#2 Real Estate Agent Contributor
- Real Estate Broker
- Coppell, TX
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Deposit vs Rent from Property Management Company
#2 Real Estate Agent Contributor
- Real Estate Broker
- Coppell, TX
Is this normal?.....investor client uses PM. Tenant moved out....with months of unpaid rent and of course damage enough to eat up entire deposit. Since they applied the deposit to rent, then they're charging the 10% PM fee. Does the owner have the choice on how it gets applied, so they could save the 10% fee....or is it worth the fight?
Most Popular Reply
- Property Manager
- Royal Oak, MI
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While it's terrible that the landlord didn't get paid rental income for several months, what did the PMC get paid?
Seems everyone forgets that most PMC's also lose when tenants don't pay!
No one on this post bothered to point out that the Eviction Moratorium, unprecedented in history, led to many tenants not paying their rent. Some lost jobs and couldn't, many just took advantage of the situation.
In either case, WHY is the PMC automatically blamed?
- Drew Sygit
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