Am I Getting Ripped Off on Apartment Shares Disbursement

[Jason Wutzke]

My father has a share in an apartment complex in Lompoc California. They estimated the value in 2008 at $42 million in which he owns 1.231%. Over the last almost 10 years his disbursements have primarily remained the same even though rents have gone up considerably and the payments have slowly started to get later and later in the month. Now they seem to be almost a month behind.

He is trying to see if anything fishy has been going on and what could be done about it. Basically he wants to get out, get anything owed if possible and sell off his portion. I would like to know what his options are and what may be the best way to proceed.  Any assistance would be greatly appreciated! Thank you!