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I began working on Pyramid with Selene a couple of months ago without any problem. Yes, they are reimbursing my company instead of me directly: I am trying to get them to correct that. Communication has been fine. My sole objection has been the usual insistence on finding competing bids when they have some company out of New York, Nationwide Renovations (?) , that gets all of the make-ready work. I hate wasting my vendors' time when I know they won't receive the work.
The platform is crummy at best but it works. I've used it for various company's over the last several years. I don't think the platform affects when they cut check I think the Asset Managers attention or lack thereof has been the biggest issue I see with the company's on Pyramid. My guess is it offers much broader flexibility to the AM's than Equator of Res.Net. Definitely not a favorite but legit and workable. Electronic signature seems beneficial to me.
From the standpoint of being lazy and not wanting to do the search....what is the web site for the Pyramid platform. tks
Yes I have used them - the good and the bad
they are legit
they want you to fix up their properties hire contractos arrange for all permits pay for all services basically flip the house for them and not pay you for any extra work - and if something goes bad "you are the expert"
the bad lately they take 45 to reimburse - when you pay $2000 for repairs $300 for permits $200 for electric $300 for lawn x 3 listings that can add up really fast quickly -
I received a property from Selene last week. It is $35k and after everything is said and done, my commission would be around $400 (broker split, taxes and transaction fee). I took the property and then after much thought and reading some of the posts, I have decided to release the property back to them. There are liens, etc and it is in my best interest to release it. I know you take the bad with the good (I have been doing this for many years) but my gut just told me not to do it. I took heed. Not worth the commission I would be making.
Who else uses Pyramid Platform besides Selene?