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Updated almost 5 years ago,
Prop. Man. request we pay his fees even if tenants don't pay rent
I just got a letter from my property manager who manages eight single family properties that I own. He is requesting that all owners pay the full fee they would normally pay even if the tenants don't pay rent. Our state (NV) like many have a ban on evictions and late fees due to the Covid pandemic. I think he is afraid that so many tenants will not pay that he is at risk of his business going under. He is the only property manager I have used and he has been managing my properties for nine years. I have been very happy with the job he has done. But I don't think this request is fair. What it is trying to achieve is that he will go on with his income stream intact while the rest of us take a hit. Additionally, since I own single family and many of his tenants own apartments and the fees are a percent of rent, my fees per unit are already double what many pay and I suspect my tenants are a lot less work (always pay on time and turnover is low.) Obviously now is not a good time to shop for a new property manager. What are your thoughts and how would you respond?