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Updated over 8 years ago on . Most recent reply

User Stats

68
Posts
14
Votes
Karen Young
  • Investor
  • Greenville South Carolina and Lihue, HI
14
Votes |
68
Posts

Tenants' check bounced. Property mgr mishandling?

Karen Young
  • Investor
  • Greenville South Carolina and Lihue, HI
Posted

Tenants' check was returned for NSFs. Property manager said they turned in paperwork to officials that if tenant didn't make the check good within so many days she would be arrested!

In all my reading on BP and numerous books on REI - I've never heard of this approach being used.


Most Popular Reply

User Stats

3,316
Posts
4,459
Votes
Mike Cumbie
Agent
  • REALTOR®
  • Brockport, NY
4,459
Votes |
3,316
Posts
Mike Cumbie
Agent
  • REALTOR®
  • Brockport, NY
ModeratorReplied

@Karen Young,

Wow the only person I could ever imagine doing this is on this site. Everyone else would handle it as their lease says. Essentially there is a bounced check fee of XYZ and the timer is still going on late fees. Then when late issue pay or quit and continue down the road until satisfied. 

In my opinion that is an empty threat from your PM and just makes the whole operation look like a bunch of drama queens. 

Good luck in getting them under control

  • Mike Cumbie

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