Skip to content
×
PRO
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
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
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 over 8 years ago,

User Stats

138
Posts
71
Votes
Pearce G.
  • Investor
  • Hendersonville, NC
71
Votes |
138
Posts

Need some advice...quickly

Pearce G.
  • Investor
  • Hendersonville, NC
Posted

What do you do as a landlord when your PM won't provide a copy of the fully executed lease?

Here's the situation.  My first rental property.  My PM was highly recommended by my realtor, and for the most part, she has been satisfactory during a cosmetic rehab.  Ten days ago, however, I was getting impatient with how long it was taking to get it rented.  She even declined to give me a progress report, because she didn’t want to jinx herself.  I interviewed a backup PM, just in case, and was on my way to meet him at the property, but when I got there, I realized someone was in the process of moving in.

I texted my PM:  Is it rented?

PM:  Yes, I was going to surprise you.

Me: OK, great, send me a copy of the lease.  

PM:  Scanner is broken.  Will have to snail mail it.

Six days later…no lease.

Me:  Where is the lease?

PM:  Oh, sorry.  I forgot.  I’ll email it now.  

So she emailed the lease TEMPLATE.  It has names and amounts filled in, but no signatures.

Me:  I want the SIGNED lease.  And I want proof of security deposit.  And tenant background info.  And full accounting of rehab expenses.

Three more days…nothing.

Me:  Where is the lease?  

PM:  Scanner is not working.  Will have to mail it.

Me:  %#$@*&!!!!!

=======

I will talk to her this evening after she gets off work.  Whether she is just sloppy, spread to thin, or doing something more sinister, I don't know.  I just know I need to change property managers. 

So how do I sign on a new PM when I can't yet provide him with a copy of the fully executed lease?

Loading replies...