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All Forum Posts by: Gary Tsai

Gary Tsai has started 1 posts and replied 6 times.

Post: In a Bind (no property management contract)

Gary TsaiPosted
  • Cleveland, OH
  • Posts 6
  • Votes 0

Much appreciated James.  Taking action as we speak.  Glad I came to this forum!

Post: In a Bind (no property management contract)

Gary TsaiPosted
  • Cleveland, OH
  • Posts 6
  • Votes 0

I just checked - he is licensed under the company name that appears on the statements I've received, but not his real name.

Post: In a Bind (no property management contract)

Gary TsaiPosted
  • Cleveland, OH
  • Posts 6
  • Votes 0

Thank you.  I will try that.  By 'the state', do you mean the real estate division of the state gov't?

Post: In a Bind (no property management contract)

Gary TsaiPosted
  • Cleveland, OH
  • Posts 6
  • Votes 0

Yes, he is licensed.  They have sent out statements up until November of last year, while only having paid up to July.  A week ago, I called his new manager and she confirmed that renters have been paying on time up to and including the current month and said she would send him a message.  Nothing has come out of it.

I've been asking for the payments about once a week since November and am always met with an excuse.

Post: In a Bind (no property management contract)

Gary TsaiPosted
  • Cleveland, OH
  • Posts 6
  • Votes 0

Long story short - I bought my first house in Ohio, got laid off a few months later, and got a new job in a different city.  Instead of selling, I decided to rent out the house instead.  Not knowing much about rentals, I didn't ask for a contract with the property manager - we just shook on it.  Everything was peachy the first few months - rent was coming in and I was set on the mortgage.  Fast forward half a year, and rents & statements are coming in months late and soon stopped coming period.

As I didn't have a contract, my gut reaction is that I should just eat the loss and move on with a lesson learned.  However, I figured it doesn't hurt to ask around to see if I have any recourse available.  Any advice?