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Updated over 9 years ago on . Most recent reply

User Stats

16
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0
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Holly N.
  • Real Estate Investor
  • Virginia Beach, VA
0
Votes |
16
Posts

My property manager uses her husband to do the repairs on my rentals.

Holly N.
  • Real Estate Investor
  • Virginia Beach, VA
Posted

She says he's one of the only reputable and affordable contractors she can find due to other contractors' lack of follow through, availability to do estimates and lack of quality work in the past. This feels like a conflict of interest. This has been going on for years now. I just feel like I'm being taken advantage of but I live out of state and I really don't know how to regulate this as much as I would like. I realize I need to be a more active investor with my rentals and there are probably some underhanded things happening to me because I live 5 hours away from my rental properties! Please help!

Most Popular Reply

User Stats

249
Posts
81
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Michael R.
  • Rental Property Investor
  • Woodbridge, VA
81
Votes |
249
Posts
Michael R.
  • Rental Property Investor
  • Woodbridge, VA
Replied

You don't trust her.  Otherwise you wouldn't be here posting these statements - and really there is nothing to be ashamed of.  You don't trust her and she is playing a part by not earning your trust; however, aside from all of us knowing this -- have you communicated it to your property manager?  Moving past that, what has triggered this post?  To be honest you know exactly what you're not doing and have acknowledged it. 

     "I realize I need to be a more active investor with my rentals"

Then take action. Start by making a list of things you need to do to be a more active investor. 

     "and there are probably some underhanded things happening to me because I live 5             hours away from my rental properties!"

Why do you say this?

"I know I'm making some fundamental mistakes in being such a passive investor"

      What are you going to do about it?  I think you know what you're going to do....

"and I've let it go on for years now! I have never taken the time to contact my tenants. I was always worried my PM would think I didn't trust her or she would get mad. Please help!!!

     So....stop letting it go on, contact your tenants, and stop thinking you work for your              PM. 

Other than that -- you've ended your last two posts with "Please Help!!".  What kind of help are you looking for?

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