A Warning To Aggies
Share this story:
Parents and students should take notice of our investigation into Asset Hero Property Management.
They claim to be number one in managing hundreds of rental properties in the College Station area, but complaints are pouring in that they are ripping off students. Our confrontation with the owner ended with the slam of a car door!
Texas A&M students are ready to do battle when they head to Kyle Field on a big football weekend. But we’ve arrived in College Station to help the students who have to deal with a very different kind of Kyle.
“Are you ripping off students? You know the Texas Real Estate Commission is investigating you. We’d like to talk to you real quick before you leave… hey,” said Wayne Dolcefino.
“Hey everyone. My name’s Kyle Dwyer, owner, broker, and president of asset hero property management,” said Kyle Dwyer in an introductory video.
Kyle Dwyer manages real estate houses and apartments in the Bryan College Station area.
The Aggies may not be number one in college football, but Kyle Dwyer says he’s number one.
“That is our ranking from 2020 as the number one leasing agency in town,” claims Dwyer.
Look at some of these great references we found for him and his company on social media.
“This guy has scammed so many people,” “Victims of bogus charges,” “I have nothing good to say about them,” “greed will bring this company down,” read the comments.
This is Dwyer getting ready to inspect a newly vacated college student rental house. Five kids just moved out. And Dwyer, he’s looking for damage. You know the things that need fixing or cleaning. That’s not unusual unless you’re really just looking for a way to pad the bill.
“Upon move out asset Hero charged this 10,000 over $10,000 and move out charges,” stated Mark Awe.
Mark Awe is the father of one of those students and he was having none of it.
“I guarantee you we left that house in better condition than when we moved in with,” continued Awe.
Awe says he and other parents spent an entire weekend making sure the house was in good shape.
They even had the carpets professionally cleaned, but asset hero charged them for carpet cleaning anyway.
“He charged us $300 for 4 window screens and they weren’t there when they moved in and it’s on the move in document,” recalls Awe.
The students were charged for repainting the whole house even though the walls needed painting when they first moved in.
Look at the pre-move in documents we’ve obtained. There were already nails, screws, and scuffs all over the walls.
“His business model is based on taking advantage of young college students that first of all have no money,” said Awe.
He sued, filed a complaint with the Texas Real Estate Commission too, most of the charges were then waived.
“Hey Kyle! What do you say to all the property owners that are complaining?” asked Dolcefino.
That’s right. It’s not just students and their parents who’ve been complaining, property -owners have been complaining too.
“I would say wolf in sheep’s clothing for sure,” said Craig Poskus.
Craig Poskus owns a duplex and a fourplex in college station.
He says he made a big mistake hiring Kyle Dwyer to manage his properties.
“He was adding expenses that weren’t in our agreement he racked up a ton of turnover cost on my tenants and essentially piled up huge bills that rent couldn’t cover,” recalls Poskus.
Craig says he didn’t get rental income for months, but then he realized Dwyer was charging him bills of more than 50-thousand bucks in supposed fees and maintenance costs he ran up on those two properties. Some of it for the cost of alleged damage done by students.
“And I expressed my frustration to Kyle, when he hit me with all the turnover cost that got dumped on me because the students wouldn’t pay it,” recalls Poskus
Craig says Dwyer also tacked on interest charges and then threatened to sue him if he didn’t pay up.
But Dwyer, he said, offered him a way out.
“During that time, he sent an email saying he knew times were tough and he would put in an offer for all my properties if I would consider it. It doesn’t take much to connect the dots either, on what he was trying to accomplish,” said Poskus.
It sure sounds like Kyle Dwyer actually telegraphs his real estate game on the podcasts.
“I’m buying one to two properties per month right now. And it’s not because – by the way I’m doing that with no money. That’s another podcast,” claims Dwyer.
He’s created a bit of a real estate empire in the college station area.
“Asset hero manages my property. I don’t manage my property. I don’t do anything with the day to day of my properties. And in turn it allows me to buy more,” claims Dwyer.
It’s especially nice when he owns the companies that do much of asset hero’s work.
“Hey Kyle, this is your chance to tell me all these people that are complaining don’t have a reason to complain. Are you setting up companies to jack up the fees?” asked Dolcefino.
Undisclosed in Dwyer’s management contracts are the connections he has with his so-called “contractors.”
According to the Texas Secretary of State’s office, asset hero is a managing member of A.G. town property maintenance. They did the 6-thousand-dollar paint job and other maintenance at 1625 Park Place.
But Dwyer owns two other companies he regularly uses.
Wick property maintenance and dynamite inspections. They are in the same building in college station.
He’s got a podcast for dynamite inspections… but there are allegations he’s using that to blow up his profits.
“It’s unethical because he can charge whatever he wants,” said Poskus.
