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Updated about 10 years ago,

User Stats

13
Posts
1
Votes
Rufus Brown
  • Investor
  • Waldorf, MD
1
Votes |
13
Posts

Property manager debt

Rufus Brown
  • Investor
  • Waldorf, MD
Posted
I own a condo in Tallahassee and the property management company (PM1) for the building, had an ownership split. The other owner created another company, which I will call PM2. The split happen in August 2014, so all owner agreement with PM1also ended and had option to sign a new agreement with PM2. My unit was occupied by an employee of PM1 before the agreement termination in August. PM1 provided a 30% rent concession for full time employee's living at their rental properties. I'm seeking guidance on how to collect the unpaid portion from PM1. All funds associated with my account with PM1 were to be transferred to PM2. Research determined that PM1 did not pay their rent concession for their FTE portion between May-July. I also provided PM1 monthly statement that indicated their unpaid portion of the months in question. I've spoken with the owner of PM1 and their unwilling pay the past due. I have not signed any agreement releasing PM1 of any past due amounts. But in seeking guidance on the best way to handle the collections from PM1 since their claims is that they have transferred all funds to PM2 but research disclosed something to the contrary.

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