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Updated almost 5 years ago, 12/24/2019
New OOS Owner - I Think I Need to Fire my Property Manager?
Good day BP community!
I purchased my first investment property, a duplex in Indianapolis, on the 1st of October. I bought it post-renovation, so the place was move-in ready at close. I had a property manager lined up at closing and they setup some website pages for me (Trello & Buildium). But then a couple weeks went by and the property manager called me to ask if the place was ready. I told him yes and swallowed my frustration that we had wasted a couple of weeks just letting the place sit empty. At the end of October I got an email from the title company stating that they still had the keys! Since then the property manager has put a lockbox on the house (I believe) and that's it. No listings, no pictures. Worse, they've stopped responding to my emails; I haven't heard from them since the 13th.
I don't have a signed contract or anything other firm agreement in place, but I want to make sure that I am protecting myself when replacing property management companies. Any advice or property management recommendations are greatly welcomed. Thank you for taking the time, have a wonderful holiday season!!!