“When someone sues me on one of my properties. It’s like ok… next,” said Dwyer.
A search of lawsuits in Brazos County shows Dwyer and his companies are fighting five lawsuits right now, but there have been others in small claims courts.
One of the current ones is filed by Jenelle Whalen. Another property owner.
According to the court documents she accuses Dwyer of breach of contract, and fraud and deceptive trade practices claiming he used his shell companies to charge for services either not performed or not approved.
But how many property owners, parents, and students check court records before they sign up with asset hero or any other management company.
Kyle Dwyer is doing just fine. Just ask him.
“450. That’s the number of doors we currently manage around Brazos County,” said Dwyer.
This is Dwyer from one of his promotion videos that he calls “10 numbers.”
We’ve got a number for Kyle.
Two. That’s the number of years his real estate brokers license has now been suspended by state regulators.
“A local real estate broker with ties to dozens of properties around college station was recently reprimanded by the Texas Real Estate Commission,” said KBTX.
The suspension was in May, along with a three thousand dollar fine.
Violations included charging for damages at the end of a lease that were already present at move in and what sounds like, just plain making stuff up.
“According to public records he’s accused of improperly charging one tenant for fees that were not agreed to under the lease,” said KBTX.
KBTX posted their story on Facebook and hundreds of previous tenants erupted with, well, cheers.
“Love it. Karma at work,” read a comment.
“Mr. Dwyer was assessed the maximum penalty for the violation,” states The Real Estate Commission.
But out in Aggieland some of his apparent victims are not happy.
“Three thousand dollars is less than what he scammed me out of,” says Jennifer Williams.
It’s a lot less than those college kids were charged when they moved out of the house on park place.
Here’s the commissions “agreed order,” to which Dwyer “neither admits nor denies to the truth of the findings of fact and conclusions of law.”
One of those, I don’t have to admit I did any of this stuff deals.
Dwyer was cited for four counts of violating the Texas occupations code by “acting negligently or incompetently, while acting as a broker or sales agent”.
But he got fined like it was only one violation.
“I think it’s sad I don’t think it is enough. I don’t think TREC are taking this very seriously to be quite honest and it’s a slap on the wrist. They can do a lot more. They just need to stop him period,” states Poskus.
Dwyer actually called the cops on us, like he’s the victim here.
But we have been giving him a chance to talk to us for five weeks and well time was up.
If the College Station police have a beef with us, we’re easy to find. Maybe they should be looking at him instead.
“We are continuously growing, and we’re excited for you to potentially be part of the asset hero family,” said Dwyer in one of his videos.
Dwyer’s businesses keep rolling on.
According to the real estate commission, Dwyer’s wife, Sarah, is now the designated broker for his company.
She just got her license in March. How convenient. But when we checked his websites this week, he was still claiming he’s the broker.
“Hey Kyle, this is your chance to tell me all these people who are complaining don’t have a reason to complain. Are you setting up companies to jack up the fees?” asked Dolcefino.
Dwyer has a long list of businesses registered with the Texas Secretary of State.
Just this year he has registered three new companies.
Jonah Robinson expressed in an interview, “it’s absolutely infuriating. Makes my blood boil. It’s so unfair that Kyle Dwyer is being able to get away with this.”
Jonah Robinson and his roommates say they were victims too.
But for you parents out there sending your kids to A&M, stay tuned here for the lessons they can share.
This is Dwyer going through every inch of their apartment looking to add up move out charges.
A friend of theirs had already warned them.
“So we were aware of this and spent an entire week prior to our move out date deep cleaning the house,” recalls Robinson.
They hired professional cleaners, even made their own move out video just in case.
Surprise. Surprise. The kids still got an itemized bill, it was two pages long.
They had lost their entire $3,600 security deposit and they were charged $2,500 on top of that.
“They were alleging that we had caused over $6,000 of damage to that house that was in move in ready condition when we left. Like it was beautiful,” states Robinson.
It appears that Mr. Dwyer messed with the wrong guy.
Jonah is a graduate student studying math and he knew the numbers didn’t add up.
Students are moving out of their college apartments for the summer. And I will be shocked to find out that some of the asset heroes, tenants, well, they’re already fighting to get their hands back on their security deposit.
“When is Texas A&M going to start taking this more seriously when is Texas real estate going to start taking it seriously when is the D.A. in college station going to start taking this more seriously i mean how much longer is this going to go on?” states Poskus.
But upcoming students will be choosing new apartments soon and parents might want to take a look at the Better Business Bureau ratings for asset hero for some guidance.
It’s an F. We don’t want folks to get f’ed.
“I seriously was thinking about buying a billboard space and saying students, do your homework before you lease from Asset Hero,” concludes Awe. Here you go. How about something like this?
Keep up with us on social media:
