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Updated over 5 years ago on . Most recent reply

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3
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1
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Loren Zook
1
Votes |
3
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Property management complaint

Loren Zook
Posted

Hello everyone, I’m wondering what you think about something that came up recently. I own several rental properties that are being managed by a property management/real estate company. Recently, one of my tenants decided not to renew their lease. Soon after that, the property manager found another tenant which is great. I signed the new agreement probably two weeks ago or so. During that time, I discussed necessary repairs to the property with PM and all that they said I needed to do was carpet replacement and a small tree removal. So I went ahead and signed the new lease agreement. Now several days ago, after the lease was signed, PM sends me an estimate of additional repairs they want me to take care of including painting the entire interior, refinishing deck boards and painting exterior soffit. The extra repairs will be over $5,000. They are saying I must take care of this before the new tenants move in. My complaint is that they waited to tell me until after I signed the lease which Is forcing me to pay several thousand for someone else to take care of everything as opposed to doing them myself (i have always preferred doing most of the cosmetic repairs on my own anyways as I enjoy it and it saves money). Do I have any other options than to go through with this?  Is this normal with property managers?  I’ve owned at least one rental for over 15 years and never had this happen before 

Most Popular Reply

User Stats

47
Posts
13
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Shane Avila
  • Investor
  • Merced, CA
13
Votes |
47
Posts
Shane Avila
  • Investor
  • Merced, CA
Replied

If the lease agreement is signed and it doesn't state these items will be addressed I don't see how the PM or tenant can force you to do anything.  Then again, if it needs to be done, maybe request a couple of other bids to save some money.  

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