Be Careful Managers!!!! Agreement Issues

2 Replies

I WAS ecstatic to sign a new client with an agreement today....

But I'm also a realtor.... so when I doubled checked the MLS, his name is not listed in tax records....

I might be OVERLY cautious on this, because it's his sister who's on the tax record....

I have met up with both of them, and it is fair to assume the guy signing helps take care of the assets.... But should I be worried in signing the agreement?

Thanks,

AK

In Texas, we have been advised that you always put the owner of record on the taxes on the management agreement and make that person sign the agreement.. if they just bought it then we want to see a copy of the HUD..

It becomes an issue if you need to evict the tenant or need to take legal action on them more in our case.

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