Preferred Apartment Communities: A Lesson In Lemons

9/24/20

By Brad Thomas, SeekingAlpha

(Source: Yahoo Finance)

Summary

  • It has been more than a month now since I realized my new Lenovo laptop wasn’t going to work for me.
  • I’ll also add that the undesirable experience has taught me to do my due diligence to a much greater extent when making such purchases.
  • I'm glad we did our homework with Preferred Apartment Communities.
  • This idea was discussed in more depth with members of my private investing community, iREIT on Alpha. Get started today »

Don’t buy a 2017 car. It’s apparently not worth the risk.

That’s the lesson an associate of mine learned recently.

With her (very) old car on its last leg (or tire), she started looking for a newer Subaru Legacy, only to find a lot – as in a lot – of 2017 models available. Apparently, that’s because the 2017 model came with a whole host of issues for some reason.

After discovering that, she ultimately ended up at a Chevrolet dealership, where she purchased a 2017 Cruze. Yet, on the way back home, it outright refused to accelerate past 65 twice.

Unimpressed, she returned it right away for a 2018 Equinox instead, which she’s reportedly very content with.

While that’s a happy end to an otherwise aggravating story, it needs to be noted that Cruzes weren’t the only issue-laden Chevy coming off the assembly lines in 2017. A long list of models presented a tendency toward “hiccups” in this regard.

If you find out why the year produced such unimpressive offerings, feel free to let me know. And, while you’re at it, let me know if you have any tips on how to get my money back from Lenovo.

That’s another quality-related problem – and one I feel a much more personal, frustrating connection with.

(Source)

If at All Possible, Avoid This Experience

It’s been over a month since I realized my new Lenovo laptop wasn’t working out. I won’t detail why I decided to return it, leaving it at this…

I most definitely did decide to return it.

Apparently though, I would have done just as well throwing it in the trash. That’s how far I’ve gotten in getting a well-deserved refund, despite how Lenovo has long since confirmed receipt of the item.

As it turns out, as unimpressive as Lenovo’s laptops are, its “customer service” is even worse. I would call it ineffective, except that it appears extremely effective in keeping my money and driving me nuts.

I’ve called the company multiple times now. And each time, I get put on hold so long I have to hang up. Twenty minutes… half an hour… 45 minutes…

I may have lasted an hour once, thinking I could multitask away the time until they got back on the line. But they never did.

It’s been infuriating.

For decency’s sake, I won’t give you my exact opinion of Lenovo right here in black and white. But I’m sure you can believe that I won’t be contacting it ever again just as soon as I get back my much-deserved refund.

I’ll also add that the undesirable experience has taught me to do my due diligence to a much greater extent when making such purchases. Just as my acquaintance learned about cars.

When it comes to REITs, I’m happy to say this isn’t a lesson I need to learn. I’ve been on board the thorough research train here for quite a while now.

These efforts have paid off time and time again, as evidenced by my iREIT on Alpha portfolios, where avoiding the wrong stocks is every bit as important as buying the right ones.

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