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Updated over 6 years ago,
Property management fees
hello BP team and investors. I have a question about property management. I have recently purchased a property and went through them for the rehab piece. The rehab was 20K for a duplex. I have yet to receive my first EVER rent check. But i somehow receiving bills from them this bill is for 1600 ish dollars. For example They want me to pay the rent placement fee and i haven’t yet received first months rent. Why won’t they just take t out when the rent is paid. I will try and post the bill up to see if you guys can break it down. They’ve collected half the months rent from the tenant and awaiting the rest from section 8. No tenant has been placed in the other side as of yet. I have a hard time trusting them. I think I’m getting nickeled and dimed. The place should be ready after paying 20K for rehab. However they fixed a leak on a washer dryer connection. The washer and dryer was placed by the tenant. And im being charged 80 dollars for that. Shouldn’t the tenant be charged? Idk sorry for my rant / rambling. I just find it odd first month 1 tenant i have received no rent and i owe them 1600 bucks
Thoughts?