We Were Robbed by our Property Manager (how to Find the Best Property Manager Money Can Buy)
We were taken for a ride by a property manager we had in Toronto. His services were cheap (5% of the rent and no charge for new tenants except advertising costs). That’s real cheap, if you don’t count the fact that he was stealing rent money from us!
Before hiring him to manage our tri-plex in Toronto, I researched him a bit and learned that he was a Mom & Pop-type shop and was registered with the Better Business Bureau, but I didn’t check references or dig much deeper than that. His scam? He collected $950/month from our tenants but only told us we were getting $890!