source: the morning news morning newspaper
"American Houston's upscale elegant, warm and chic house, as long as more than 50 thousand US dollars can have the United States Permanent property rights, charter two years, the annual income is 8% of housing prices. Do you feel excited when you see such an American real estate investment plan? In June
2013, Ms. Yang paid $53000 to buy an apartment of 1027 square feet (about 95.41 square meters) in the Oakwood Gardens, Houston, and she had not even seen the house and paid the whole money. During the next two years, the promised rent was on schedule and never defaulted until July 2015.
rent is behind a huge "bureau" - the market price of her property is only $more than 10 thousand, one of the worst areas in the United States, and it's really hard to rent a house. So where did the rent of the previous two years come from?
Ms. Yang said that the investor blinded by "overseas investment" is far more than one: at present, in addition to the rental income has been broken, they are also faced with high property fees, maintenance costs and other costs to be paid.
the rent is in time to account
Dear owner in two years. Your property is owed to more than US $7300 at present. If not paid before November 1st, we will take legal way to confiscate your property. In October 16th, Ms. Yang was dumbfounded when she received the e-mail from Houston. Helpless, Miss Yang had to rush to pay the related expenses before this day, and the promised investment return almost became a mirror.
also needs to be mentioned from a short message. In the spring of
2013, Ms. Yang saw the promotion information on Hughes's investment on his mobile phone. Then, she contacted the distribution side of the project, the US Asia base real estate brokerage (Shanghai) Limited. In April 29, 2013, Mr. Lin of Maya home introduced Ms. Oakwood's property to Houston Gardens.
three and a half years past, Ms. Yang also retained the original introduction of the project to her: "Tenglong Pavilion, the unique lush luxuriant, you have long been in this fresh habitat. Elegant, simple, exquisite design, high grade and elegant, create a unique chic. The beautiful scenery outside the window, the air is too green, and always clear the breathing of the residents. The green is quiet and everywhere, and the residents are here with the scenery and the time. The
project brochure refers to the elegant environment of Tenglong Pavilion, convenient transportation and perfect supporting facilities. On the beautiful picture book, this residential area with a history of more than thirty years, the house is neat and the environment is quiet. Ms. Yang said that at that time, she thought that even if she did not rent out, she would retire, and occasionally lived there for a while.
in addition, Maya also promised to rent two years, the annual rental income is 8% of the total housing price. In May 5, 2013, Mr. Lin, who was sent from Maya home, sent an e-mail to confirm Ms. Yang's return on investment plan.
"the rate of return on investment is still acceptable. Two years' rent is equivalent to 15% off of the house I bought." Finally, Ms. Yang selected the 703 bedroom apartment of Tenglong Pavilion, with an area of 1027 square feet (about 95.41 square meters). In June 10, 2013, Ms. Yang came to the Shanghai Office of the American Asia real estate company, which was located at the office of the 609 room of the long hair building, Weihai Road, and signed and paid the total amount of US $53000. Shortly after
, Ms. Yang received the certificate of title for her property and became an owner of US assets.
2013 September, Ms. Yang received the first rent, the first quarter, a total of $1042, an average of $more than 300 a month, in line with the original charter commitment. After two years of lease contract, the rent will come to the account in time, never arrears: "at that time, I think this investment is still very cost-effective, Houston property is so cheap, I feel a big bargain."
the real house was broken,
, however, it didn't last long, and the rent for the two years soon filled. Ms. Yang extended the contract with the American Asia real estate company Shanghai, and continued to entrust the company to rent the house for her.
since July 2015, Ms. Yang has never received a rent. "From July 2015 to January 2016, I asked the US and Asian home five times successively. Why did I break my rent? They answered, because the new tenant was changed. "
until May 2016, Ms. Yang learned that her house had not been rented out at all.
in May this year, Mr. Shen, who had bought a house in Houston with Ms. Yang, went to Houston, and Ms. Yang, who had never seen his own house, had entrusted Mr Shen to see her house instead.
"the time I went to Tenglong was about May 10th this year. I was stunned by the scene: a lot of police cars flashed the lights, sealed the main intersection of the community, the police were shouting into the community with a loudspeaker, and there were gunshots from the community." In October 24th, when Mr. Shen told the morning newspaper reporter the scene, he said, "the scene was so shocking that I had only seen the bandit film before."
in order to live up to the exhortations of friends, Mr. Shen got into the Tenglong pavilion after the situation had subsided slightly, and found the house of Ms. Yang's 703 room. "I saw that the house was really broken: the outer wall boards had rotted and damaged, and there were several big holes in the shutters. The dead leaves and rubbish outside the door have not been cleaned for a long time, and some weeds are sparse. Because there is no key, there is no way to go to the door to see. "
local people tell Mr. Shen that tenants in the district are basically bankrupt and low-income people.
in fact, the valuation was only $10 thousand.
