They stayed away from the house for one night to make it legal, after which I presented the agent with the court’s eviction notice, and he was forced to return the security deposit and pay me what he owed me on the rent. My tenants returned to me after that, we signed a new lease, and I took over management of the house. However, be aware that an amicable eviction and wresting the property away from another management agent does not always work out.Do you want to learn more? Visit Polaris Property Management, LLC
It should not be assumed that just because you use one management company to manage one or more properties, you will use the same company to manage any subsequent properties you acquire in the same area. In reality, enlisting the services of two competing firms can be beneficial, as each would attempt to outdo the other in order to attract more business. This relates to my previous programme on choosing builders. Always get three quotes for every project, and don’t settle for one builder all of the time. The same is true for agents.
If the property manager does not react quickly to tenant complaints or repairs, you will lose your tenants and your rent. Let me tell you about a situation I encountered when I first started investing in property in the United Kingdom. I recently had some tenants move into one of my properties after signing a lease agreement and paying a month’s rent and a security deposit in advance. I had delegated property management to an agent with the agreement that my tenants would contact them with any concerns that arose, and they would act on my behalf as soon as they were aware of any issues that needed to be addressed. What followed was a nightmare for these tenants. The roof in the master bedroom began to leak from day one, unbeknownst to me.