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Updated about 1 month ago on . Most recent reply

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84
Posts
19
Votes
Sam Zawatsky
19
Votes |
84
Posts

Property manager is now c/o on tax bill

Sam Zawatsky
Posted

So, I have put a new property manager in place over one of my rentals. This property management company is one of the largest in the area and seems to have a long standing and good reputation. I noticed today, however, that they have somehow changed my tax bill for the year that I started working with them, 2024, to include my name on the first line as owner, but then their name right under that with c/o before it. And their address is now the address that the physical bill would be sent to. This is new to me, and I wanted to ask some opinions on this. Any thoughts? 

Most Popular Reply

User Stats

10
Posts
9
Votes
Dan Baldini
  • Property Manager
  • Indianapolis, IN
9
Votes |
10
Posts
Dan Baldini
  • Property Manager
  • Indianapolis, IN
Replied

Double check your PMA as this may be a requirement to ensure the PM company is aware of your current status and you are not in default.  In other words, it could be a risk mitigation strategy they have in place as an early alert against bad landlords who don't like to pay their property tax bills.  Not saying you're a bad landlord, but they are out there and it puts the PM company in a nasty situation when the landlord doesn't keep the property taxes current, just like when the landlord doesn't keep the mortgage payments current.

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Polaris Property Management
4.2 stars
77 Reviews

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