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Updated about 6 years ago on . Most recent reply

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Susan Shen
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7
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Property Management Company steals from you, what can you do?

Susan Shen
Posted

I have been in the rental business for over a year with a PM company in Philadelphia. They have literally stolen thousands of dollars from me, overcharged me hundred of dollars in management fees, refused to disburse collected rents to me. 

I have been talking to them for 4 months now. In one month, they charged back to tenant for $6100 of damages to the apartment. The tenants already moved out, and it is very difficult to collect any of that money from them. So they deducted that money from the rent collected from my account. In addition, they did not have any receipts or invoices on the actual cost of repairing the damages. As I demanded, they fabricated two very crude invoices saying they actually spent that much money cleaning and repairing the apartment. Then the next month, they charged another $4200 for cleaning and turning over a six bedroom apartment.

They just do not acknowledge that they screwed up on the accounting and overcharged me on 3 months' management fees.

Why is it that I am the landlord and I have to beg to get my money from the management company, and they can take and charge whatever to my account as they please? I am at the mercy of these crooks! This is so unfair!

What options do you think I have in order to get the money that belongs to me? Are there any legal actions I can take?

They are currently holding thousands of dollars of security deposit and last month's rent. I am afraid that if I cancel the contract with them, not only will I not be  able to get the overcharges and stolen money back, I won't be able to get these monies they are holding.

What can I do? I am looking for a good attorney, please recommend. 

Thank you

Susan

Thank you so much for your input.

Most Popular Reply

User Stats

625
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601
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Matt P.
  • Investor
  • Columbus, OH
601
Votes |
625
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Matt P.
  • Investor
  • Columbus, OH
Replied
@Susan Shen Name the company!

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