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All Forum Posts by: Jae Yoo

Jae Yoo has started 4 posts and replied 8 times.

Post: In need of a Baltimore county/city lease template

Jae YooPosted
  • Posts 8
  • Votes 0

Hello! I'm looking for a landlord lease template specific to Baltimore County/City. If anyone can assist with a template, I would greatly appreciate it. I've been looking at legalzoom or seeking legal counsel, but I also wanted to ask here on the board. Thanks in advance, and happy landlording!

@Charles Granja

While you certainly make valid points, I’ve come to realize that this unscrupulous company is quite devious, and getting things transferred from them could be a challenge. So, pursuing litigation has its advantages. I’m considering having a lawyer send them a certified letter, though I know that will still come with a significant fee, which is still preferable to full service. Additionally, I don't have the time to sift through all the legal jargon and pinpoint where they’ve breached the contract, so it's worth having a lawyer review it in my situation. I admire that you've handled most of the filings yourself, but I’d prefer to take a more hands-off approach. I understand that means paying the right professional for their services. 

Would like to hear other opinions if there are any out there!!

Hello,

I am seeking assistance in finding a real estate lawyer who specializes in helping clients get out of contracts with property management companies. The final straw was when my property went into abatement after an inspection, due to the property management company's failure to address tenant requests for the exact items that caused the issue. This lack of response was a major factor in my decision to seek legal assistance. I am bleeding funds and I need to act quickly. My property is in Baltimore city. I would greatly appreciate any guidance or recommendations. Thank you for your time.

Post: Property management break contract

Jae YooPosted
  • Posts 8
  • Votes 0

To add, I have had little luck getting in contact with anyone there to find solutions. Either with cancelling and transfers, or anything in general.

Post: Property management break contract

Jae YooPosted
  • Posts 8
  • Votes 0

As the owner of the property that is being severely mismanaged, do I have the ability to move the money directly to my bank through government action? I understand this can take a very long time.... Contractually, I'm sure I'll be on the hook for something based on their PM favored literature, but can I contest that they have done absolutely nothing for me, including not paying me as my defense? Can anyone advise?

@Tim Jacob

Thank you so much for your response. The property is in Joseph Lee and in the 250k range (but it is a duplex) The PM is downright awful. Your take on self-managing has me thinking about it a lot. I actually had to make calls to fix the heat and broken doors and connected with the tenants 1 on 1. This way I can also control the maintenance cap/ex aspect. I understand this is part of the learning curve, and once I can have the PM "release" me, I might consider it and save 3k/yr!

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.