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Updated over 9 years ago on . Most recent reply

User Stats

164
Posts
37
Votes
Peter Grosso
  • Real Estate Agent
  • Farmingville, NY
37
Votes |
164
Posts

Strange way Management company charges me

Peter Grosso
  • Real Estate Agent
  • Farmingville, NY
Posted

Hello All, 

       My management company recently put a new tenant into my rental, They charge the first months rent.   Instead of just taking the first months rent they actually paid me the first months rent, then charging me the 10% management fee and sent me a bill for the full months rent. 

      Anyone else have this done?  If feels like slimy way to pull an extra 10% out of the owner. 

  • Peter Grosso
  • Most Popular Reply

    User Stats

    476
    Posts
    197
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    Kevin Harrison
    • Investor
    • Woodbridge, VA
    197
    Votes |
    476
    Posts
    Kevin Harrison
    • Investor
    • Woodbridge, VA
    Replied

    my property management company does this too. but they just take half a months rent and 10%. although they take what the % would have been at for a full months rent. I think its slimy but its the way the business works.

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