Out Of State Investing Problem

[Luis Torrico]

My PM has stopped replying my texts and answering my calls.

He was coordinating a rehab and he was also finishing up an eviction.

His last message was that he admitted he was slacking off and wanted to talk to make things right.

Three weeks later and *crickets*

Not sure what to do. I have a PM contract until January 2023.

Has anyone experienced anything similar?

[Trevor DeSimone]

Quote from @Luis Torrico:

My PM has stopped replying my texts and answering my calls.

He was coordinating a rehab and he was also finishing up an eviction.

His last message was that he admitted he was slacking off and wanted to talk to make things right.

Three weeks later and *crickets*

Not sure what to do. I have a PM contract until January 2023.

Has anyone experienced anything similar?

I invest out of state with a property management group in Wisconsin (I'm from New England). I would start vetting alternative PMs immediately. I've never had a situation like yours and while my management group isn't prefect, if we had a drop in communication of three weeks, I'd fire them. Not sure what your vetting process is like for property management. Also, a contract that states a time period your locked in with your PM seems like an odd practice. If you want a different management team you should have that flexibility, review your contract terms and see what your options are for cancellation. Your PM isn't exactly fufilling their obligation to you or your property.