Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Managing Your Property
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 14 days ago,

User Stats

4
Posts
0
Votes
Briar Blake
0
Votes |
4
Posts

Property Managers Violated Contract

Briar Blake
Posted

My contract with my property managers requires my approval for any expense over $500. For the second time, an expense for well over $500 has been payed without my consent. It was in response to a potential emergency situation (ex: a water heater in one of my units was leaking and they paid a little over $2,000 for replacement). I was never even informed of this expense, I just keep a close eye on the ledger which is how I saw the expense. For a little background - I have been taking a big loss on this property for the last year for reasons out of the control of my property managers.
What would you do in this situation? I am going to send an email requesting that I be contacted for these expenses, but is it also fair for me to request reimbursement? Would this make you question your property managers?
Thank you in advance! I am pretty new and I'm trying to learn all I can.

Loading replies...