Showing posts with label bad property managers. Show all posts
Showing posts with label bad property managers. Show all posts

Saturday, December 1, 2007

If you can't spot the fish at the table . . .

YOU are the fish!

As some of you may or may not know, I own a house in Southern Oregon. This house is in a very nice town and is quietly working hard at earning me equity with which some day I will rule the world (Waaahahahaaa!-"Evil Maniacal Laughter).

When I decided to move to American Samoa I thought it would be a good idea to keep my house as a safety net in case I had to flee the then unknowns of the South Pacific. I rented my house myself feeling like I was doing a descent job of it. That was until a month before I was to move I drove by my house on my way through town. And saw garbage piled high on the side of the house. When I knocked on the door someone who was obviously living there, but whom I had never met before, answered the door. When I told this person he shouldn't be living in my house he started to verbally assault me.

At which point I got in my car and drove to a property manager I knew about. Didn't know personally, just knew about. I signed a contract. Gave her the keys and let her take over. There were a few rough spots with the tenants but I usually got my money on time. And my house didn't go up in flames.

Then they moved out at the end of the lease.

And my house (with a substantial mortgage) sat empty.

Months went by.

I was told the market was tight. Lower the rent. Accept month to month. Oh, and the previous tenants had left a mess, could I send the security deposit to repair? Uh, sure, here's $500 bucks.

Then the communication got less . . . and less . . . until I called my property manager ready to talk some real business.

And got a disconnected message.

And then my stomach did a back flip.

And I went to her website. And saw this.

Then I calmly did some research calling my real estate agent and discovered that what is worse than NOT having a property manager is having a property manger that has a gambling addiction and who is shut down without notice. Then I was no longer calm and cursed and shouted and marched around the house shaking my fist at the heavens.

And then I got back on the phone and made some calls. So now my house is back in the hands of a well referred Property Manger who is licensed and bonded. Something I'd assumed my other manager was, but DUH it turns out she WASN'T. No point in sueing someone with a gambling addiction if they don't have insurance.

Things could have been worse, though, as I hear that other owners are completely out security and last month rent deposits-which I had personally held because I had initiated the contract with my first tenants.

Of course I did get a call from my new manager telling me that apparently,the money I had sent to do repairs and clean had not been properly put to use. I suspect it's sitting in the coffers of Seven Feathers Casino a favorite of Southern Oregon gamblers. (I think I can just make out my property manager in the back of the photo on the right . . .)

This was a hard lesson to learn as I could have paid for my wedding with the lost rental income, but at least my house isn't burnt to the ground or a meth warehouse (which is a sadly real possibility in a county with a city that commonly is known as Methford).

If anybody is looking for a nice 3 bd, 1 1/2 bath in lovely Ashland Oregon let me know . . . .