HELP!

[Victor Saumarez]

I bought a property two years ago in NC through a turnkey investment operation. They buy, rehab, and sell with tenant in place and then manage the property. Everything went well until September last year, when the rent stopped. It took several calls and emails to get the property manager to respond, which was in December. I sacked them and through a new property manager found out the home was rented to a section 8 tenant and is in a mess. The old property manager has agreed to help with the clearing up but hasn't answered any of my questions as to what happened. They have been so slow at helping, I've had to ask the new property manager to send in his team. I don't know if there is a security deposit, whether any rent is owing to me, and who ultimately is responsible for this. It seems to me the property manager is at least in breach of contract for failing to make every effort to lease the property. If I just let things go, I'm going to be out of pocket as the carpets need replacing, the stove and fridge need to be replaced, the tub and shower might need replacing, and a host of other things, not to mention the rent I'm losing. The difficulty is the property manager avoids answering questions, and just procrastinates. I've been in touch with an attorney who deals in RE, and asked if I have a case for a claim to recover any losses, and am still waiting to hear back. This looks like my only option, but I have no idea whether this is just a small claims issue, or could end up being a legal battle in order to get compensation, and whether that is going to be prohibitively expensive. Advise much appreciated.

[Account Closed]

section 8 has really gone down hill lately..they moved locations and ever since, everything has been a mess...wrong contracts have been sent to me, wrong amounts have been sent to me to sign for, etc. message me the address and I'll take a look and email you photos this week if you want...it's possible the tenant's voucher was up, but from my understanding, the greater possibility is you went into abatement and the PM never fixed what the inspectior requested, so they stopped checks. You should have a copy of the lease from the original PM so call the section 8 office in charlotte and ask to find out what happened is my advice. Also, some insurance policies will cover you when a tenant trashes the place. I don't know if it's worth filing a claim or not--that's for you to decide, but if you're short on cash, this may be an option for you...I"m very curious why the bathtub and shower need to be replaced, if this turnkey operation rehabbed the house?