All Forum Posts by: Jordan Roberts

 So if we signed a termination agreement with the agent does that not even matter? Does the termination agreement need to be signed with the broker for it to be recognized? 

 Ya my biggest problem however is a part of the contract that states that if I fire them then I have to continually pay them for the remainder of my tenant's lease. Which for me is 3 years because I have a special situation with my tenant.

This is why I can't just wait until my management agreement is up. I'm wanting to use this opportunity now to break away from them.

My real question is this.......... REGARDLESS of anything that is stated in the agreement.
Doesn't the mere and simple fact that they need me to sign a new agreement mean the old one is void? And if the old one is void, then I'm not beholden to any contract with them and I can just walk away, correct?

 This has nothing to do with terms being up. We are in the middle of our term and they are wanting us to sign a new contract (I mean it's worded the exact same, it just has a new company name on it and new person from the company at the bottom) because they are switching company names and re-branding essentially. We feel this is an opportunity to part ways because why else would they need us to sign again?

 Hi we are the property owners and do not want to continue working with management. We see this as a golden opportunity to refuse to sign a new lease and move on.

Hello,
I wrote a post about this the other day but it got quickly buried. I need advice.

My property manager is asking me to sign a new lease because they switched company names. They had a bunch of firings and moving around going on. Can I decide not to continue with them if I refuse to sign the new agreement? Or am I somehow bound by the old agreement still? (I've read through it and there's no terms talking about new leases). What is common practice with this stuff?

Any advice would be great!

Ok, so the original contract would still be in place? Why would they need me to sign a new agreement then? Now if the terms change (I haven't read it yet), wouldn't that also make the original contract invalid? 

Hey everybody, I've been having issues with my property management company and have been wanting to get out from them. I normally wouldn't be able to (based on the terms of the contract) in a clean way. However, a golden opportunity has arisen where they underwent a name change and there was a bunch of drama where different people moved around and got fired. They basically are re-branding themselves.

They asked me to sign a new management agreement (contract). Now, without seeing any of the terms, does this inherently mean the original contact is null and void? The fact that they need new signatures tells me from a legal standpoint that the old contract isn't recognized, otherwise they wouldn't need this, correct? 

Their company name is different to the one listed on the old contract under "management". In the old contract there's no specific names listed, it's just their company name which means I could articulate that the new company is not them anymore, correct?

Are there any lawyers that could weigh in on how viable this is? I basically just want to tell them good-bye and for them to transfer me the deposit money to hold separately. Am I missing anything? 

Hello everyone!

Do you have any CPA's you are willing to recommend for a new investor? My wife and I just bought our first rental property, so we have already missed almost half the year in rental income. I want to get off to a good start with knowing how to conduct business and maximize our tax shelter. I just read "Tax-Free Wealth" by Tom Wheelright and do not want to spend $10k-15k to just get started with them. I believe that is a waste of money for someone with only 1 property who hasn't pulled in 6 months of income for the year. 

Do any of you (who are not CPA's) have any CPA's you've been using for years and recommend that are more affordable for where I am on my journey? I'm not against spending good money on a CPA, but only when it makes sense for the stage in life I'm at. 

Much appreciated!

 Ok I will look into them! $250/year sounds amazing. Do you think a $2M policy is overkill for one property, 2 by the end of the year? Thanks again!

Awesome! Thanks for the tips!