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.
General Landlording & Rental Properties
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 almost 3 years ago,

User Stats

11
Posts
2
Votes
Bruno Almeida
  • Realtor
  • Port St Lucie, Fl
2
Votes |
11
Posts

Long distance property management issues - need advice

Bruno Almeida
  • Realtor
  • Port St Lucie, Fl
Posted

What's up BP fam ! Hopefully someone can point me in the right direction. 

Last November, I purchased a rental property out of state with the intention of having a property manager handle everything for me. The house was recently renovated so there were no major issues. I signed with a property manager referred to me by the agent I was working with and everything was going great. The pm got a tenant in place for me and started collecting rent. My BP- cash flowing rental property dream had finally come true ha ! but as expected things don't always go according to plan. It's been a few months now and the pm has brought up so many issues from the tenant like a door knob replacement and window/fixtures that needed to be fixed etc, things all of sudden keep breaking and my profits are getting eaten up quickly. I also don't like the fact that the rent is deposited into the pm's account and then what's left over gets sent to me. What can I do to get the rent's deposited to me directly and then pay my pm myself ? I also want to know what can I do to make sure that the pm is in fact fixing these issues and not just making them up to increase their profits. I hate to sound skeptical but something isn't adding up. I appreciate any advice or best practices to make sure the flow of cash keeps coming my way ! Thanks BP ! 
 

Loading replies...