Property management company withholding rent

[Angela Rawson]

Our property management company in Philadelphia is withholding our rental income since we gave them notice to terminate our contract. Any ideas of what we can do? We don't live in Philadelphia. 

[Tracy Streich]

That is typically once you give notice. Depending on what they might be paying on your behalf. We put a hold on rental payments anytime someone gives termination notice. It is to make sure all accounts are settled. Vendors offer take a few weeks to submit invoices and utility companies are billing for last months usage. As a property manager you don’t want to get left with the bill and no funds to pay it. You may say you are good for it but there are many owners who are not. It is your money. They are holding it to pay your bills. After all the final billing is reconciled you will get your final payment.