
Management company eating up every penny of profit
Long story short I just started my first rental and have a management group. 11% per month.
It’s been great as far as no headaches, found some good tenants. I don’t like close to the location of this rental to do it myself.
Then shit gets interesting. Every month I get my statement, rent and THEN comes the deductions. ALWAYS maintenance fees, zero itemized receipts, pictures, nope $650. Dryer doesn’t dry a load of towels? It’s a fairly new dryer. Washing machine always leaking? Every month! Skunk under the deck last month? But they own dogs? I’m charged! No pre authorization, no receipts.
So now how in the fricken world, besides dumping this company does one solve this as the owner of the house. Issue I had is it’s a 1 bathroom home and other companies didn’t want to take on the task…. Told me it would be hard to rent as it’s renting….
Sorry for this, just really need input on how to show the management company I know what you’re up to so this is how I’m going to run things moving forward.