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Updated almost 7 years ago on . Most recent reply

User Stats

4
Posts
2
Votes
Jing Qian
  • Frederick, MD
2
Votes |
4
Posts

Property management help needed!

Jing Qian
  • Frederick, MD
Posted

Hello BP!

I'm a new investor and I just got my first turnkey rental property! This is obviously a very big deal to me and I'd love to make it work!

However, my current property management company is horrible! They were the ones who sold me the property so I figured they'd know what they're doing. Big mistake!

They have not paid me in over 7 months!! They do not communicate anything with me! When I contact them to ask about what's going on with the property, I always get some nonsensical response. 

My questions are:

1) what options do I have? And 

2) what is a good property management company that someone could recommend to me. My property is in Hagerstown, md.

Thanks all for your time!

JQ 

Most Popular Reply

User Stats

170
Posts
93
Votes
Bill Kenny
  • Lender
  • Martinsburg, WV
93
Votes |
170
Posts
Bill Kenny
  • Lender
  • Martinsburg, WV
Replied

I've heard this to many times... and it really comes down to what you will allow to happen in YOUR BUSINESS (your minimum standards) is about what you can expect to receive. If you don't treat this as a business every Tom, Dick and Harry will keep taking and taking and taking. I would hope that your contract with the PM has been broken by their horrible performance and at the very least you have broken contract. I mange all my own properties but I don't allow any tenant to go 2 months in the hole without filing eviction paperwork. I knew a out of town investor in a different area that the PM was saying the building was vacant and all the while collecting and pocketing the rents. If I were you, I would get personally involved asap. In Hagerstown I recommend Ridgecrest and Synergy. Only because I have clients and friends who used them. Ridgecrest will not mange in some areas. Take back your business!

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