Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Multi-Family and Apartment Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago,

User Stats

67
Posts
50
Votes
Keivan Darius
  • Marietta, GA
50
Votes |
67
Posts

Appfolio Should Connect to your account and NOT Property Manager

Keivan Darius
  • Marietta, GA
Posted

Hi bp, I'm in the process of replacing our PM for our 30 Units Apartment complex.  Our current PM is making the Transition very difficult by holding the money in their account. There are 2 issues I'm hoping to resolve after we switch to the new PM: 

1) Having full control over the money being deposited by our Tenants 

2) Avoid any data manipulation in the PM software so we always know exactly how much was deposited by the tenant. 

In order to achieve that I have to ask the New PM to connect their appfolio software to our account vs opening up a new account (which we won't have direct access to). I want to first make sure it's possible before asking them to do that. Our current PM opened a new account with their name, had all money be deposited to that account and after paying themselves and the bills they disturbed the rest of the Money to us. This became a big problem, 1) we found out that during an audit that the money reported in their software doesn't match what was deposited by the tenants, so they were manipulating the data before we saw it in the software. 2) Now that we are switching to a new PM it has been struggle to get our Money out of their account.  Any suggestion would greatly be appreciated. We are still finalizing the negotiation with the new PM, so once we agreed on the logistic I want to ask them to not open a new account and connect their app-folio to our account so we would have control over the money.

Loading replies...