Renosy

[Alex]

Hi, has anyone experience with Renosy? I am bombarded by their advertisements recently, and their promise of tax savings through real estate investing sounds tempting …

[kizuki]

I have some experience with Renosy. They are well organized and tech focused with apps, notifications, most documentation online among others. But at the same time I found them to be expensive compared to other companies I met. i.e. the properties they were selling were on average at 5-7% higher prices compared to others. The sales folk could be quite pushy at times which was quite annoying.

[Alex]

Hi, thanks for sharing your experience! I guess i’ll see what they have on offer, maybe I can report something about it later. Best, Alex

[Viralriver]

The place I'm renting right now is through Renosy. Although actually I found the place and they still charged the introduction fee...

[kizuki]

I have some experience with Renosy. They are well organized and tech focused with apps, notifications, most documentation online among others. But at the same time I found them to be expensive compared to other companies I met. i.e. the properties they were selling were on average at 5-7% higher prices compared to others. The sales folk could be quite pushy at times which was quite annoying.

Just for my reference, are the investments they proposed at negative or positive annual cashflow, and did they ask for taking out loans?

Most of the ones I saw were marginally cash flow negative and everything was assuming a 100% loan. If you wanted to do in cash, it’s cheaper to directly buy from the secondary market through a normal real estate brokerage rather than a sales company such as Renosy.