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 7 years ago,

User Stats

141
Posts
83
Votes
John Franczyk
Pro Member
  • Wholesaler
  • Racine, WI
83
Votes |
141
Posts

A Story of How Property Managers Can Screw Up

John Franczyk
Pro Member
  • Wholesaler
  • Racine, WI
Posted

My son recently moved out of an apartment in a 40-unit building. His rent was $639/month, but for reasons we never understood, his security deposit was $538. He just received a security deposit refund check from the manager for $589, with an accounting showing that his security deposit was $639 and that the manager withheld $50 as a cleaning fee. He netted $51 to the good. The management company that returned this fee manages several hundred units around the city my son lives in. The moral of the story is to pay attention to what your management company is doing. 

  • John Franczyk
  • Loading replies...