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Can a property owner come back 6 years after management is stopped and demand unjustified payment from property manager?
Wiki User
∙ 14y ago
As you state that it is unjustified then he can make any demand he wishes but it will do no good.
Wiki User
∙ 14y ago
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If a property management company doesn't have a renter for a property who is responsible for the mortgage payment The property management company or the landlord?
That is correct. The landlord is responsible for the mortgage payment as the investment property is ultimately his (name on the deed). And I also agree with the advice given below. A competent and successful property manager will get vacancies filled. In a slow market, it's natural for a home to sit vacant for a few weeks, but the property manager should be doing everything in his/her power to get that home rented - including aggressive marketing. the landlord of course, but the landlord may need to start looking for a more reliable property management company.
A subcontracting landscaper damaged my car in the course of his work I am a renter in a condominium Who do I approach to cover my losses the subcontractor directly Property Management or Landlord?
These are the players: The Board, the Property Manager, the Vendor (landscape-subcontractor), the Unit Owner (landlord) and You. The association's board would prefer to deal with the landlord. The vendor (subcontractor) has an agreement with the board via the management company. Develop your case for damage -- descriptions, photos, and so forth, and present it to your landlord with a copy to the property manager. Volunteer to work directly with the property manager to affect payment for damage repair once your landlord has presented your case to the board.
If a property management company omits an account and fails to collect the fees due should the management company reimburse the homeowners association for the loss?
it's not a property management duty to pay HOA fees, it is owners duty,but property management Co may be able to pay due to HOA from the proceeds of the rent collected by them..if owners agreed and notified and if HOA can't locate the owner and know the property managed by Company ask manager to help with this matter firs and no help,then post lien (A claim against the property of another person for payment of some debt or obligation that the person owes to the claimant) on the property..
What is the difference between asset management and property management?
Asset management is more of a process of overseeing property performance with the goal of enhancing value and maximizing return to the owner. Asset management does not consist of a single activity that takes place at a discrete moment in time. It takes place over the life cycle of a property (i.e. from acquisition to disposition). It is a process. Often asset management is focused on a portfolio of properties rather than a single property. Property management is focused more on the day to day operational aspects of an individual property such as physical maintenance, repairs and renovations, rent collection, payment of expenses, etc.
What are the duties a Credit Manager?
credit manager is the person who deals with those company who delay the payment. the responsibility of credit manager how to response to them how to make the payment is soon as possible.
How can property management software help in automating rent collection and tracking outstanding payments?
Property management software is a valuable tool for automating rent collection and efficiently tracking outstanding payments. Here's how it works: Automated Payment Reminders: Property management software can send automated rent reminders to tenants, reducing the chances of late payments. These reminders can be customized to suit different payment schedules. Online Payment Portals: Many software solutions offer secure online payment options. Tenants can easily pay their rent electronically through credit cards, ACH transfers, or other methods, which streamlines the payment process. Scheduled Payments: Property managers can set up recurring payment schedules, allowing tenants to pay rent automatically on specific dates. This eliminates the need for manual follow-ups. Late Fee Calculations: The software can calculate late fees automatically and add them to the outstanding balance, ensuring consistent and fair fee assessments. Payment Tracking: Property managers can track rent payments in real time. They can quickly identify overdue accounts and take appropriate actions, such as sending notices or initiating eviction proceedings if necessary. ProBro, as a leading property management software, excels in automating rent collection and payment tracking. Its user-friendly interface and robust features make it a reliable choice for property managers seeking efficient rent management solutions.
What is the difference between a mortgage and monthly rent?
Monthly rent is payment for using someone else's property.A mortgage payment is payment for a loan you obtained to purchase real property that you own.Monthly rent is payment for using someone else's property.A mortgage payment is payment for a loan you obtained to purchase real property that you own.Monthly rent is payment for using someone else's property.A mortgage payment is payment for a loan you obtained to purchase real property that you own.Monthly rent is payment for using someone else's property.A mortgage payment is payment for a loan you obtained to purchase real property that you own.
What is a charge on property?
payment
How do you get your down payment back on foreclosed property?
Your down payment was used to purchase the property and was paid directly to the seller. You don't get it back.
Property Management Agreements: How They Work and Why Owners Need Them?
How do property management agreements function and why do owners require them? Property Management Agreements are significant, and Remaxstar Estate Agents Ilford is aware of this. The duties and obligations of both property owners and management businesses are outlined in these agreements. We guarantee effective management, maintenance, and tenant interactions thanks to our expertise. visit find out more about how our services can help property owners, go visit estateagentsilford.co.uk.
Lease states NO changes modifications or assignments of lease unless all agree Is addendum to Change Owner or Property Manager valid Property manager taking over and changing where payments are made?
This is an existing lease. Does not state anywhere that agents can work on behalf of landlord. Clearly states no changes or modifications. Also has clause stating that lease can't be assigned without both parties' consent. I received a notice in the mail titled "Addendum to Lease or Rental Agreement, Change of Owner or Property Manager. It is a form that was filled out by a property management company, who is apparently taking over property. They state new address for notices, and also give new payment address. According to notice (which was postmarked yesterday, I am to pay rent that is due 4/17 at their office. Two days notice! Is this valid??? I have lived here for 14 months, and landlord previously required I make payment directly into her bank account. What are my rights as a tenant, given the provisions of my existing lease? I live in CA. New management company also called to say they want to come by. CA landlord tenant act and my lease do not give permission for entry for inspections. Don't I have to agree to any addendums?
What does rental real estate mean?
Rental real estate is any property for which the owner receives payment by another for use or occupation of the property. It can be commercial, storage, industrial, residential or vacation property.Rental real estate is any property for which the owner receives payment by another for use or occupation of the property. It can be commercial, storage, industrial, residential or vacation property.Rental real estate is any property for which the owner receives payment by another for use or occupation of the property. It can be commercial, storage, industrial, residential or vacation property.Rental real estate is any property for which the owner receives payment by another for use or occupation of the property. It can be commercial, storage, industrial, residential or vacation property.
