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Updated over 1 year ago on . Most recent reply

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Karen Durfee
  • Real Estate Investor
  • Turlock, CA
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Property Mgmt Co filed Chapter 7 Bankruptcy - What to do now?

Karen Durfee
  • Real Estate Investor
  • Turlock, CA
Posted

My property management company filed Chapter 7 Bankruptcy and I cannot reach them.  I'm sure many of you from Warren, Michigan have heard of them. They are Autumn Property Management Co, aka ProWay Property Management Co and Strategy Propertty Management Co.  They have been horrible and I need to find a new property manager.  Anyone have some good recommendations?  Also, since I was notified of their Bankruptcy claim, do I still need to adhere to their 60 days notice to terminate the contract?  (Actually, I didn't sign a reacent PMA contract with them since the last ones just auto-renewed.)

I may also need a real estate lawyer there if I need to get out of my contract. I'm taking recommendations for them as well, in the Warren, Michigan area.

Thank you.

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Bob Stevens
  • Real Estate Consultant
  • Cleveland
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Bob Stevens
  • Real Estate Consultant
  • Cleveland
Replied
Quote from @Karen Durfee:

My property management company filed Chapter 7 Bankruptcy and I cannot reach them.  I'm sure many of you from Warren, Michigan have heard of them. They are Autumn Property Management Co, aka ProWay Property Management Co and Strategy Propertty Management Co.  They have been horrible and I need to find a new property manager.  Anyone have some good recommendations?  Also, since I was notified of their Bankruptcy claim, do I still need to adhere to their 60 days notice to terminate the contract?  (Actually, I didn't sign a reacent PMA contract with them since the last ones just auto-renewed.)

I may also need a real estate lawyer there if I need to get out of my contract. I'm taking recommendations for them as well, in the Warren, Michigan area.

Thank you.

You are overthinking it. simply hire a new one.  YES that simple. Call the tenants , let them know you are hiring a new one. In the mean time pay me the rent, 

Good luck 

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