Skip to content
×
Pro Members Get Full Access
Succeed in real estate investing with proven toolkits that have helped thousands of aspiring and existing investors achieve financial freedom.
$0 TODAY
$32.50/month, billed annually after your 7-day trial.
Cancel anytime
Find the right properties and ace your analysis
Market Finder with key investor metrics for all US markets, plus a list of recommended markets.
Deal Finder with investor-focused filters and notifications for new properties
Unlimited access to 9+ rental analysis calculators and rent estimator tools
Off-market deal finding software from Invelo ($638 value)
Supercharge your network
Pro profile badge
Pro exclusive community forums and threads
Build your landlord command center
All-in-one property management software from RentRedi ($240 value)
Portfolio monitoring and accounting from Stessa
Lawyer-approved lease agreement packages for all 50-states ($4,950 value) *annual subscribers only
Shortcut the learning curve
Live Q&A sessions with experts
Webinar replay archive
50% off investing courses ($290 value)
Already a Pro Member? Sign in here
Managing Your Property

User Stats

1
Posts
0
Votes
J Case
0
Votes |
1
Posts

Pm charging tenets, but not giving me anything

J Case
Posted Jun 19 2024, 09:19

I have a house in BA being rented out,  to price is a set amount and that's what they shown in disbursement to me, however I got a copy on the current leasing agreement with the tenets and found it that they are charging tenets an additional fee for the appliances I provided,  as well as the pet fee,  both of which they are keeping, and if an appliance breaks or carpets are damaged,  i have to replace them... is this legal?

User Stats

71
Posts
46
Votes
Christian Styles
Agent
  • Specialist
  • Cleveland, OH
46
Votes |
71
Posts
Christian Styles
Agent
  • Specialist
  • Cleveland, OH
Replied Jun 19 2024, 09:28

Hey J, Obviously sounds fishy but may be allowed in your PM agreement. Happy to look it over for you if you want to send it over.

Regarding the legality of it, you'll need to consult a local real estate attorney unfortunately 

User Stats

8,217
Posts
4,258
Votes
Colleen F.
Pro Member
  • Investor
  • Narragansett, RI
4,258
Votes |
8,217
Posts
Colleen F.
Pro Member
  • Investor
  • Narragansett, RI
Replied Jun 21 2024, 05:20

@J Case  those fees sound wrong.  Late fees are often kept by the PM  but I have never heard of an appliance fee when the appliances aren't rented. And why would a pet fee go to the PM. Read your agreement with the PM.  If this is the kind of business they run I would not want to continue with them. 

BiggerPockets logo
BiggerPockets
|
Sponsored
Find an investor-friendly agent in your market TODAY Get matched with our network of trusted, local, investor friendly agents in under 2 minutes

User Stats

13,940
Posts
10,636
Votes
Theresa Harris
Pro Member
#2 General Landlording & Rental Properties Contributor
10,636
Votes |
13,940
Posts
Theresa Harris
Pro Member
#2 General Landlording & Rental Properties Contributor
Replied Jun 21 2024, 05:31

My PM charges a pet fee that they keep, but they also guarantee if the pet causes damage (and the deposit doesn't cover it), that they will fix it.  As for renting YOUR appliances to the tenants, that is plain wrong.  If the appliances are included, that is part of the rent.  I'd have a chat with your PM.

User Stats

1,243
Posts
642
Votes
Adam Bartomeo
Property Manager
Pro Member
#5 Managing Your Property Contributor
  • Real Estate Broker
  • Cape Coral, FL
642
Votes |
1,243
Posts
Adam Bartomeo
Property Manager
Pro Member
#5 Managing Your Property Contributor
  • Real Estate Broker
  • Cape Coral, FL
Replied Jun 21 2024, 12:05

Both parts sounds strange but it will depend on what your agreement says. We have considered renting washers and dryers to our tenants when the owner doesn’t want to provide them. If we did this than we would own the appliances and therefore would not share the rent with the owner.

User Stats

465
Posts
609
Votes
Eric Gerakos
  • Investor
  • Costa Mesa, CA
609
Votes |
465
Posts
Eric Gerakos
  • Investor
  • Costa Mesa, CA
Replied Jun 21 2024, 13:31

Your PM is charging tenets? He should be charging the tenants. Problem solved.

User Stats

26,222
Posts
38,791
Votes
Nathan Gesner
Agent
  • Real Estate Broker
  • Cody, WY
38,791
Votes |
26,222
Posts
Nathan Gesner
Agent
  • Real Estate Broker
  • Cody, WY
ModeratorReplied Jun 22 2024, 05:18
Quote from @J Case:

The PM is supposed to disclose all fees charged to you; they typically don't have to tell you what they are charging other people.

However, you may have a legitimate complaint if they charge the tenant extra for appliances when they belong to you.

My suggestion? Talk to the property manager! I know it's a radical idea, but talking directly to the person you have questions about is the best way to get answers. The rest of us can only speculate based on your limited information. Go to the source and I bet you get the answer quickly.


  • Property Manager Wyoming (#12599)

American West Realty & Management Logo

User Stats

3,612
Posts
1,985
Votes
Michael Smythe
Property Manager
  • Property Manager
  • Metro Detroit
1,985
Votes |
3,612
Posts
Michael Smythe
Property Manager
  • Property Manager
  • Metro Detroit
Replied Jun 22 2024, 07:35

@J Case why are you jumping to conclusions without verifying?

Are you sure the Appliance Fee isn't a fee for a utility company program that repairs them?

What has your PMC said about these?