I had a really bad experience with Paul Hwang. I asked him to sell my tenanted unit and Paul Hwang quoted me a likely sales price, which seemed acceptable to me. He told me to vacate the tenants immediately so I could put the unit on the market. I gave my tenants notice. They started looking for another place to live.
Only a few days later, Paul told me oh by the way we will only get this much for your unit, a MUCH lower number, one which I was unwilling to sell for. So then I have to backpedal and tell the tenants they can stay after all. By that point, they had already looked around and forced my hand into lowering my rent by over $1000 a month, since a similar unit was on the market for much cheaper.
They wouldn’t have even bothered looking if Paul had done some research beforehand and come up with an appropriate number the first time I asked. I complained to Paul about how this went down, and he just gave me some smart ass response. Very unprofessional.I’m actually quite surprised he’s gotten so many good reviews. He’s known in the industry to be quite an asshole.
This is coming both from a Bay Area mortgage loan officer and other South Beach sales agents. For example, he was selling a unit one floor above mine which was tenanted. I was staging my unit for sale. He brought his own customers into my staged unit, not to show my unit as a potential sale, but to show them what the upstairs unit would look like staged. He used my dime for his purposes.
I believe he had more influence when the Chinese were looking for investment opportunities in South Beach. Now he has many properties which don’t sell initially and go off the market after so many days. I’m sure this is to boost his statistics somehow.I think there are better options out there, with agents who actually have some ethics.