I bought three properties through HomeUnion about a year ago. Their management fees are very high relative to the local property managers I've used. This seems to be because they have a HUGE staff that lives in an expensive area of California and spends most of their time trying to market additional products to me, rather than manage the ones I am already paying them to! I never receive any funds until the last day of the month, and if the tenant pays any later than the 1st, they reserve the right to not pay until the FOLLOWING month (60 days later!). When rent is late, I receive NONE of the fees. These policies are non-negotiable. Tenants from 2 of the 3 properties have stopped paying rent after about 6 months. They just inform me that I won't be receiving payment. They don't start the eviction process or inform me of what is being done. It takes WEEKS for someone to get back to me. Terrible value.
Bottom Line: No, I would not recommend this to a friend
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