Updated 10 months ago on . Most recent reply
Keep or sell- advice needed
It’s 16 months that I got this 6 unit property. First property manager was bad and had a tenant over one year without paying rent. And other tenants either leave or don’t pay rent on time.l and whenever they leave I have to put in money for making it rent ready again.And every time someone leaves it takes months to get new tenant.On top of it there are multiple repairs every month. I have been very patient and have been pumping all my money in to this property. I have been paying an average of 1000 or may be even more every month out of pocket since I have bought it. I don’t know what to do, any advice or suggestion is much appreciated.
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- Property Manager
- Royal Oak, MI
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@Keith Jablonowski and @Joe Norman guys, it's not the PMC directly that's the problem!
The property is highly likely to be Class C or D - do you guy handle these types of neighborhoods/properties/tenants?
@Sandy Sandy needs to find and match the right type of PMC with their property or will keep getting the same results.
Otherwise sell, probably at a loss.
Sandy, feel free to DM me and we can discuss your challenges in more detail.
- Drew Sygit
- [email protected]
- 248-209-6824
