About Property Managers

Ask A Pro Definitive answers to your property management questions

Q: What recourse do landlords have for property manager conflicts of interest?

My property manager sold my tenant a new home. They wanted to break the lease three months early. The property manager re-rented the house for another 12 months without contacting me. He contacted me after he sold them a home and re-rented my home. The new tenant has pets. I…






Q: Are property managers liable when they fail to fulfill client requests?

We had our property manager listed as the real estate agent when we decided to sell. It turns out the property was in terrible shape from the last renters. He kept this information from us. Can we hold him liable for not making the house ready for viewing when he…






Q: What are the document retention requirements for property management companies?

What is the document retention requirement of a property management company for power of attorney and financial lease documents? – Patrick from Jacksonville Beach, FL For real estate professionals, the general rule of thumb is that you should retain copies of all expired leases for at least seven years. This…






Q: Do property managers pay bills out of pocket?

“Do property managers pay bills out of pocket and then get refunded by keeping additional rents when sending money to the landlord? Or do they have access to landlords’ bank accounts and pay vendors directly from there? How does the billing between manager and landlord normally work?”  – Hank from…






Q: Is it legal for real estate agents to work as property managers without their broker’s knowledge?

A Florida real estate sales associate, working for a broker, is performing property management duties without her broker’s knowledge, for which she collects payment directly. She uses the local multiple listing service to secure tenants and then takes over as a “personal or asset manager.” She is not doing this…






Q: Can landlords select tenants to be property managers?

My landlord, who frequently travels to Japan, just selected a tenant to be the property manager. Can the owner ask me and the other tenants to put the rent money orders in the new property manager’s name, without the property manager being on any of the tenants’ leases? – Los…

Q: What happens to the property manager when a building is sold?

Q: What happens to the property manager when a building is sold?

What happens to the Property manager when a building is sold? I am currently managing a 50+ unit building and I just learned that the building is now in escrow. The property management company I work for will not have a position for me once this building is so yet…

Q: Can a management company change rules without homeowner approval?

Q: Can a management company change rules without homeowner approval?

Can the management company make major changes to the rules and regulations without the approval of the homeowners? – Chicago, Illinois That depends what you mean by “homeowners.” If you mean can they make major changes to rules and regulations without the approval of the homeowners as a whole –…

Q: Can a property manager charge me if my tenants have moved out?

I have a house that I have through a property manager in Michigan. My tenant moved out sometime in September and the property managers didn’t even know. It wasn’t until someone went to work on the property and they told the property managers. They have charged me $300 for evection fees.…

Q: What license is required to run a property management company in Puerto Rico?

Q: What license is required to run a property management company in Puerto Rico?

I am a real estate agent in Kentucky. I would like to move to Puerto Rico and run a vacation property management company. What license requirement do I need to meet? – Louisville, Kentucky Well, the first thing you should know is how to communicate effectively in Spanish. Even if you…






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