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Updated over 6 years ago on . Most recent reply

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Dustin Gale
  • Rental Property Investor
  • Draper, UT
12
Votes |
26
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Property Management rents longer than I asked

Dustin Gale
  • Rental Property Investor
  • Draper, UT
Posted
I have a single family house in Cottonwood Heights that I am renting out the top and living in the bottom. I was hoping to sell the house this upcoming spring or summer to find a better investment property and had told this to my property manager and they agreed and acknowledged that they knew about this. Then the property manager puts in a tenant with a lease for 11 months. I am losing around $400 per month on this property. Is there anything that I can do about the property management not listening to me? I have everything documented through email. Thanks, Dustin Gale

Most Popular Reply

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841
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Nik Moushon
  • Architect
  • Wenatchee, WA
901
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841
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Nik Moushon
  • Architect
  • Wenatchee, WA
Replied
Originally posted by @Dustin Gale:
@Nik Moushon. In all reality it is not "a bad thing" that there is a tenant for a longer period. I just have other plans for the money that is tied up in the property. I would prefer to not deal with a lawsuit. If it comes down to it I will try offering them cash to move.

The property management company has been causing me all sorts of other issues. They have in the contract that as long as the tenant that they placed stays I have to keep them as my manager. So I don't think there is to much I can do otherwise.

Thanks,

Dustin Gale

 That contract is only good until they break it. If they break a part of it then it doesnt matter what the other parts say. It gives you a good chance of an out. But you have to weigh everything, of course, to make sure its worth it. Wish you the best of luck. Hopefully, you can buy the tenants outs. If you can't I would go talk to a lawyer because, technically, they signed you into a contract without your permission. 

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