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Updated almost 6 years ago,

User Stats

3
Posts
0
Votes
Krishna Raghavulu
  • Investor
  • Concord, NC
0
Votes |
3
Posts

Fraudulent transactions on rent collection

Krishna Raghavulu
  • Investor
  • Concord, NC
Posted

My property Management company collected rent from a tenant through a credit card for over 3 months after which they found out that the credit card  was a stolen one and hence they had to refund the money to the bank for the fraudulent transactions. Now my property management company is asking me to pay back the 3 months of fraudulent transactions money back. They are now evicting the tenant which will result in another 3 months of rent loss, resulting in more than 6 months rent loss for me. I am not happy that my Property management company accepted the payment through credit card and that I have to incur the loss now. Is there any option to minimize my losses here? Am I supposed to refund the money to the property management company? 

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