his tenants - we can only go by the current rent roll and the leases. No one can guarantee that a tenant stays in place and no one can guarantee future occupancy - all I/we can do is tell you what the occupancy has been.
NINA KESTNER, CPM, BROKER
MORRIS PROPERTIES, INC. REALTORS
413 Welshwood Dr.
Nashville, TN 37211
615-289-1340 cell
615-833-9093 fax
nkestner@comcast.net
nina@morrispropertiesinc.com
www.morrispropertiesinc.com
----- Original Message -----
From: BG
To: Nina Kestner ; Nina Kestner
austinyuen@marshallreddickseminars.com ; chrisminter@marshallreddickseminars.com
Sent: Wednesday, October 11, 2006 3:43 PM
Subject: Re: Update - Portland TN
It becomes obvious now that this area is very poor rental area.
My unit has been vacant for 3 months now and I haven't heard any single serious prospect tenants to rent my unit.
and there are still 13 vacant units out of total 48 units in this community (27% vacancy)
When I bought this property thru Marshall Reddik network (Morries Property), I was told it will meet their standard as far as the good/best rental area. But I have been misinformed !
General
Illinois
