Are we being scammed? Our commercial property landlord doesn’t reside here, doesn’t have a website, only accepts checks to be sent for rent, and the business has had many name changes over the years. Some one please help me!
So I manage a new salon in Omaha, NE. I am working on obtaining permits for a permanent sign for our business. Our property managers are based in Florida. They don’t have a website. We have to send them a check for rent. You look them up online and it says “permanently closed”. They have multiple names but I have mostly found “Concord Assests Group” and “Milestone Properites Inc”. They have two addresses linked to them; 200 Congress Park Dr in DelRay FL and 150 East Palmento Park Rd in Boca Raton FL. They all have the same number, 561-394-9260. There were lawsuits in the 90’s involving them, but I don’t understand lawyer talk. I don’t get any of this. Am I nuts? Does this sound sketchy??
[{"id": "id9m9g8", "text": "It\u2019s not they probably self manage and have multiple LLCs that they operate out of, but I\u2019m not lawyer and have zero context. But it sounds like you\u2019re well pass the due diligence phase and didn\u2019t use a lawyer to review your lease.", "replies": [], "depth": 1}, {"id": "idagrs8", "text": "Check your department of corporations for whatever the LLC is to see if it\u2019s active. \n\nBut sounds pretty normal to me. CRE be like that.", "replies": [], "depth": 1}, {"id": "idamsqb", "text": "None of that is too alarming, but confirm who the property owner is by looking up the property on your county appraisal district website. Odds are it will be the same entity since they\u2019re self-managing. \n\nIf it\u2019s a different entity, search that entity on the Secretary of State. There should at least be some overlap with the addresses and/or manager names.", "replies": [], "depth": 1}, {"id": "idblrqz", "text": "It's most likely just a small scale and/or older property owner.", "replies": [], "depth": 1}, {"id": "idcspdb", "text": "I\u2019m a broker in Omaha. Not sure how you would be getting scammed if you executed a lease agreement with them and that\u2019s where it says to send your rent payment each month?", "replies": [], "depth": 1}, {"id": "idqt541", "text": "We own a few properties and all of them are out of state; payments are either ACH or via the LLC address - out of state and we do not have a website. Not sure why\u2019d you see that as a scam.", "replies": [], "depth": 1}]