Property manager not evicting tenant after 5 months of nonpayment

[Arden Aemmer]

Hey guys,

So this past July I bought my second rental property in a low income neigherbood from a cressy and Everett realtor who so happened to be a property manager as well. She managed that property for the previous owner so I hired her on to continue to manage it for me. Fast foward 5 months and I have yet to recieve any income from this property. I remember in the sale mentioning evecting the tenant for property damage to which she agreed and mentioned that they owed the previous owner money still. Over the months I have asked about rent through this process and she said they've made repairs to the damage house and are making progress. Now, I have no basis or proof of this but I'm beginning to feel a little suspicious like maybe she's keeping them there to pay back the previous owner who she still manages property for and has significantly more properties than I do. This doesn't seem usual to me and I don't think she's the type of person to put up with that unless there's some personal benefit. Please give advice, thanks.

[Ke Nan Wang]

sorry this is happening to you but no matter what, the PM is done and needs to be fired. You need to cut loss right now and move on. 

Several way to do this:

1. Find a new property manager, hopefully you've learned your lesson and be able to find a decent one. Depend on the state, the PM can initiate eviction right away. Or you can find a real estate attorney who's specialized in eviction. Once the old tenants are out, go in and make it rental again and reset with the new PM. 

2. Maybe this is a bad deal, the next time a wholesaler contact you, or you find a wholesaler who's willing to purchase the property with tenant in it, take the cash with the loss and move on to something else. Just be wary of wholesalers, it's prefer to have them as end buyers. Some wholesalers also do flips as well. If all they do just take your property and go find other buyers, you probably can get a little better deal with listing it with a real estate agent who's specialized in this type of properties. Needless to say, don't use your current one. 

DM me if you have more specific questions.