Updated about 2 years ago on . Most recent reply
property manager withholding some of my revenue
Is there a valid reason why my property manager consistently withholds some of my revenue in addition to the agreed upon minimum account balance? Numbers: $400 min account balance. My current balance is $720 with my PM after the owner draw. Why would they do this?
Most Popular Reply
Richard F.
#1 Tenant Screening Contributor
#1 Tenant Screening Contributor
- Property Manager
- Honolulu, HI
Aloha,
You really need to closely review your Management Agreement to see what it says about reserves or if they are witholding for taxes or other legit expenditures. If it is not addressed in the Agreement, email the PM for an explanation. Do not waste time with a phone call, get a response in writing.