Ms. Yang said her house was later occupied by people with unknown origin. Later, Ms. Yang paid $150 to the local court to apply for an expulsion order to expel the "invaders".
when Mr. Shen visited Tenglong's property company, it was only one of the most dangerous areas in Houston that it was located in one of the worst areas in the United States. The information provided by the
property company to Mr. Shen shows that the limited number of apartments to be rented is only 20% of the total number of apartments, but the US Asia home company has sold 74% or 227 apartments as investment property, which clearly violates the restrictions of the Apartment Association.
in Houston, in Houston, Mr. Shen also consulted the local property Bureau in May 12th to find out that the home loan for the first year was $1 million 800 thousand for Tenglong 227 sets of property, each of which was only about $ten thousand, and they were sold in China through the US Asia home for $50 thousand to $90 thousand.
according to Mr. Shen's Harris County value tax estimate, from 2013 to 2015, Ms. Yang's 1027 square foot house in Tenglong is valued at $10478, $12263, and $15764, respectively.
it is revealed that the estimated value of the house is the basis for the taxation of government agencies, and the price difference is 30%-40% with the market price.
"in 2013, I bought this house for $53000, and the rent for two years was $more than 8300. Even if the rent was paid to me by the intermediary, they sold me about $44700, much higher than the market price at that time." Ms. Yang said, considering that her house has not been rented out now, who paid the rent that arrived on time in the past two years, and she understood at once.
the owner of the community is basically Chinese
Mr. Shen has bought two suites in Houston through the Shanghai company of the United States and Asia. The first set is the 670 square foot apartment of Huangpu 100, which is bought for $49000. When he inquired about housing archives in Houston, he found that he was also buying about $10 thousand on the same household, and then sold it to Shanghai by his high price. At present, the law and order of the community is also very bad. Recently, a letter from the property company asked Mr. Shen to pay 3300 dollars for repairs.
another property of Mr. Shen in Houston, located in Baosu garden 11926, 1188 square feet, was bought for $83000 and was bought by the same upper house for $18000 in 2013. "
" I buy these two properties for children to read, not only do not collect rent, but also to pay a large number of property management fees and maintenance costs, causing us a great deal of trouble. Mr. Shen said anxiously.
2016 June, the United States and Asia promised to help Mr. Shen to sell at the original price, but the local property in Houston refused to hand over the house, "us and Asian homes have let us go to the property company for our own room!" But I had to fly to the United States to spend nearly $twenty thousand, asking local lawyers to urge the property to be delivered. In October this year, the tenant was cleared up, but the United States and Asia had notified the sale of the news and asked the new property company to manage it again, and the new property company had charged $2100 for repair. "
in Tenglong's property company, Mr. Shen saw the list of 227 owners, almost all the names registered in Chinese phonetic alphabet, of which Hongkong people and Guangdong have more people, and the owners of Shanghai in Tenglong have more than 20 people.
Tenglong's property company sent a lot of e-mail to the owner in Chinese, and also marked the contact of Mandarin and Cantonese. Ms. Yang said that although the property company is American, but because the owners are basically Chinese, the property company also put Chinese in the language of work, so communication, basically there is no language barriers.
the property purchased is in a vicious circle of
the morning newspaper reporter has sent multiple email to Tenglong pavilion's property company, and the other's mailbox is received automatically, but as of the time of publication, there has been no reply. However, Ms. Yang forwarded an e-mail to the owner of the property company to the owner, including the annex, up to 26 pages.
in this email, the property company, in addition to emphasizing the bad security environment in the property, and the pictures provided by the sales party and the actual situation of the community, has also been a number of facts that the sales companies have concealed from the owners, and the property company has been doing very hard since the property company stressed that he took over the business.
, however, the customer service department of the American and Asian home group said to the morning newspaper correspondent on related issues that it led to the current predicament of the investors, "the reason is that the developer's choice of Property Management Company is not good for their property management."
"no matter which side we are on the ground, we are all victims." Mr. Shen said that the property situation in Houston has fallen into a vicious circle at the moment: poor decoration can not be rented, and the decoration is good. Because of the bad public security, the tenants have basically leased for three months, and the furnished house equipment may be destroyed again, and Zhou Er began to return to no time.