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#420994 - 03/02/13 04:22 PM Property management issues
Biggaz13 Offline
Junior Member

Registered: 03/02/13
Posts: 2
Loc: Australia
I bought an investment property in Kansas City (Independence). It came with a tenant. I am currently situated overseas and cannot get back to the USA until April 2014 (earliest). The property manager is aware that I am overseas.
I use a property manager to look after the property for me and deposit rent money into my Wells Fargo bank account. For the first 9 months this system worked well.
Problem:
About 11 months ago the property manager stopped depositing rent money into my account (except for October 2012).
I have received numerous reasons why this is the case via email.
- "A new payment program is being set up so there is a delay in processing".
- "Numerous repairs to house" (no evidence or receipts)
- "The tenant has yet to pay the rent this month”.
- “I promise to sort this out as soon as possible.”
- “I promise to start the eviction process by Friday if the tenant does not come in and pay the rent”
Now the property manager and the owner of the property management LLC refuse to respond to my emails for over a month.
When I call the up the front office I get the same message: “I’m sorry they are not available to talk to you at this time. Please email them with any concerns”.
I continue to service a $55,000 loan and paid the recent Tax Bill.
Assume I have no family in the nearby area to assist.
What are the options do I have before me????? Any assistance would be greatly appreciated.

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#420995 - 03/02/13 05:28 PM Re: Property management issues [Re: Biggaz13]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 7950
Loc: Vermont's North-East Kingdom
Hire an Attorney or a Private Investigator to ascertain what's actually going on in Missouri. I could do it on a consulting basis if it were here.

How much money is involved at this point . . . . money that you should have received, and haven't? Is the eviction being done under your name? And for what cause ?
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

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#421025 - 03/03/13 05:17 AM Re: Property management issues [Re: Vermont]
Biggaz13 Offline
Junior Member

Registered: 03/02/13
Posts: 2
Loc: Australia
You know what Vermont, I can't tell you how much money should have been paid.
I have asked for an eviction to happen but the property manager and the owner of this LLC have gone silent after many promises of clearing the mess up. There is the distinct possibility that the tenant has not paid any rent since November 2012 with promises to pay soon.

I think I may have to cut my losses and get a new competent property manager to help me move forward. Very stressful experience......

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#421032 - 03/03/13 01:20 PM Re: Property management issues [Re: Biggaz13]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 7950
Loc: Vermont's North-East Kingdom
So . . . . about 10 months worth of rent has gone AWOL.

How much was the rent? Probably totals enough to get to the bottom of this soon; at least stop the bleeding!
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

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