While the City of Miami doesn't require candidates to file a financial disclosure report as part of their campaign application, the county and the state does, and so when Reiner Diaz de la Portilla filed to run for the County Commission District 5 seat currently held by Eileen "La Gringa" Higgins, this is the financial disclosure report that he filed.

Reiner declared that his net worth was $23,140, and that of the 3 physical items that he considered valuable enough to declare, a $7000 bedroom set topped the list.

A bedroom set, some art work and a couple TV's totalling $12,000, along with another $10,000 in household goods and personal effects represents the sum total of Reiner's accumulation of wealth as a practicing attorney.

That must be a really special bedroom set to merit Reiner listing it as his most expensive possession.

Copyrighted:  2011,2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020

Reiner's brother Alex, now a Miami City Commissioner, also had to file an annual financial disclosure report this year.

Before we get to the specifics of his report, I want to point out that  if you look Reiner's report and Alex report filed on July 1st, both reports show that Alex still claims to be living with his brother Reiner at 1861 NW South River Drive, Apartment 801.

He supposedly moved in with Reiner to qualify as a candidate for the City of Miami's District 1 back in 2018, which was a carpetbagger trick he picked up from his pal Joe Carollo, who pulled the same stunt when he rented a condo in District 3 so as to qualify to run in that District, even though he owned a $2 million dollar home on Coconut Grove - District 2.

This motion is scheduled to be heard on August 11th.

Another questionable claim on his financial disclosure form is the piece of property in the Redlands that Alex claims is worth $402,500.

This was the property that Elaine Del Valle wrote about back in February when a piece of earth moving equipment worth $117,000 was discovered on the property.

The most valuable piece of property - also a property Quit Claimed to him by his mother - is the warehouse in Allapattah that serves as both Alex and Reiner's offices. Alex places a value on that property at, $1,320,000, with a mortgage of $500,000.

In October of 2017, after he had put a mortgage on the property and allegedly used the money to finance his unsuccessful campaign for the State Senate seat,  Diaz de la Portilla was served with a lawsuit for failing to cover the mortgage payments on this property.

In January of 2018, the case was dismissed when it appears a settlement was reached.

When you look at the properties that Alex claims to own, the first one at 1519 SW 19th Street, valued at $580,000 is the house that his parents live in, and that that his mother Quit Claimed over to him before he got in trouble with the city by building a backyard apartment without proper permits.

I wrote about all of that last June, and then in a followup story I wrote about how he had lost the house in a foreclosure court fight.  

In July of 2019, in a last ditch effort to hold on to the house for as long as possible, Ben Kuehne, who was representing him in a case where Diaz de la Portilla was accused of donating $393,000 to his then campaign for a State Senate seat without being able to provide evidence of where the money came from, recommended that Alez hire foreclosure attorney Bruce Jacobs - himself a Kuehne clients in his effort to evade getting disbard for bad mouthing the judges on the 3rd DCA, among other things - YOU CANNOT MAKE THIS SHIT UP.

Diaz de la Portilla did and Jacobs went into court with his usual bag of tricks to hold off a bank from evicting one of his clients for as long as possible, which resulted in the following motion being filed by the attorneys representing the Wells Fargo Bank in this case.

In 2017, when he decided to run for the vacant State Senate seat that opened up when Frank Artilles resigned over the use of racial slurs, Alex had to file a financial disclosure report as part of his candidate application.

You will notice that in both reports he claims to own the same properties, valued at the same prices, and that in 2017, he claimed to have earned $95,000 from his political consulting company First Stone Management LLC, while in 2019, he claimed the company as a $200,000 asset.

As of today, Alex Diaz de la Portilla does not own the property at 1519 SW 19th Avenue. He signed it over to the Wells Fargo Bank

The fact that he signed over the property, and that Wells Fargo Bank is poised next month to force Diaz de la Portilla to end his stalling tactics, he none the less claims in his latest financial report that he owes them $636,000.00, even though in the above court order it states that the mortgage owed on the house was $359,798.96.

What's most interesting is that with all of the middle to high six and seven figure amounts of money that Alex Diaz de la Portilla claims to either owe, or be worth, his 2018 IRS Tax return claims that he had an adjusted gross income of $42,519.

https://www.crespogramnews.com/july-14th---the-diaz-de-la-portilla-finance-reports.html