Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Off Topic
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago on . Most recent reply

User Stats

27
Posts
5
Votes
Jaydin Perez
  • New to Real Estate
  • Fort Walton Beach, FL
5
Votes |
27
Posts

Missing Rent and Still not Paid! : Property Management Issue

Jaydin Perez
  • New to Real Estate
  • Fort Walton Beach, FL
Posted

Hello Everyone,

For the month of July and now August I have been having a problem not receiving the rent for the month of July. After waiting the usual few days for the deposit to be made in the bank account I noticed I have yet to receive the funds. I immediately reached out to the online management system and told them the issue. They were very quick with replying and told me at least 2 or 3 times on separate occasions to wait it out as this is not uncommon. After more than a week goes by I reach out again and eventually find out the system they use had our deposits disabled due to a failed deposit the previous month. I was never notified it was turned off. They were able to reach out to them and have it turned back on and gave us the 1-2 business days to receive the funds. This was 2 weeks ago. I have still yet to receive the rent for July and now are awaiting the rent of August. 

This would be the first issue I have had with this management system. Overall it has been running smoothly, though I am unsure if I should drop them or continue using them.  Would I have the option to take legal action or just not bother with it and wait for the money to deposit? Has anyone had a similar experience with this?

Thank you all!

  • Jaydin Perez
  • Loading replies...