There are a group of us that bought condos (individually) last year and have the same property management company that in my opinion is not doing a proper job and am questioning whether they are managing legally. Here are a few of the issues at hand:
- tenants skipping out and mgmt refuses to give me the name of the tenants so I can myself go after them for the rent, mgmt says there`s no use. But as the owner of the condo do I not have a right to know who the tenant is?
- mgmt has been charging owners with repairs, anywhere from $100-5000 without prior consent and refuses to provide reciepts for repairs, several requests have been unanswered.
- rent has been deposited into accounts for way less than rent, repeated enquiries as to why have been unanswered.
Should this be tolerated anymore?? I would like to know what other investors think I should do, would speaking to a lawyer help? Fyi, the realtor who sold is the overpriced condo`s are the the property managers as well. Needless to say, I`ve become much more aware and `smart`, of course after the fact.
- tenants skipping out and mgmt refuses to give me the name of the tenants so I can myself go after them for the rent, mgmt says there`s no use. But as the owner of the condo do I not have a right to know who the tenant is?
- mgmt has been charging owners with repairs, anywhere from $100-5000 without prior consent and refuses to provide reciepts for repairs, several requests have been unanswered.
- rent has been deposited into accounts for way less than rent, repeated enquiries as to why have been unanswered.
Should this be tolerated anymore?? I would like to know what other investors think I should do, would speaking to a lawyer help? Fyi, the realtor who sold is the overpriced condo`s are the the property managers as well. Needless to say, I`ve become much more aware and `smart`, of course after the fact.