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Updated almost 5 years ago,

User Stats

64
Posts
46
Votes
David Jay
  • Investor
  • Reno, NV
46
Votes |
64
Posts

Prop. Man. request we pay his fees even if tenants don't pay rent

David Jay
  • Investor
  • Reno, NV
Posted

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?

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