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 over 2 years ago,

User Stats

236
Posts
133
Votes
Manco Snead
  • Investor
  • Spokane, WA
133
Votes |
236
Posts

Conundrum with Payment from Prior PM

Manco Snead
  • Investor
  • Spokane, WA
Posted

Greetings, 

Conundrum here; had a PM for an OOS property for 6 months. In short they were horrible and I lost thousands of dollars because of them, mostly due to a non-paying tenant they never properly dealt with. I terminated my contract with them 2 months ago. At the end of the contract they sent me my final distribution of $1,500, but they accidentally sent it twice. I called, out of my good integrity, to see what was going on with this; they basically said everything is fine. Even though I thought it was likely a mistake I then just kept the money, having made my attempt to be honest.

Two months later they write stating they caught the mistake and they want one of the $1500 amounts back. I'm furious at them for the money loss and headache they caused me and half of me wants to keep the money. The other more honest half, along with fear of reprisal, says just send the $ back.

Do they have any legal recourse if I don't send it back?

Loading replies...