Property manager is now c/o on tax bill
So, I have put a new property manager in place over one of my rentals. This property management company is one of the largest in the area and seems to have a long standing and good reputation. I noticed today, however, that they have somehow changed my tax bill for the year that I started working with them, 2024, to include my name on the first line as owner, but then their name right under that with c/o before it. And their address is now the address that the physical bill would be sent to. This is new to me, and I wanted to ask some opinions on this. Any thoughts?
Most Popular Reply
Double check your PMA as this may be a requirement to ensure the PM company is aware of your current status and you are not in default. In other words, it could be a risk mitigation strategy they have in place as an early alert against bad landlords who don't like to pay their property tax bills. Not saying you're a bad landlord, but they are out there and it puts the PM company in a nasty situation when the landlord doesn't keep the property taxes current, just like when the landlord doesn't keep the mortgage payments current.