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Updated over 8 years ago,
Previous Owner Keeping Money?
Hi all,
Just closed on my first multifamily on Sept 6th. With rent already collected for the month of September, I was expecting 80% of that rent being sent to me (24/30 = 0.8). Having just received that check I come to find that all these extra fees have been deducted from the rent.
Total Sept rent: $1675
Fees from rent:
Eviction court fees: $480
Management company fees: $120
Terminix, beehive: $189
Energy bill: $153
6 days rent: $334.98
Total: $1276.98
Total rent due to new owner: $398.02
I did not keep on the management company at the time of closing. So correct me if I'm wrong, but aren't all bills that occurred prior to the 6th not my problem and they shouldn't be deducted?
Thanks,
Nate