What law enforcement agency should be contacted in the event of..

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What law enforcement agency should be contacted in the event of..

Patrick Britton
Ann Arbor, MI · Member since 2014 · 1k+ posts · 997 votes

What law enforcement agency should be contacted in the event of theft from property management company?   For instance, if the property manager deliberately withholds funds because they want to, would it be a matter for the local police?  

If state lines are crossed does that mean a federal agency is involved?

thanks! 

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  • Taylor L.
    Rental Property Investor · RVA · Member since 2016 · 5k+ posts · 4k+ votes
    4y

    Sounds like you mean theft by the property management company? I've been through that personally and have had conversations with many others and I don't know that a law enforcement agency has ever gotten involved. Generally it's been handled as a civil matter. 

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  • Paul De Luca
    Real Estate Agent · Chicago, IL · Member since 2018 · 1k+ posts · 1k+ votes
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    @Patrick Britton

    I think you should first cite the management agreement if they are violating the terms. Why are they withholding funds?

    If things get contentious and you know they are violating the management agreement, I think you should contact an attorney.

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  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    4y
    Quote from @Taylor L.:

    Sounds like you mean theft by the property management company? I've been through that personally and have had conversations with many others and I don't know that a law enforcement agency has ever gotten involved. Generally it's been handled as a civil matter. 


    I have seen a few big ones in Mississippi where PM walked off with 200 to 300k in cash.. Department of real estate in almost all states is the authority over PMs as they need licensed so complaint to them to start .. then they get the proper criminal folks in the state involved.. thats what I have seen.

    If its smaller amounts then complaint to the DRE usually will rectify it as the PM does not want to lose their license and their lively hood.. In some states license is not requried to manage property but those are very few in the US.. Although I think maybe maryland might be one of those that license is not required..
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  • Russell BrazilBusiness Member
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    Real Estate Agent · Washington, D.C. · Member since 2012 · 17k+ posts · 30k+ votes
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    Quote from @Jay Hinrichs:
    Quote from @Taylor L.:

    Sounds like you mean theft by the property management company? I've been through that personally and have had conversations with many others and I don't know that a law enforcement agency has ever gotten involved. Generally it's been handled as a civil matter. 


    I have seen a few big ones in Mississippi where PM walked off with 200 to 300k in cash.. Department of real estate in almost all states is the authority over PMs as they need licensed so complaint to them to start .. then they get the proper criminal folks in the state involved.. thats what I have seen.

    If its smaller amounts then complaint to the DRE usually will rectify it as the PM does not want to lose their license and their lively hood.. In some states license is not requried to manage property but those are very few in the US.. Although I think maybe maryland might be one of those that license is not required..
    Correct Maryland does not require property managers to be licensed. If they do happen to be a licensed salesperson or broker, then it would fall under the perview of the real estate commission. When they are not, we refer to the Attorney Generals office or local States Attorney office. 
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  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
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    Quote from @Russell Brazil:
    Quote from @Jay Hinrichs:
    Quote from @Taylor L.:

    Sounds like you mean theft by the property management company? I've been through that personally and have had conversations with many others and I don't know that a law enforcement agency has ever gotten involved. Generally it's been handled as a civil matter. 


    I have seen a few big ones in Mississippi where PM walked off with 200 to 300k in cash.. Department of real estate in almost all states is the authority over PMs as they need licensed so complaint to them to start .. then they get the proper criminal folks in the state involved.. thats what I have seen.

    If its smaller amounts then complaint to the DRE usually will rectify it as the PM does not want to lose their license and their lively hood.. In some states license is not requried to manage property but those are very few in the US.. Although I think maybe maryland might be one of those that license is not required..
    Correct Maryland does not require property managers to be licensed. If they do happen to be a licensed salesperson or broker, then it would fall under the perview of the real estate commission. When they are not, we refer to the Attorney Generals office or local States Attorney office. 

     well sometimes I am right :)  

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  • Drew SygitBusiness Member
    Property Manager · Royal Oak, MI · Member since 2012 · 13k+ posts · 9k+ votes
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    @Patrick Britton follow @Russell Brazil advice

    You can also start a civil case against them, but that will get expensive.

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