General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 18 years ago,
Problems with management company. NEED HELP!
Hi. I'm having serious problems and need help. I've got a few properties out of state which are being operated by a management company. Here are some of the problems:
1 - My contract with the manager states that they can't spend more then $100 on repairs/expenses without my permission. I just got an invoice for the last month with 6 items costing over $100 - some up to $250. I'm livid. I've spoken to them in the past regarding this and they promised to contact me in writing or by phone anytime there was an issue that cost more then the $100. They have not attempted to contact me about any of these problems.
They've violated our contract. I wouldn't have necessairly approved these repairs and they had no right to spend this money on my behalf. What should I do? Should I get a lawyer? Can I get damages? Should I call them and confront them?
GET THIS: One of the charges was for $165 to remove vines from a sidewalk.
2 - Less important - they have been terrible at finding tenants for my properties. I've had vacancies for months now, and they can't get me a tenant. In addition, they are advertising in some magazine without asking me. They are spending $100 for every 3 weeks worth of ads. Up to now they had been advertising in the paper for much less. Either way, they are still not filling the empty units.
Sadly, this is one of the best rated companies in the area and comes recommended.
I need help. Please give me some advice.