Hi all,
We have a case of bad tenants (several notices to evict, but they always manage to pay by the deadline) - we thought they weren't paying at all for a month, but it turns out they are paying weekly installments - but the PM says they don't pay us until the tenant has paid in full for the month (it's the way their computer system works ) - is this normal or legit? Seems like they're holding our money to me....
We have other tenants (with other agents) who have been late or short-paid on occasion, and the agents have always passed the funds received through.
Has anyone else had the experience of the PM not putting through the rent until it's paid in full for the month? Should we be escalating this, or is it normal?
Thanks,
Jen
We have a case of bad tenants (several notices to evict, but they always manage to pay by the deadline) - we thought they weren't paying at all for a month, but it turns out they are paying weekly installments - but the PM says they don't pay us until the tenant has paid in full for the month (it's the way their computer system works ) - is this normal or legit? Seems like they're holding our money to me....
We have other tenants (with other agents) who have been late or short-paid on occasion, and the agents have always passed the funds received through.
Has anyone else had the experience of the PM not putting through the rent until it's paid in full for the month? Should we be escalating this, or is it normal?
Thanks,
Jen