Rasmey Rentals » Property Management

What are the laws regarding managing residential property in Louisiana?

Mon, 03 May 2010 12:21:31 +0000

I would like to know if you have to be a licensed realtor in the state of Louisiana (or any other state) to own a residential property management company? I have worked in the apartment industry for many years and would like to begin to manage residential property for individuals. Any insight would be great! Thank you!

Who do I contact to complain about a breach of contract with property management?

Mon, 03 May 2010 08:25:36 +0000

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 matter.
According to our initial contract, either party could terminate the management agreement 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 going into a “different direction”.

Where do I go to make a complaint?

NO SPAM, PLEASE!

i am condo owner -how do i terminate a property management contract even before we found any tenant – no lease?

Mon, 03 May 2010 04:22:44 +0000

I am a condo owner.. due to long work commute, I moved 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 losing money on this, I have decided that I do not want to rent my condo anymore and will move 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 move back to my condo and I am binded by the contract to rent it out?

What is the best software to use for an estate management company of privately owned homes?

Mon, 03 May 2010 00:22:53 +0000

Hello! I am starting an estate management service in an upscale ocean-front part of the country. Would anyone happen to know a great 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 industry would be great! I am still trying to set pricing, services, etc., as the possibilities seem to be endless.

Thanks so much!

Tips on marketing a real estate property management co.?

Sun, 02 May 2010 20:29:05 +0000

Louisville, KY, we have 40 units, need 2,000…
The Mom, I am asking again because I didnt get an answer that was anywhere close so I figured i phrased it wrong, 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 ask it 1,000 times if I feel like it….

how to get my deposit back from a property management company?

Sun, 02 May 2010 16:21:46 +0000

ok i don’t know what to do i moved out of a duplex about four months ago and since then Ive call them and they told me they were going 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 old # 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

What’s the best way to approach a property management company with a bankruptcy on your credit report?

Sun, 02 May 2010 12:23:37 +0000

We are in need of renting a house in our smaller community and the local property management companies state they won’t consider an applicant with a bankruptcy, excessive delinquencies, charge off’s, etc. They are, however, 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 story…no comments, please). My husband makes enough money to support us living in a $1500-1600/mo home and I work p/t, too. We are good people that got ourselves in a bad spot but are desiring a fresh start and need help in doing so. We are able to offer a 1st, last & deposit, as well as, another months rent (if needed) and a co-signer, too. I just need to know how I could 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 comments on our situation.

Would it be valuable to use a property management company for rental house even if I live in it?

Sun, 02 May 2010 08:30:06 +0000

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 college 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 think it would be possible for me to handle everything fairly easily as long as the tenants are well screened and responsible?
Also I’m a very non-confrontational person, in the middle of a pre-medical degree, and time is a pretty large factor.

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

Is it better to rent through a property management or home owner we have a foreclosure on our credit?

Sun, 02 May 2010 04:22:49 +0000

We tried to modify our loan and were unable to. Our home is now going 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 disclose 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 going through a property management company or a home owner to find a rental? I have been with the company I work for 9 years and my husband has been with Intel for 3 years. We make good money and can afford the rent but we are concerned about the credit issue. We don’t have much time so any advice is appreciated.

Thanks

I am a landlord having problems with my property management company?

Sun, 02 May 2010 00:21:31 +0000

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. Every 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 definitely paying the rent on time, as my father (who is liaising with them on my behakf) has reported that they are happy 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 fly 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 available, perhaps a watchdog, for landlords dealing with property management companies. We expect them, for their commission and fees, to take all the stress an strain out of letting out a property. Sadly, this isn’t always the case!
Thanks for responding, guys. I know that the tenatns are definitely paying the rent on time, as my father (who is liaising with them on my behakf) has reported that they are happy 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 fly 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 available, perhaps a watchdog, for landlords dealing with property management companies. We expect them, for their commission and fees, to take all the stress an strain out of letting out a property. Sadly, this isn’t always the case!
Thanks for responding, guys. I know that the tenatns are definitely paying the rent on time, as my father (who is liaising with them on my behakf) has reported that they are happy 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 fly 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 available, perhaps a watchdog, for landlords dealing with property management companies. We expect them, for their commission and fees, to take all the stress an strain out of letting out a property. Sadly, this isn’t always the case!