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Updated about 5 years ago,

User Stats

98
Posts
73
Votes
Charles Simon
  • Investor
  • Huntington Beach, Fountain Valley
73
Votes |
98
Posts

How to fire a property manager?

Charles Simon
  • Investor
  • Huntington Beach, Fountain Valley
Posted

Used the listing agent as my purchase agent and then as the property manager. Thought I would keep it simple but...

Here are the facts:

Closed a triplex in NW Indiana late October 2019. 2 units are already rented out and one vacant.

Seller had rent back for 15 days

Here are some of my issues

1) After closing the seller had 15 days of free rent back and in contract for $100 per day after that. Seller stayed an additional 15 days and he told me I was out of luck because we did not hold back money in escrow. No help (more of a buyer agent issue)

2) We closed in October and signed property management agreement at that time but he did not engage with the tenants until after the seller collected and kept (stole) November rents $1465. He told me he could go to small clams court but has not done anything about it. He takes no responsibility.

3) Seller left a gigantic mess in the property. I had to orchestrate the clean out and painting of the property but still needs a deep cleaning. I is January and I still have a vacant property.

4)I have not seen any money or account balance or anything dealing with finances. He said he just switched to an online platform and should have us on an account soon.

5) He is a busy salesman and I have a hard time reaching him through text, phone or email

I am sure I made some mistakes but come on. There are some other things but this is getting long

We have a contract but I have lost confidence. What advice do you have for me? So far with expenses and delays I am out almost $6k.

Thanks,

Charles

Also, I live in California otherwise I would have done everything myself.

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