Property Manager Horror 2 and NIAC

A tragic story about misplaced trust and NASA's Innovative Advanced Concepts

Feb 09, 2025

Property Manager Horror

During the second year that I was working with my property manager, around 2023, I told her that I wanted to start looking for my next deal. After a while, I saw a property that had 3 houses and a tiny home on 3 acres on the MLS listing I was being sent. I thought that this was perfect. I would essentially be doubling the amount of units I had with just one purchase. On top of that, if the 3 houses I rent for the long term have a high enough rent, and I live in the tiny home, I could live for free. That means thousands of dollars saved in mortgage costs every month. I was excited and set out to see the property. I met with the property manager’s agent and we toured the houses. It was lovely. The houses were old, built sometime during or before the 1950s. They were on the smaller side, but they could still house a small family comfortably. They were also clean and had a rustic feel to it, but not in a bad way. These houses had the same look and feel that Florida used to have back before the space center was built. When I spoke to my parents about it and asked if they wanted to invest in it, they agreed. My dad was even able to see the property personally when he came down to visit and was excited by the deal.

In order to get the loan to go through, I needed to rent my house out so that my income would increase. My debt to income ratio was just slightly out of the range the loan needed. This loan was also required only a 3.5% down payment since I was going to be living in it. I thought that everything was going to go smoothly. I told my manger that I wanted her to manage my house too and I signed the management contract that allowed her to start looking for a tenant. We found a tenant who was willing to rent my house out for $1800, all they needed to do was to apply with the manager’s realtor and they could move in immediately.

While I was at my job, a few days later, the realtor that worked with the manager called me and said that the manager is refusing the tenant’s application because they used the wrong tenant portal. I was trying to understand how this happened and the agent said that the portal the agent used was not the one the manager wanted used, even though the agent had used it previously. From what the agent told me, the manager gets a kickback every time a tenant signs up using the managers preferred platform. As a result, the manager was not going to accept them. These tenants were desperate for a place to live and didn’t want to pay another application fee since they had already paid one. Since I needed the signed lease for my loan that day, I decided to fire the manager from just the house and not my duplex. I got my own lease from Evict.com and approved them my self. Little did I know that this one decision would be the start to one of the worst events of my life. The pain, the headaches, the agony are still fresh enough in my mind that it almost feels like I am still back there whenever I think of it.

To be cont.

To learn more about me, check out my website and Youtube channel:

ReaganClo.com

https://www.youtube.com/@RocketsandRealEstate

NASA’s NIAC

I have mentioned NIAC before in my newsletter. See this one edition below as an example.

Multifamily Bootcamp Review 1 and a Lunar South Pole Oxygen Pipeline

Reagan Clo

July 16, 2023

Read full story

NIAC stands for NASA’s Innovative Advanced Concepts. From NIAC’s website, the program “nurtures visionary ideas that could transform future NASA missions with the creation of breakthroughs — radically better or entirely new aerospace concepts — while engaging America’s innovators and entrepreneurs as partners in the journey“. This is one of my favorite programs of NASA because the projects they help to fund are the same type of projects that I would love to fund as well. These are not just projects to help make jet engines more efficient, or a plan to upgrade the size of a typical space capsule. These inventions range from a living, self healing, fungus that can form habitats on the moon, a solar gravitational lens (SGL) that can take images of potential habitable exoplanets, a cubesat that will look for dark matter and a swarm of mini bee robots that will use concentrated sunlight to power the spacecraft to the asteroid belt for mining operations. These examples are the projects that got to phase 3. In NIAC, there are 3 phases for a concept.

Phase 1: A concept is studied for up to 9 months to verify the feasibility and the current Technology Readiness Level (TRL). The awarded money was $145,000 per group.

Phase 2: The concept is studied for an additional 2 years. The developers are expected to create a road map of the planned project but the TRL does not need to be increased. The awarded money was $600,000 per group.

Phase 3: The concept is studied for an additional 2 years. This phase is designed to strategically transition the concept into a feasible project that could positively impact NASA and commercial partners in the future. The awarded money was $2,000,000! From what I saw, only 1 or 2 groups get this far every year.

As of 2025, there have been numerous phase 1 studies that have been brought forth, including a Venus exploring balloon probe, a lunar sand glass dome settlement on the moon, and an in-space assembly and repair yard for spacecraft while in orbit. NIAC also has a youtube channel that you can check out. The animations are awe inspiring. See the link below.

https://www.youtube.com/playlist?list=PLLkhV0dW-LrqnFZh8eYbLJSFr2nycDQ3H