Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 6 years ago on . Most recent reply

User Stats

9
Posts
1
Votes
Don Thornton
1
Votes |
9
Posts

PM charges monthly fees even after property is sold!!!

Don Thornton
Posted

Hi,

I hired a PM company here in Las Vegas and I decided to sell my property because the tenants left it in a mess. The PM continued to charge me monthly fees while I fixed up the property. He told me I signed up for 1-year term and I have to pay. The tenants left the place with pee smell and broken window and we spent over $15000 fixing the place up removing floors and repainting the whole place, a brand new dishwasher used 5 months was thrown away. PM took the safety deposit which I never got to see and he changed me monthly PM fees. He also hired a landscape guy who charged me $180 which he didn't tell me about. He said it's because any sum under $250 I don't need to know about. Now after 3 months the valve leaked again. The person who fixed the landscape doesn't have a company name. It's just some guy and the invoice is his name and a phone number. Another property the tenant destroyed the garage door by putting epoxy on it. When they left he told me I didn't pay $700 for new panels. I got another company to fix for $200. He told me to refund ALL the rental's deposit to them. Anyone of you has had these problems? How do I get out of paying this PM monthly fee if I haven't been happy with them and now I don't have any tenants? 

Most Popular Reply

User Stats

874
Posts
355
Votes
Guifre Mora
  • Lender
  • San Diego, CA
355
Votes |
874
Posts
Guifre Mora
  • Lender
  • San Diego, CA
Replied
Originally posted by @Don Thornton:

Hi,

I hired a PM company here in Las Vegas and I decided to sell my property because the tenants left it in a mess. The PM continued to charge me monthly fees while I fixed up the property. He told me I signed up for 1-year term and I have to pay. The tenants left the place with pee smell and broken window and we spent over $15000 fixing the place up removing floors and repainting the whole place, a brand new dishwasher used 5 months was thrown away. PM took the safety deposit which I never got to see and he changed me monthly PM fees. He also hired a landscape guy who charged me $180 which he didn't tell me about. He said it's because any sum under $250 I don't need to know about. Now after 3 months the valve leaked again. The person who fixed the landscape doesn't have a company name. It's just some guy and the invoice is his name and a phone number. Another property the tenant destroyed the garage door by putting epoxy on it. When they left he told me I didn't pay $700 for new panels. I got another company to fix for $200. He told me to refund ALL the rental's deposit to them. Anyone of you has had these problems? How do I get out of paying this PM monthly fee if I haven't been happy with them and now I don't have any tenants? 

I'm sorry this happened to you it sucks but your post is bit too much venting really doesn't help much. Are you talking about 2 properties under the same PM? both vacant?

  • You may have a contractual issue first and a sketchy PM.  
  • Review your contract. Have they been negligent? Have they breached the contract?
  • Consult a RE lawyer. 

  • Good luck

Loading replies...