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Updated about 5 years ago on . Most recent reply

User Stats

71
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72
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Angelo Wong
  • Investor
  • Milpitas, CA
72
Votes |
71
Posts

How Do You Handle Bad PMs?

Angelo Wong
  • Investor
  • Milpitas, CA
Posted

Context:

I have this property mgmt company that did a rehab for me. They didn't do some of the work and are trying to charge for it. On top of that, they spent over $800 in the span of ~50 vacant days.

Long story short, I am willing to pay Meridian Property Managment (in Memphis) the average cost of utilities, but that only comes out to $438.75 for the days they were there.

This would make me $372.73 (utilities owed) + $200 (they did not replace a fixture, as confirmed by my realtor) short of what they are asking for, and they are threatening to file a lien (presumably mechanic's) if it isn't "paid in full."

What should I do?

Just eat the $572.73 cost? Or fight it?

Most Popular Reply

User Stats

667
Posts
361
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James Martin
  • Property Management
  • Memphis, TN
361
Votes |
667
Posts
James Martin
  • Property Management
  • Memphis, TN
Replied

Wong I’m sorry that your having a bad experience with your current managers. Have you had a chance to go over all line items with them of completed work? Have they stated why other proposed work hasn’t been completed?

Thanks

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