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Updated over 1 year ago,

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6
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0
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Frank Sparacino
  • NEPA PA Mountains north
0
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6
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Help finding COMMERCIAL property management near ATL., South metro

Frank Sparacino
  • NEPA PA Mountains north
Posted

In trying to be short, we've experienced FIVE defaults over last 3 yrs., 2 r recent. This is due to PM poor attention to details. But, they won't admit this & count on owners to ‘suck it up' & lose $$. I mentioned E&O insurance… they don't have it. We are out @ $50k in cash flow. They also wouldn't file a lien or file to evict. Also, did not verify one of the tenants. Allowed both arrears to escalate.

Anyway, we are 8 miles south of ATL. Property is on solid footing (esp. if we don't have more defaults). Small retail CRE, 89% occ., 1 vacancy (5/23). There are MANY residential PM's. But, retail cre seems scant. I've contacted 20 PM's & no callbacks.

More property details available.

Thnx!