Property manager not looking out for landlord’s interests

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

DEAR BOB: I own a single-family rental house, which I once occupied, but have rented it to tenants since 1994. Because we now live three hours away from the house, we use a professional property management firm. After many years of good relationships with the tenants, we now have a tenant who is routinely having plumbers in to unclog drains, repair disposals, check for gas smells (none found), and other costs of about $600 per month. The management company "hopes" the tenants will get better. As a retiree, I am very concerned about these high monthly expenses and the reluctance of the so-called management company to handle the situation seriously. I want to keep the house. What advice do you have? --Heather H. DEAR HEATHER: It sounds like you have a bad professional management company. As the landlord, you should not be paying to unclog drains and for other plumbing problems unless the pipes are in bad condition or if tree roots clog the sewer to the street. Purchase Bob Bruss repor...