Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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.
Real Estate Horror Stories
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 4 months ago on . Most recent reply

User Stats

8
Posts
3
Votes
Saurabh Patel
3
Votes |
8
Posts

Property Maanger stole my money - Tenant deposits and one month rent

Saurabh Patel
Posted

My current property manager in San Antonio suddenly ghosted me. He is nowhere to be found. Boker is no longer sponsoring him. I want to understand what are my options to collect tenants deposits and one month rent. 

Most Popular Reply

User Stats

14,493
Posts
11,182
Votes
Theresa Harris
#3 Managing Your Property Contributor
11,182
Votes |
14,493
Posts
Theresa Harris
#3 Managing Your Property Contributor
Replied

Is the PM an individual that works for a larger organization or their own independent business (eg like a realtor who works with a group of people at an office)?  The fact that you mentioned broker, suggests that it is an individual at a business.  If that is the case, the broker should be responsible.  The money should be held in trust.  What did the broker suggest you do?

Either way they should be licensed, contact the board and report them.  I'd also directly contact the tenant to see if they have heard from the PM and let them know to directly pay the rent to you for Nov.  The broker can contact them to let them know that you are the owner.

  • Theresa Harris
  • Loading replies...