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Updated almost 7 years ago on . Most recent reply

User Stats

13
Posts
20
Votes
Sivakumar Ganapathy
  • Fremont, CA
20
Votes |
13
Posts

Nightmare property management company - need advice!

Sivakumar Ganapathy
  • Fremont, CA
Posted

Hello members,

I'm a landlord, dealing with a property management company that can only be considered a 'nightmare'.

In order to cut my story short (unless someone is interesting in hearing me out :) ), I'm now in a situation where they signed a 12-month lease with a tenant with terms that I did not agree to. More specifically, I had asked them to either have the client assume responsibility for water  and sewer (or) increase the rent by $x per month. They did neither and now casually claim that even though it was a mistake on their front, they cannot do anything about it since the lease is a binding contract for its period. This error on their side is going to cost me at least $2k over the course of the year.

I have a trail of everything in email conversations (including a complete list of my troubles with this unprofessional company). Can someone tell me what my options are with respect to the lease, going forward?

1) Is it true that we cannot have the tenant resign the lease with the adjustments? 

2) How do I make the company pay for their mistake, and more importantly for my losses?

Thanks,

Shiv

Most Popular Reply

User Stats

575
Posts
580
Votes
Robert Gilstrap
  • Residential Real Estate Broker
  • Cartersville, GA
580
Votes |
575
Posts
Robert Gilstrap
  • Residential Real Estate Broker
  • Cartersville, GA
Replied

@Sivakumar Ganapathy if you pay $2,000/year for water/sewer then you should be worrying about the utility screwing you more than the PM company! That being said hiring a lawyer is a waste of more time and $$ unless you are going all the way to court and for $2,000 thats a loser I can tell you. Contact the PM company, demand actual remuneration for the actual expense and my guess is they will make it right. If they don't then ask for their E&O insurance info and you just file a claim directly with the carrier, no attorney needed. Then the PM will be forced to deal with it and your problem should solve itself.

  • Robert Gilstrap
  • [email protected]
  • 770-480-7301
  • Loading replies...