Real Estate Investing
LandaThis business is NOT BBB Accredited.
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Reviews
15 Customer Reviews
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Review from Kwaku D
1 star01/09/2025
In October 2023, I invested approximately $4,392 in the Landa app. Initially, I received an average monthly dividend of $7, which felt rather small. When I inquired further via email, I was informed that the properties I had invested in had not yet reached the *** stage. They explained that the properties must reach this stage before shares can be traded and funds can be retrieved. I continued to monitor my investment over the course of the year.On November 4, 2024, I contacted Landa again, requesting to withdraw my investment. Landa informed me that some properties have redemption plans, but the properties I invested in do not. According to their response, I would need to wait for these properties to reach their *** stage before I could access my funds. Even though Landa mentioned that properties must reach the *** stage, they also made it clear that there is no guarantee any of the properties will ever get there, as all shares must be sold first.Additionally, the Landa app has been glitchy, with some transactions showing as "processing" for over six months. Although I initially received dividends, I haven't received any for the past four months. Landa has provided no clear pathway for me to recover my investment, simply asking me to wait.The app has accumulated many negative reviews, and it seems unlikely that anyone would be willing to invest in it. Consequently, the property ***s may never reach maturity, which means Landa's investors may never see a return on their investments. Given Landa's failure to provide a viable path for investors to retrieve their funds and the uncertainty surrounding the ***s, a lawsuit may be necessary. It is becoming clear that Landa may not be obligated to pay back investors, and it could take yearsif everfor their investments to reach maturity.Landa Response
02/20/2025
Hi ***** ****,
We appreciate the opportunity to address your concerns and value your investment with Landa. Transparency and investor confidence remain our top priorities, and we aim to clarify the points youve raised.
Landa operates as a real estate investment platform under SEC Regulation A, where investments are structured as long-term securities. Each property functions as an independent investment series, and liquidity is dependent on market conditions, investor demand, and offering completion.
Regarding IPO status and liquidity, properties must complete their initial offering phase before entering the secondary market. While we strive to facilitate trading opportunities, the timing of an IPO is influenced by market participation and full subscription of shares. As stated in our Offering Circular, liquidity is not guaranteed, and investors should be prepared for varying timelines based on individual property performance.
With respect to dividend distributions, these are directly tied to property-level financial performance, including rental income, expenses, and reserves. While some properties generate revenue, dividends are not guaranteed and are issued at the discretion of the Manager, depending on available cash flow.
We recognize your concerns regarding transaction processing times and user experience, and we continuously work to improve our platforms functionality. If you are experiencing any specific account issues, we encourage you to reach out to ***************************** so we can address them directly.
We remain committed to compliance with all regulatory obligations and to supporting our investors in making informed decisions. Should you require any further clarification, please do not hesitate to contact us.
Best regards,
Landa Customer SupportReview from William i
1 star10/15/2024
This company has held my funds for some time now. I joined this with the hopes of making money using this business. One last year I logged in to make a withdrawal and found out that my account had been suspended. This action made no sense because throughout the months I ve withdrawn very small sums of money earn and now they're saying that they can't verify my account which makes not a bit of sense. If others are involved in this scam please reach out that we can for a class action against bad practices taking place.Review from brandon s
1 star10/07/2024
worst placed to invest been waiting a year to get my $$$ out and still nothingReview from Wayne B
1 star09/26/2024
I havr the same issues as others have described a total waste of time and money * and very confusing app just constantly losing money on units ?? And added costs repairs and other fees * after over 3 years with no help at all from Landa please stay clear from Landa !!!! A horrible experience **Review from RODNEY B
1 star09/16/2024
" DO NOT INVEST IN THIS COMPANY" " THEY NEVER WILL RETUR YOUR MONEY" YOU MUST FILE A COMPLAIN WITH THE SECURITY EXCHANGE COMISION AS I DID TODAY" I HAVE ABOUT A YEAR AND A HALF TRYING TO GET MY MONEY BACK.Review from Brock B
1 star08/26/2024
I have been trying to get my money out of landa for over a year now. The stock shares sold remains the same. I think they are just trying to not pay my money. I need helpp.Review from Chiquita D
1 star08/15/2024
This company is not truthful. I was served paperwork from a lawyer with a notice to vacate premises due to non-payment. I found out the house was foreclosed and sold on June 4th at the courthouse. The lawyer told me I was the FOURTH person to call that was a tenant with Landa. Obviously they were not paying the bills. I was not informed that the house was actively in foreclosure nor was I ever late paying the rent despite the $500 increase. I had lived at the address almost 4 years. I have emailed numerous times about getting my deposit refunded and I am getting the run around. It seems legal action has to be taken at this point. There is no one to call. All communication is via email. This is ridiculous and greedy behavior.Review from Lastacia G
1 star07/19/2024
I rented through landa for almost 2 years. The rental was put into foreclosure and landa did not give me a heads up. They stopped owing the home on June 4th, but I paid my rent for ***** I have asked for my deposit back plus June rent. I still have yet to get my funds returned. They do not have a phone number you can call to speak to management. You can only talk to them through email. I will now have to speak with a a lawyer because thats the only way I may get my money back. This has been a complete nightmare dealing with this company.Review from Daniel T
1 star07/10/2024
**************** no longer responds. They take your money and I have at least 1 property that has not had any return. Glitch with app, where I cant view that property. Theres been no financial records provided for 2023 or 2024 also. I want all of my money back thats been invested.Landa Response
08/20/2024
Hi ******,
We apologize for not meeting your communication expectations and for the delays in updates. Your feedback is important, and we take it seriously.
The app issue causing crashes when viewing a property has been resolved. We also have a web platform available if you encounter issues with the mobile app.
For tax documents, you may receive them if you earned more than $10 in dividends from any property and sold shares in the previous calendar year.
To withdraw your investment, you must first sell all shares within the app and then withdraw your funds from your Landa account. Please note that shares in IPO-stage properties cannot be traded until all available shares are sold.
Our offering circular and product information provide complete details regarding our offerings. We encourage you to review these materials to understand the terms and conditions of your investments.
We hold all feedback in high regard and are dedicated to maintaining the trust and satisfaction of our valued customers. We sincerely apologize for any disruptions this situation may have presented.
Sincerely,
The Landa TeamReview from Brenden M
1 star06/26/2024
This app should have a lawsuit coming at them soon for the way they lie and steal from individuals. Please be advised, any money you deposit into this app YOU WILL NEVER SEE AGAIN. They will NEVER let you withdrawal funds. I have had 1 pending withdrawal for $8.51 for over 90 days now and they STILL have not approved it. Unless you plan to literally never see your money again and not even be able to withdrawal your dividends - dont waist your money, time, or efforts with this disgraceful app. Even bbb.org gives them 1 star, a B rating, and wont even accredit them because Landa is poised to be a legitimate Ponzi scheme.Landa Response
08/20/2024
Dear *******,
We confirmed that you were able to cancel your initial withdrawal, and it was then reprocessed and completed within the normal timeframe.
We value your feedback and are committed to maintaining the trust and satisfaction of our customers. Thank you for your understanding.
Sincerely,
The Landa Team
Customer Review Rating
Average of 15 Customer Reviews
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