Archive for the ‘Property Management’ Category

I want to know if you have to be a licensed realtor in the disorder of Louisiana (or any other disorder) to own a residential property management company? I have worked in the apartment diligence for many years and want to start to manage residential property for individuals. Any insight would be fantastic! Thank you!

I’ve had a property management company managing my condo for 18 months. The current tenants in my condo are moving out on June 30, 2009. Today I get, via e-mail, a termination of management from them after they had made an appt. with a couple to show the place this afternoon. They called and cancelled that appt. with the couple an hour before the scheduled time and told them that it’s because they no longer manage my condo. This potential renter got the news before I did and contacted me upset over the topic.
According to our early contract, either party may possibly terminate the management covenant by “registered mail” . I didn’t get a phone call, registered letter, just an email stating this and an upset potential renter who was really wanting to see the condo. The termination is due to changes in real estate market and them vacant into a “different management”.

Where do I go to make a complaint?

NO SPAM, PLEASE!

I am a condo title-holder.. due to long work commute, I went to a temporary housing and wanted to rent my condo out…. I signed a contract with a property management company 1.5 months back.. they have done some marketing but we had only 2 showings, but no renters yet .. no lease started… given i am bringing up the rear money on this, I have chose that I do not want to rent my condo anymore and will go back to my condo… how do I terminate the contract (i am okay paying some $$ for their marketing efforts, but thats it)..
addition:.. contract has a 30 day written termination notice… so if I give the notice, and in next 30 days they find a renter, does that mean I can not go back to my condo and I am binded by the contract to rent it out?

Ciao! I am starting an estate management service in an upscale ocean-front part of the country. Would anyone happen to know a fantastic software program that would keep track of clients and their needs, but without the extras in other property management programs, such as rents, units, leases, etc?

In addition, any sage advice on this diligence would be fantastic! I am still trying to set pricing, services, etc., as the possibilities seem to be endless.

Thanks so much!

Louisville, KY, we have 40 units, need 2,000…
The Mom, I am asking again because I didnt get an answer that was anywhere accurate so I figured i phrased it incorrect, and it wasn’t understood. and repharased the question..

What business is of yours anyway… What are you the yahoo avitar from the rules commitee with brown Nazi storm trooper shirt on or what? Ill question it 1,000 times if I feel like it….

ok i don’t know what to do i went out of a duplex about four months ago and since then Ive call them and they told me they were vacant to send me a check 4 my deposit in the mail… now i find out that the company i rented from has changed companies none of ther ancient # work or email works i don’t know how to get my deposit back and im not really sure how to find out if their really is a new company or if they went bankrupted please help me find out how to get my deposit back from a property management company don’t want to lose that much money just because i dont know what i should do

We are in need of renting a house in our smaller community and the local property management companies disorder they won’t consider an applicant with a bankruptcy, excessive delinquencies, charge off’s, etc. They are, but, the only companies that have the decent rentals in a better part of our neighborhood.
We have a bankruptcy filling date of January 11, and our home will be foreclosing in the next few months (another report…no observations, please). My husband makes enough money to support us living in a $1500-1600/mo home and I work p/t, too. We are excellent people that got ourselves in a terrible spot but are desiring a fresh start and need help in dependability so. We are able to place forward a 1st, last & deposit, as well as, another months rent (if needed) and a co-signer, too. I just need to know how I may possibly approach the pr. management co. and assure them we will not be a problem, willing to sign a 1yr lease and can be responsible. We won’t have any other bills so that’s a plus but need to know..
what to say when I first approach them?
No nasty observations on our situation.

Say, if I own my own house with 4 bedrooms and I live alone so I want to rent out the other three rooms to institution students, I being a student myself, using the master bedroom as a shared room and the other two as single rooms for a total of four tenants. And I expect the rent from all four tenants to cover all of my mortgage payment and then some.

Would it still be financially beneficial to hire a property management company to take care of finding tenants, rent collections, evections, maintenance, etc?

Especially since I am a full time student, and working part time.

Or do you reckon it would be possible for me to handle everything honestly easily as long as the tenants are well screened and responsible?
Also I’m a very non-confrontational self, in the middle of a pre-health check degree, and time is a pretty large factor.

Are there such equipment as small or even normal management companies that will customize the services they provide and adjust their costs accordingly?

We tried to modify our loan and were unable to. Our home is now vacant up for auction on Dec 28th. I don’t know how much time we have so we are now rushing around trying to find a home to rent. I had heard that you should be honest and tell the situation regarding the foreclosure with the potential landlord. I did that and guess what…she rented to someone else. Is it better to lie about the forclosure? Also will we have better luck vacant through a property management company or a home title-holder to find a leasing? I have been with the company I work for 9 years and my husband has been with Intel for 3 years. We make excellent money and can afford the rent but we are concerned about the credit come forth. We don’t have much time so any advice is appreciated.

Thanks

There seems to be a real gap in the advice market on this one: I am a landlord with a property in England which has been rented out through a property management company since April 2008. After the first month, the company in question split into a sales office and a lettings office. Since June, I have been struggling to get the new lettings office to pay me my rent on time. Each month, I find myself emailing them and phoning them endlessly to get my rent – which is always at least two weeks, sometimes six weeks, late. As I now live in Australia, I feel as though I am caught in a bind and the company in question is capitalizing on this. No landlord advice company (and I have rung many) seems able to deal with this sort of problem.

Does anyone know what my rights are in regard to this company? How can I stop them from taking me for a ride, bearing in mind that I live halfway around the world? Please help!!
Thanks for responding, guys. I know that the tenatns are certainly paying the rent on time, as my father (who is liaising with them on my behakf) has reported that they are pleased with the current situation and even the property management company themselves have vouched for them.
The company blame the late payments on their new payment system – but each month they promise me that this will be ironed out by the end of the month and I will have no more issues.
I would LOVE to go with another company, but as I am abroad and cannot afford to glide back to England again (I have done this already this year due to a disloyal tenant who refused to pay rent) I feel as though my hands are tied.
There should be more resources unfilled, I don’t know a watchdog, for landlords dealing with property management companies. We expect them, for their fee and fees, to take all the stress an strain out of let out a property. Sadly, this isn’t always the case!
Thanks for responding, guys. I know that the tenatns are certainly paying the rent on time, as my father (who is liaising with them on my behakf) has reported that they are pleased with the current situation and even the property management company themselves have vouched for them.
The company blame the late payments on their new payment system – but each month they promise me that this will be ironed out by the end of the month and I will have no more issues.
I would LOVE to go with another company, but as I am abroad and cannot afford to glide back to England again (I have done this already this year due to a disloyal tenant who refused to pay rent) I feel as though my hands are tied.
There should be more resources unfilled, I don’t know a watchdog, for landlords dealing with property management companies. We expect them, for their fee and fees, to take all the stress an strain out of let out a property. Sadly, this isn’t always the case!
Thanks for responding, guys. I know that the tenatns are certainly paying the rent on time, as my father (who is liaising with them on my behakf) has reported that they are pleased with the current situation and even the property management company themselves have vouched for them.
The company blame the late payments on their new payment system – but each month they promise me that this will be ironed out by the end of the month and I will have no more issues.
I would LOVE to go with another company, but as I am abroad and cannot afford to glide back to England again (I have done this already this year due to a disloyal tenant who refused to pay rent) I feel as though my hands are tied.
There should be more resources unfilled, I don’t know a watchdog, for landlords dealing with property management companies. We expect them, for their fee and fees, to take all the stress an strain out of let out a property. Sadly, this isn’t always the case!