Third Party Management Doing A Poor Job

[Nick Sturzenegger]

Hello BP Network - Looking for advice on how to push/motivate a third party management company. I own a 112 unit work force housing property and gave it to a third party mgt company about 2 years ago after I managed for 2. Since then the NOI has dropped and total income has remained flat and now dropped each month since December 2024.

Does anyone have any advice on how to apply pressure? We had a call last week where the owner was a last minute no-show, and instead just spoke with the regional about how poorly things have been going. Any help would be appreciated!