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Find a Location

Property Partners has 1 locations, listed below.

*This company may be headquartered in or have additional locations in another country. Please click on the country abbreviation in the search box below to change to a different country location.

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    Business ProfileforProperty Partners

    Real Estate Services

    Current Alerts For This Business

    Alert:

    In December 2023, BBB investigated Property Partners's business practices. This investigation was prompted by a consumer alleging the business is asking for a payment to Saudia Arabia. The details that were found from the website and the Secretary of State filing reports which were more than 20 different filings, show the address is located here at  902 S RANDALL RD, STE C-286 ST CHARLES, IL 601740000. 

    There wasn't much information found online, a consumer claimed to invest with the business for Timeshare information but was concern after they have claimed to have driven to the location and stated no one was there. 

    Please visit the BBB's scam alert page to find the most updated information regarding Vacation schemes in IL here.

    On 12/05/2023, 12/13/2023 and 12/19/2023, BBB requested additional information. As of 12/28/2023, BBB has not received any response from Property Partners. 

    Additional business information

    Advertising Review:

    BBB promotes truth in advertising by contacting advertisers whose claims conflict with the BBB Code of Advertising. These claims may come to our attention from our internal review of advertising, consumer complaints and competitor challenges. BBB asks advertisers to prove their claims, change ads to make offers more clear to consumers, and remove misleading or deceptive statements.

    On 12/05/2023, BBB contacted the business regarding their advertised products on their website. The BBB has asked the business to substantiate that they are currently in service and to provide documentation. In addition, BBB asked the business to substantiate the testimonials claims advertised as required by BBB’s Code of Advertising.

    The business advertised the following product on their website:

    https://realestatepropertypartnersinc.com/

    “We have an extended portafolio of properties all over the USA and overseas.”

    International Purchases

    Residential Industrial

    International Real Estate

    Chicago's Best option for Brokerage Services.

    • Claims of services need to be substantiated.

    ”Joseph & Natalie Cardona

    Michael Birn was very helpful in finding an apartment in Chicago. He was very honest and straightforward and helped us find a great apartment that was perfect for our price range! He was very communicative and always answered our questions with ease. Michael Birn made his nightmare of finding an apartment in Chicago easier!confident when we faced challenges and always kept us on track. I would highly recommend Property Partners Inc. to anyone selling or buying a home. They are the most professional!”

    -              Provide proof this is a real person whom utilized services from your business.

     

    The BBB Code of Advertising States:

    1. Basic Principles of the Code

    1.1 The primary responsibility for truthful and non-deceptive advertising rests with the advertiser. Advertisers should be prepared to substantiate any objective claims or offers made before publication or broadcast. Upon request, they should present such substantiation promptly to the advertising medium or BBB.

    1.2 Advertisements which are untrue, misleading, deceptive, fraudulent, falsely disparaging of competitors, or insincere offers to sell, shall not be used.

    1.3 An advertisement as a whole may be misleading by implication, although every sentence separately considered may be literally true.

    1.4 Misrepresentation may result not only from direct statements, but by omitting or obscuring a material fact.

    30. Testimonials and Endorsements

    30.1 In general, advertising which uses testimonials or endorsements is likely to mislead or confuse if:

    30.1.1 It is not genuine and does not actually represent the current opinion of the endorser;

    30.1.2 The actual wording of the testimonial or endorsement has been altered in such a way as to change its overall meaning and impact;

    30.1.3 It contains representations or statements which would be misleading if made directly by the advertiser;

    30.1.4 While literally true, it creates deceptive implications;

    30.1.5 The endorser has not been a bona fide user of the endorsed product or service at the time when the endorsement was given, where the advertiser represents that the endorser uses the product or service;

    30.1.6 It is not clearly stated that the endorser, associated with some well-known and highly-regarded institution, is speaking only in a personal capacity, and not on behalf of such an institution, if such be the fact;

