Property Manager

[Account Closed]

Hi All,

I purchased a buy and hold property and effective June 1 have a tenant in place. I also enlisted the services of a PM. Monthly, statements are due no later than the 15th as advised in the agreement. Friday the 18th, I followed up with the PM as I did not receive statements but also had zero feedback. I was told they are running behind and would try and furnish the statements Monday the 21st.  They did not provide on Monday and have not responded to any of my emails last the week.  It is now the 28th, almost August and I have not received June statements and rent or any explanation. Any thoughts or suggestions on how to handle a situation like this? Is this typical? Any regulations around when PM are due to provide statements? Not the best way to start off I feel.

Thanks,

Marcell