All Forum Posts by: Aaron Xie

Thanks, folks, now I have a much clear idea about the industry standard. I will contact them, and the worst case, I switch PM company.

Thanks, Rhett Tullis, this is a big PM company recommended by a BP member, so I don't think they will be out of business any time soon.

I don't get it. If the tenant indeed paid the rent, how can the landlord not get the money? It is just a timing issue. In my case, the PM will only pay me when it is the time, no matter whether the tenant pay in advance or not. Of course, I won't get the money if the tenant refuse to pay.

Good morning, BP fellows.

I have a rental property in Indianapolis managed by a big PM company. They tell me that the tenant has paid three months rent in advance. However, they have to withhold the extra two months' rent and transfer when the months come.

This scenario is not covered in the contract. So I am wondering if this is the industry standard? Thanks in advance.

Hi, BPer, need your help here. Two property management companies:

One is a big nation-wide firm, specialized in PM. 22 miles away. Respond very fast, within a day.

Another is a small local firm. It does construction and real estate transactions. Only 1 minute away. Respond a little slower, in 2-3 days. Charge a higher leasing fee.

Both charge 10% month rent for management. And both get good reputation. Which one would you choose?