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Updated 3 months ago on . Most recent reply

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Jae Yoo
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Help with property management company that won't pay me and are ignoring my emails

Jae Yoo
Posted

I am truly at a loss for words here. My experience with a property management company has been overwhelmingly negative. I inherited their services when I purchased a sec8 rental property and initially decided to keep them, assuming it would be the simplest solution. However, I quickly came to regret that decision.

The company consistently ignores my emails and phone calls, often promising a callback that never comes. In desperation, I even visited their office in person, only to have my concerns dismissed and another empty message taken. Their practices are neither transparent nor honest, and I would not recommend their services to anyone.

I have money owed to me and they have not sent an ACH even though they have my routing information. Is this even legal? They take their portion of the housing voucher like clockwork and my funds are tied up in their system. I am not quite sure what they are doing with my portion at this point. Do I need to seek legal counsel? I'm up on my second mortgage payment and I am starting to get worried. Would contacting the state be a good move? Or legal counsel? Any assistance would be greatly appreciated. 

Most Popular Reply

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Drew Sygit
#1 Multi-Family and Apartment Investing Contributor
  • Property Manager
  • Royal Oak, MI
5,534
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8,898
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Drew Sygit
#1 Multi-Family and Apartment Investing Contributor
  • Property Manager
  • Royal Oak, MI
Replied

@Jae Yoo you have a few options:

1) Hire an attorney to write a threatening letter. Be prepared to start a lawsuit.

2) File a complaint with state's Board of Realtors

3) File a complaint with state's Attorney General's office

Since these are unlikely to be permanent solutions, you'll also want to start searching for another PMC.

Recommend you speak with @Russell Brazil

business profile image
Logical Property Management.
5.0 stars
1 Review

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