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Updated over 5 years ago,
Previous Management Company Trying to Keep Rents
Just bought a small (28 unit) apartment complex. The previous owner was using a management company as they were out of state. The closing happened 4/26 at which time I distributed flyers to all tenants telling them of the change and where and how to pay. Several of the tenants paid or had already paid the management company for May. When I went to collect the check from the company, the lady said she was going to take her 10% fee out, I didn’t take the check. I said you shouldn’t have taken the money, you had no right, she knew a change in ownership was happening. Also, she has not performed any managerial work and it’s only the 15th. My question is, do I actually owe her anything, should I take her to court? Has this happened to anyone else? What did/ would you do? Thanks!