    30.1.7 The advertising makes broad claims as to the endorsements or approval by indefinitely large or vague groups, for example, “the homeowners of America,” “the doctors of America;”

    30.1.8 The endorser has a financial interest in the company whose product or service is endorsed and this is not made known in the advertisement;

    30.1.9 An expert endorser does not possess the qualifications that give the endorser the expertise represented in the advertisement;

    30.1.10 The advertiser represents, directly or by implication, that the endorser is an “actual consumer” when such is not the case and the advertisement fails to clearly and conspicuously disclose that fact;

    30.1.11 A consumer’s experience represented in an advertisement is not the typical experience of those using the product or service, unless the advertisement clearly and conspicuously discloses what the expected results will be;

    30.1.12 Endorsements placed by advertisers in online blogs or on other third-party websites do not clearly and conspicuously disclose the connection to the advertiser and comply with each of the provisions in this Code; and

    30.1.13 Advertisers compensate consumers for leaving feedback on third-party online blogs or websites but fail to ensure that consumers disclose such facts on those blogs or websites.

    In the U.S., advertisers should consult the Federal Trade Commission Guides on Testimonials and Endorsements for detailed guidance. In Canada, advertisers should review the Competition Bureau’s publication on Untrue, Misleading or Unauthorized Use of Tests and Testimonials for specific guidance.

    As of 12/27/2023, business has not responded to BBB emails or modified the website.

    See all additional business information

    At-a-glance

    Customer Reviews

    1/5stars

    Average of 4 Customer Reviews

    Customer Complaints

    3 complaints closed in last 3 years

    2 complaints closed in last 12 months

    Customer Reviews are not used in the calculation of BBB Rating

    Reasons for BBB Rating

    Business Details

    Location of This Business
    225 W Wacker Dr Ste 325, Chicago, IL 60606-1224
    BBB File Opened:
    2/8/2023
    Years in Business:
    1
    Business Started:
    12/19/2022
    Type of Entity:
    Sole Proprietorship
    Business Management
    • Mr. Mike Smith, Owner
    Contact Information

    Principal

    • Mr. Mike Smith, Owner

    Customer Contact

    • Mr. Mike Smith, Owner
    Additional Contact Information

    Phone Numbers

    Customer Complaints

    3 Customer Complaints

    Need to file a complaint? BBB is here to help. We'll guide you through the process. How BBB Processes Complaints and Reviews

    File a Complaint

    Customer Reviews

    4 Customer Reviews

    What do you think? Share your review.

    How BBB Processes Complaints and Reviews

    Start a Review

    Most Recent Customer Review

    neal edward a

    1 star

    05/13/2024

    During October 2024 Property Partners *** (PPI) offered me a deal whereby I could sell my vacation plan to an eager ************************ for a very high markup. After several conversations and exchanges of documents (all looked and sounded very upfront) I agreed to lay out a fully refundable $4k fee for an RFC allowance to conduct business and transfer funds through ******. I was leery about this but was repeatedly told this would be the only personal funds I would have to advance. No additional funds would be needed from me.In December I was informed that the Mexican govt made changes to their processes and I would have to submit an additional (fully refundable) $6,600 tax to complete this transaction. I immediately balked at this. I was told by *********************, a PPI broker, that the Mexican authorities amended their change process going forward but said change would not be grandfathered back to me and that only funds directly from me would work.I refused to forward additional personal funds and provided alternative ways that the Saudi investor could assist; They could forward the funds to me to pay, or I could visit a rep ****** in *** and go to my bank with their rep so he/she could watch me make the deposit. Both ideas were refused. Another PPI broker (***********************) supposedly attempted to pay this tax with his funds but was denied. Apparently, the sole solution was a direct payment from me, which I would not do I was very clear that after possibly losing $4k, I would not lay out any more personal funds. After several subsequent e-mails back and forth all I've heard from PPI is the sound of crickets. In hindsight I should have stuck with my original observation that...if a deal seems too good to be true, it usually is.

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