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About ten years ago, I read a news article about a management firm in Auckland, New Zealand, who collected rent, conducted monthly inspections, and had found th
by dvtv75 9y ago
About ten years ago, I read a news article about a management firm in Auckland, New Zealand, who collected rent, conducted monthly inspections, and had found the greatest tenant.
SO, when the tenant moved out and the landlord decided to inspect the place himself, he was surprised to find a large amount of damage and a badly overgrown yard. It seems that the management firm had collected the rent (through automatic weekly debit), taken their percentage, and done nothing else.
I'm afraid it was so long ago that I don't remember anything specific.
- scurvy 9y agoIt's usually much more subtle than that. Repair bills for this and that on a regular basis. Then a big ticket item like new fridge or plumbing repair. Later you'll find that the fridge wasn't actually replaced, the plumber is the manager's brother, and that the property management company goes out of business and resurfaces with a new name every 5-6 years.