I agree with all the others that have said to get another management company. If the management company is not performing for you, not safeguarding your interests, then replace them. They may have been around for 50 years, but they do not view you as a valuable client. I would consult an attorney if you are not sure how to proceed in firing them, especially if you have a long term contract. If there is no log-term contract, then usually a 30 day notice is all you need. At the same time start finding another management company AND start eviction proceedings on your deadbeat tenants...
Depending on the address numbers, part of that street is not in good condition at all ( usually South of McNichols). However unless we know the address, it's impossible to assess the condition of the block.
The money that it takes to remain with a poor company can often be recovered if you take fast action.
Some companies are frauds, some are overwhelmed, some simply don't have the time or skill to really help you.
Do not just let poor service go on- they are clearly communicating to you about how they will manage your home with their actions.
1. Send a letter terminating service
2. Engage new management and get a timetable in writing about what they will do and in what amount of time.
3. Have them send proof of what they've completed as its done.
4. DO NOT PAY UNLESS YOU RECEIVE PROOF AND ARE SATISFIED.
Investing should be fun, stress-free and it should produce cash flow.
If this is not happening, there may be a larger problem with the property or neighborhood that you were not made aware of prior to purchasing.
It's better to know this right away in order to prevent more losses.
Please email if you need additional help: firstname.lastname@example.org
My management company with 50 yrs experience are very slow and ineffective.They can not collect
rent from the Tenant.I am still hopeful.
If you are not sure what to do, my recommendation is to hire an attorney who specializes in real estate so he can review the lease and your agreement with the managment compnay. They can also assist what the rules are in your city regarding eviction. Good Luck
Licensed, mature, and effective communicators.
Ronald Weaver Jr.
Management Systems Residential
(313) 687-4677 - Office
(313) 790-3295 - Mobile
If your management company cannot give you pertinent advice, what are they good for?
The agent who helped you to buy the house may be of help.
A real estate attorney may be necessary. Costly, but will get the job done right.