ABC Capital not transferring rent (Philadelphia, PA)

[Catherine Stevenson]

I'm asking for any advice on an issue with ABC Capital in Philadelphia, PA. I am dealing with four properties with them as I have financial power of attorney for my ill father, who owns them (so this is all quite new to me). They haven't paid rent to our account for 5 months this year and keep saying they will address it. They did not provide 1099 tax forms for some of our properties either. Now they simply do not answer emails or calls - I have emailed and called our property manager, the CEO - Jay Walsh, and a new company they seem to be working with called Anchor Management many times but have gotten no resolution.

I would like to recover the rents that we are owed and switch to a different property management company that I have found. Can anyone provide advice on how to do this? I have talked to a real estate lawyer but am not sure whether it makes sense to push up the tension that way. But I don't see another way to resolve it at this point.

Thanks so much for any advice.

[Irfan Raza]

@Catherine Stevenson I have previously dealt with unresponsive property management and contractors and have found that it is better off going your separate ways as soon as possible no matter what the loss, it is often better to cut ties right away.  I am not familiar with the current company you are using or any agreements you have with them, but typically if the tenants do not pay you do not get paid.  If you are not satisfied there are plenty of other property management companies that would love to serve you as a client.  Feel free to reach out through PM and I could refer you.