All Forum Posts by: Jim Iren
Jim Iren has started 1 posts and replied 4 times.
Post: Property Management fails to pay owner.
- Posts 4
- Votes 0
@Dick Stevens the reason I stayed with them so long is that in the contract it states I had to give them 90 day notice to cancel or I will need to continue to pay them service fees for each month until contract ends. Now that I did they are nowhere to be found.
Post: Property Management fails to pay owner.
- Posts 4
- Votes 0
@Brian Ploszay thanks for the advise. We now have a new PM and tenants are onboard. It is/was a small family ran company. So if the company fails will I be able to go after the owners? I know one of the owners lives in another state where he is an agent their as well and still running business with me. I will look into the state issue compensation for security deposit. Contacted an attorney. Coat will be around $1500 to attempt to retrieve $4300.
Post: Property Management fails to pay owner.
- Posts 4
- Votes 0
@Dick Stevens looking for advice, not criticism.
Post: Property Management fails to pay owner.
- Posts 4
- Votes 0
LLC Property Management has failed to pay rental proceeds to owner. PM now will not awnser phone calls or return emails. Through research the PM looks to have or is failing. I understand it's difficult to sue an LLC, however due to multiple late payments, non payments and bouncing checks from issued by the companyover the past year I strongly believe the company was using rental funds collected from my property for other interests as they could not regularly pay me. I'm looking to sue using the "Pierce the Veil" law to uphold the owners for negligence of management services. I have a laundry list of times they were over 21 days since rent was due And twice the company bounced checks of funds that should be held for me. Still have not received rental payment over the past 2 months. Any advice would be greatly appreciated.