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Dodgy property managers - 11 shonky practices that are costing you money

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Your Investment Property | 20 Mar 2014, 04:39 PM Agree 0
Like it or not, your property manager could be the single reason you’re not making as much money from your investment property as you could. So how do you spot the dodgy tricks played by shonky property managers?
  • Alex | 27 Aug 2015, 02:16 PM Agree 0
    What about Real estate agent holding your rent for a month before they give it to the land lord? Is that common practice by all real estate agents or am I just being fussy?
    • MP Estate Agents | 29 Jul 2016, 11:43 PM Agree 0
      Hi Alex, any agent that holds your rent for any longer than a few days after they receive it is just using your money to fund their cashflow. The ethical agents that I have come across pay their landlords at least once a week, my firm pays twice a week (Wednesdays and Fridays). If you are still with that agent you should insist on being paid when the tenants pay otherwise take your business elsewhere.
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