YOUR PM is dragging his feet.. Late notice, pay or quit,
If you gave them proper notice prior to lease end that rent would be increasing.
You need to download your state landlord tenant laws as it seem the PM doesn't understand them or is choosing not to enforce.
You need to learn the regulations and get on top of your business operations. Relying on a PM and allowing a situation to go uncorrected for 3 months is a very poor business practice on your part.
Having a PM instead of self managing does not remove your responsibilities you simply manage a PM instead of a tenant.
You need to develop better business practices. Real estate is not a passive investment. Take charge.
Time for a new PM.
Hi all, thanks for the honest and direct feedback. I've spoken to the property management company and plan to visit early next year to clean house.
In case any are curious, I'm an unintentional investor renting out my former home. I'm also an absentee landlord who's had terrible luck with PMs, I fired my last one for being shady. This PM is mostly just incompetent. I've looked for a new PM but my property is an executive furnished rental so not all PMs will touch it and the ones that do have gotten poor marks from other landlords I've spoken to. My overall impression is that the PM landscape is grim in general and specifically in my rental market.
Financially, it's stable so my attitude till now has been "better the devil you know". Recently I've gotten a financial advisor and am looking to be an active investor. Which is why I'm now on this site.
Look forward to sharing and learning more from folks like y'all!
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