Need Help - Insane situation

[Alex SImon]

So for the past year or so I've owned two properties in Philly and they were going along pretty well with a few little hiccups here and there.  Now all of a sudden, two of the three units stopped paying and the other just up and left without notice.  My property manager has started eviction on the two non-paying tenants, but honestly I can't shake the idea that all of this happening at once was not a coincidence.  Something is seriously wrong with this picture and I have no idea how to find out what it is.  I'm a newbie, and until this very moment I had no idea just how inexperienced I was.  Part of me thinks this is somehow an intentional move by my property manager, though I can't think of any conceivable motive for such a thing.

So I have no idea how to proceed here, and I would really appreciate some advice from any experienced landlords on the matter.  I'm on the other side of the planet from my properties and I never thought I'd be dealing with evictions so soon, let alone two at once!  Do I just let the manager do their jobs (assuming that I'm just being paranoid and they *aren't* setting out to ruin me)?  Do I try to contact the non-paying tenants to find out more information?  Anyone know anything that could be useful here?

[Brandon Diaz]

Hey bud,

First off, we all have felt something like this at some point in our investments. "It" happens... what is "it"? EVERYTHING happens. 

Could your property manager be a part blah blah? maybe, maybe not, maybe yes. Who knows? Fire him. If they placed them in the property and told you they were good and they were not. It is unfortunate for them as well. Read your contract see what it says with this type of stuff. Hold them accountable. They represent you. 

Next, grab a phone book and start making phone calls to other property managers (Friends or anyone also that will help out. Let them know you remember favors like this and mean it) and let them know you have business and are looking for someone that wants it. Do you good and you will do them good. 

Hell, do some research and see if there is a realtor that knows that area real well (find out if they sold a lot in that area- zillow lol pops stuff like that up. I hate using zillow for any example lol) and find out if you got a deal enough to just sell right away and get out if you need too. 

Lastly, think of a few people that you can J/V with that may have capital that you guys can work something out. (I think you should treat it as last resort. But, I dont know your finances and giving my honest feedback)

This should be a learning lesson to you that you are under capitalized. I know you are under capitalized because you sound like this situation will cripple you. It wont cripple you. It punches you and hurts and guess what? 6 months down the line something else will happen. If you are under capitalized learn short term strategies so you can make money during times like this.

If you know how to make money. Go hustle your way out of this. You can do it. These things can actually do you good and strengthen you for the better. IF YOU LET IT. 

You got this brother. We all want you to do well.