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Updated almost 4 years ago,

User Stats

63
Posts
3
Votes
Constantia Petrou
  • Investor
  • Burlingame, CA
3
Votes |
63
Posts

Lease closing with PM

Constantia Petrou
  • Investor
  • Burlingame, CA
Posted

Hi everyone,

this is the first time I hired a property manager to handle renting my property. He found a qualified tenant whom I approved and sent the lease out to them for signatures on Monday morning. On Tuesday they came back with questions about neighbors' trucks parked on the street and an ADU that will be constructed next door. We did disclose ADU construction about to begin and the neighbors own 2 gardening trucks that they park in their driveway and sometimes on the street. I gave the pm information on both their questions to pass on to them. It is now Wednesday and have not heard back from them- no signed lease yet. I think they are getting cold feet. When I managed the property on my own I closed within 48 hours of offering the property. The pm does not seem to follow the same timeline on closing. He took the property off the market while we are waiting for prospects to sign so we are not generating any more options in case this falls through (when I managed I kept the ads on until close). Any feedback on how to manage lease closing with the pm and with prospects who appear to be getting cold feet would be appreciated. Thanks

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