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  • Landlord Resources

    WARNING: Ryan Otto Bankruptcy/Insolvency Proceedings

    Hi, saw this on the net yesterday, anyone had any dealings/thoughts on the below?

     

    Subject: WARNING: Ryan Otto Bankruptcy/Insolvency ProceedingsFrom: security@thelondonpropertynetwork.org.uk

    The reason we have contacted you is because since Ryan Otto delivered a one-off ‘guaranteed rent’ presentation at an event in October 2010, several landlords & investors have alerted us to numerous unpaid debts, extensive portfolio mismanagement and severe arrears in connection with Ryan Otto and his firm Guaranteed Rent Ltd.

    In addition to our own legal action against him (which is being handled by Paul Shamplina from Landlord Action), very worrying financial “irregularities” have emerged about Ryan Otto and a High Court Order is being sought to close down Guaranteed Rent Ltd.

    As such, we would advise CAUTION if being asked to hand over money to Ryan Otto or Guaranteed Rent Ltd (which is now trading as “Property Momentum”).

    If you are owed money by Ryan Otto/Guaranteed Rent Ltd there are a number of options:

    Trading Standards:
    http://www.tradingstandards.gov.uk/   
    08454 040 506 

    Debt Recovery Agents (Landlord Action/Paul Shamplina)http://www.landlordaction.co.u...../index.php

    0333 40 9770
     
    BBC ‘Watchdog’http://www.bbc.co.uk/watchdog/gotastory/  

    High Court (insolvency)

    http://www.justice.gov.uk/civi.....ncy_pd.htm  
    County Court
    0845 601 5935     
    https://www.moneyclaim.gov.uk/web/mcol/welcome  

    Yours sincerely,

     
    London Property Network
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    Well done to Tony Chads for letting his list know! Smile
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    Times must be tough right now. A number of presenters are shutting down or are being shut down.
    They say more businesses fail after a recession than during a recession. Businesses with a marginal business model get caught out. As Buffett says, you only find out who has been swimming naked when the tide goes out.
    John Corey
    https://www.ChelseaPrivateEquity.com/blog
    https://www.twitter.com/John_Corey
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    John Corey 


    I host the London Real Estate Meet on the 2nd Tuesday of every month. 11 years and running. If you have never been before, email me for the 'new visitor' link.

    PropertyFortress.com/Events

    Also happy to chat on the phone. Pay It Forward; my way of giving back through sharing. Click on the link: PropertyFortress.com/Ask-John to book a time. I will call you at the time you selected. Nothing to buy. Just be prepared with your questions so we can use the 20 minutes wisely.

    This note was posted on Facebook - stupidity at its most prevalent.  I am informed it is now the subject of legal action between three people who had a childish school yard fall out.

     

    Shortfall of highlighting the non professionalism of the accuser (singular as the third member remains silent) that unfortunately prevails within our industry, it is consolidates the accusations of last nights BBC 1 Programme, Rip Off Britain.

     

    I am familiar with the accuser and the accused. Sadly, not only are they bringing our industry into disrepute, this kind of behaviour just highlights the animosity that some so called professionals extend to others.

     

    I conclude the accusers libelous statements being posted on Facebook will result in the accused laughing all the way to the court then on to the bank so to speak!   

     

    Its a shame this kind of behaviour continues amongst grown men (and females).  For the next exciting episode (sic) . . . .  almost like watching a TV soap

     

     

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    This note was posted on Facebook - stupidity at its most prevalent. I am informed it is now the subject of legal action between three people who had a childish school yard fall out.
    Shortfall of highlighting the non professionalism of the accuser (singular as the third member remains silent) that unfortunately prevails within our industry, it is consolidates the accusations of last nights BBC 1 Programme, Rip Off Britain.
    I am familiar with the accuser and the accused. Sadly, not only are they bringing our industry into disrepute, this kind of behaviour just highlights the animosity that some so called professionals extend to others.
    I conclude the accusers libelous statements being posted on Facebook will result in the accused laughing all the way to the court then on to the bank so to speak!
    Its a shame this kind of behaviour continues amongst grown men (and females). For the next exciting episode (sic) . . . . almost like watching a TV soap
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    Kate,

     

    If you believe this statement is not true, why not ask for it to be removed explaining your reasons why? 

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    If people are trying to bring you down it just means that you are ABOVE them.

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    Tony

     

     For the benefit of others,  I am a connection of Tony's on Facebook -

     

    Moderator - Kate you are not a "friend" of Tony's on facebook, therefore, I have removed the rest of this content.

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    Hi Christabella

     

    I am very sorry to hear about the situation you are currently in. Whilst I accept that things have got a lot worse for you since your encounter with Mr Otto, I do wonder if the genuine, well informed members on this site may be able to hatch a plan to find a solution for you. As the saying goes "Two heads are better than one" so if you could let us have a few more details of your situation, perhaps we could assist.

     

    Kind Regards

     

    Tony
    Christabella said:

    Good evening all,

    As you debate this,let me tell you this. I am a real person, you can meet me anytime, and will verify my story.

    Ryan Otto put tenants in my house (he said he would rent it for a year or so until the markets picked up and then guaranteed to buy it) I paid him money to clear off a loan which was on the property, which he did not do.

    He has now disappeared, leaving me with a mess. He did not keep up payments on the mortgage, which is now in arrears, has made no effort to reply to my numerous emails, voicemails, or texts desperatly asking him to contact me.

    All this, and he has vanished with my money. He was a soothing  person in the midst of my trauma, telling me he would make it all go away.

    Taken for a ride - yes. Not a tale of school yard fights, but a woman left with no hope no money and a mess I do not even begin to know how to sort out.

    So as you all discuss this and sit in your fancy homes, think of the real victims here, the ones who believed him, the ones who now are trapped in an even bigger mess with no way out - ones who never had bad credit, but through a series of events now face a difficult and bleak future with no financial backing or cushion.

     

    Yours sincerely

    A genuine victim of  this disreputable man.

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    As it happens I understand that she is now working with someone to help her through things.
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