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View Full Version : Major Penasco Prop. Mgmt. Co to close???


Roberto
10-17-2009, 02:17 PM
Rumor announced today at the Las Conchas HOA meeting. Is it true??? Who might that be?? When will it occur ?? The tension is mounting :stir:
Roberto
10-17-2009, 02:27 PM
Just in the front door from someone who says he is in the "know"....drummmroLLLL the name of the rumored company is Seaside
Seadweller
10-17-2009, 02:34 PM
I have heard that they were having legal problems, something to do with employees for over a year.

I wonder if this is the same for them in San Carlos?
Roberto
10-17-2009, 03:32 PM
Now the story says this company will close and another mirror company will open up.
playaperro
10-17-2009, 04:37 PM
Now the story says this company will close and another mirror company will open up.
Thx for the update...
Kenny
10-17-2009, 04:44 PM
Steve Schwab is involved with my old surfing grounds as well, Rosarito beach on the Pacific side.
reportjones
10-20-2009, 07:16 PM
What happened? I don't know this guy but all I ever hear is terrible stuff about him. Did he sale the company or is it getting taken away from him?


Steve Schwab is involved with my old surfing grounds as well, Rosarito beach on the Pacific side.
Roberto
10-21-2009, 02:20 PM
What happened? I don't know this guy but all I ever hear is terrible stuff about him. Did he sale the company or is it getting taken away from him?


I have not heard more details. It is possible that no one will ever know exactly what occured and why. I visited with a client of Seaside, they manage a rental property of his, he confirmed that an employee of seaside told him there was a problem and that a new company would probably be set up and the exisitng closed. I'd be a little worried about any rental money due the owners in the tubes when the s*** hits the fan.

I don't know Mr. Schwab and have heard lots of stories about him, but they are stories that I would try to confirm if doing business with him, which I am not. I do know that the rental business is very difficult to manage, lots and lots of problems.
Kenny
10-21-2009, 03:01 PM
The info about Rosarito is from one of his own site's. He's all over the place, including http://www.myspace.com/sschwab
reportjones
10-21-2009, 07:11 PM
I have several friends who rent through Seaside and left after the continued receiving $10.00 light bulb charges. Ten bucks for a lightbulb; don't blame them from running especially when the there condos werent being rented. Who was turning on the lites?.

Looked at Steves MySpace account and he lists his income at over $250,000.00. If I was renting from him and he owed me money, I would print a copy of that page NOW and use it to collect from him in court. How can someone making over 1/4 millions a year charge such ridiculous prices and get so unpopular? Maybe he should share his money with all of the poor bast@rds who invested there life savings by buying a condo so he could rent it and make them a "fortune". Maybe this is why his employees turned on him?


The info about Rosarito is from one of his own site's. He's all over the place, including http://www.myspace.com/sschwab
Roberto
10-22-2009, 04:40 PM
RPJ sez: "I have several friends who rent through Seaside and left after the continued receiving $10.00 light bulb charges. Ten bucks for a lightbulb; don't blame "

Whatever you think of Seaside, managing property in Mexico is a huge PITA, HUGE. There are lots of steps to the light bulb replacment example. Someone's got to inspect, someone's got to go get the proper bulb, someone's got to deliver the bulb, someone's got to remove and replace and dispose of and someone has to buy the bulbs and pay for a location to store the bulbs and check inventory for replacements. Would you do all that for $10?
GringoZona
10-22-2009, 10:16 PM
Hold on, Roberto—was that a thinly-veiled 'how many ______ does it take to screw in a light bulb' joke? If it was meant to be serious, please forgive. Just seemed too perfect.
Kenny
10-22-2009, 10:28 PM
Hold on, Roberto—was that a thinly-veiled 'how many ______ does it take to screw in a light bulb' joke? If it was meant to be serious, please forgive. Just seemed too perfect.

That was no joke. Roberto has lived down there for some time now, and that's how he picks up pocket money, installing light bulbs.:idea::idea::-D
GringoZona
10-22-2009, 10:52 PM
Well, now that the internets are dead, good to know I have the light bulb-tending business to fall back on when I retire in Mexico soon. :)
Kenny
10-22-2009, 10:56 PM
Well, now that the internets are dead, good to know I have the light bulb-tending business to fall back on when I retire in Mexico soon. :)
This might work out, the last time I talked with Roberto he was looking for a new helper.:razz:
GringoZona
10-23-2009, 12:02 AM
i will test your light bulb and plumbing connections for a very small fee. make your house look like it's being lived in for FREE!
Roberto
10-23-2009, 12:26 PM
:rofl:Ha, ha, ha you guys are too funny!!!
rob4092xx
10-23-2009, 03:32 PM
This is funny stuff. I geuss no one feels bad about Seaside getting shut down. I just hope it is for all bad reasons. Bankruptcy, fraud, employee mutany? What happened>


:rofl:Ha, ha, ha you guys are too funny!!!
jerry
10-23-2009, 06:49 PM
it is karma do to Steve's wizkid wrecking the old forum