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Deepak Bhadauria
  • Mountain View, CA
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Options to deal with incompetent property management company

Deepak Bhadauria
  • Mountain View, CA
Posted Sep 27 2018, 07:24
Hello, my property management company has not been able to place a tenant for last 3 months. I bought this turn key property in Kansas City, MO, few months back. Property was previously rented but the tenant was evicted because of missing payments. I always get a lacklusture response from the PM company that they are actively marketing the property. They provide no details or insights in why they are not able to find a tenant. I personally feel that they dont care. My contract with them has $1000 fee for breaking early. Also, the property should rent around $750 per month. So it seems reasonable to find another PM company that can rent the property out. But without knowing the reason of not finding a tenant, I am not sure if others will be able to find a tenant quickly. Any suggestions from the experienced investors here?

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