Skip to content
×
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
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
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 6 months ago on . Most recent reply

User Stats

2
Posts
1
Votes
Matthew Nelson
  • Boone, NC
1
Votes |
2
Posts

Prop manager adjusting ledger 18 months later

Matthew Nelson
  • Boone, NC
Posted

Was working with the property management company for two years. Two months ago, I decided to cancel our arrangement with them. I had downloaded all of the ledgers from the online portal .

4 days after the relationship ended we started the process of auditing each property. It comes out that they made adjustments on October 4th, to a few proeprty ledgers  18 months prior (april 2023).

Also they  are trying to claim their 10% fee from the security deposits they are holding for me.

They’re now claiming I owe them money that wasn’t owed, it’s only showing as owed beciase of the ledger adjustment referred to earlier.

This reeks of fraud to me. Knowing this company I can see them doing this. 
It also affects what our proceeds were for that year , so we likely have to file and amended return.

Can there be an arguement of fraud in this type of situation 


Loading replies...