Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
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 5 years ago on . Most recent reply

User Stats

9
Posts
1
Votes
Shalin Patel
1
Votes |
9
Posts

Ghosted by management company

Shalin Patel
Posted

We have a SFH in Richmond, VA and have been with the same property management company for 7 years. This year the tenant gave a 2 month move out notice to the assistant property manager who quit the same day. Ultimately no one in the company (or us) knew about the move out until the day the tenant moved out which was August 31st. The company did the move out inspection however took 4 days to submit the report to us. Now we are trying to move forward with them however it's been a week and half and we are getting zero responses from the property manager. We will lose 1 months rent due to vacancy and need for repairs such as paint and carpet cleaning.

Questions:

1. Do we stick with the same company or find a new one?

2. If we stick with them, what should we negotiate in the new management contract. Right now it is 1/2 month rent for tenant procurement and 10% monthly rent for management. Rent is $1800/month.


Thanks everyone!

Most Popular Reply

User Stats

204
Posts
297
Votes
Stephen Glover
  • Property Manager
  • Richmond, VA
297
Votes |
204
Posts
Stephen Glover
  • Property Manager
  • Richmond, VA
Replied

@Shalin Patel  How has your experience been in the past 7 years?  Is this the first mistake or is there a pattern?  If this is their first major mistake, communicate with them and keep rolling forward.

Loading replies...