My tenants dropped the keys off at the Property Management company at the end of the month and moved with no notice. They were well past their lease [lived there for 8 years] so no contract broken there.
I told them to Management to fix the place up and I would try to sell it while they looked for new tenants, whatever I hit first I was fine with.
Now I find out the place is needing $7k in repairs to rent it out again!
The management company doesn't want to go after them for the losses because they are both retired and disabled, how noble.
Instead they expect ME to foot the bill to get the place I payed THEM to maintain back up to par so they can charge me to rent the place out again?
Today I'm told they want me to "suspend management, establish all utilities and maintained lawn services", while I try to sell it, unfixed, unmaintained and I have no idea if there is a huge water bill waiting or not.
Do you think I can sell the place, as is, at a loss and recoup my $ with the Management Company?
Or Is it time to go lawyer shopping?
Or am I [gulp] eating this bill and have two retirees to track down for my losses?
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[–] Gumbatron 0 points 3 points 3 points (+3|-0) ago
If you get a lawyer, they will most likely conspire with the other lawyer to suck as much money out of both parties as is possible, then fuck you over anyway. If it's $7k, the lawyers will likely blow through $30-70k.
Take the hit, tell the management company to go fuck themselves and that you'll tell everyone you know how shit they are. Word of mouth advertising works both ways.
[–] KosherHiveKicker 0 points 3 points 3 points (+3|-0) ago (edited ago)
It might be worthwhile to have someone go over his contract with the Management Company to establish if they are responsible for any of the repair costs, and past due bills.
An attorney could spend a few hours of reviewing the agreement. It could save him thousands of dollars if those fucks are attempting to ditch responsibilities that they were contractually obligated to address.
[–] La_Chalupacabra 0 points 2 points 2 points (+2|-0) ago
This would be my first step.
If they are indeed in breach of contract, then who knows if that $7k estimate they quoted him is accurate or if they are on the hook for any of it.
Either way, he should get a second estimate.
[–] Gumbatron 0 points 1 point 1 point (+1|-0) ago
Possibly, but if it gets to the point of undertaking any sort of legal action, that's when the shenanigans usually start. Just my experience of this sort of thing.
[–] TheSeer 0 points 1 point 1 point (+1|-0) ago
When you get lawyers involved, everyone loses, except the lawyers.