Behaviours that drive real estate managers crazy and you will eventually be fired. Repeated failure to distribute funds on time. When I was working in private management, our company changed ownership systems and in the first month, some owner distributions were not made when we promised. We immediately turned to these owners to inform them of the problem and received the distributions the next day. That`s what a serious manager does. They do not try to hide their mistakes, but immediately inform their customers if there is a problem and let them know that a problem has occurred and how it is resolved. Before hiring a real estate manager to manage your rental property in Oregon, always check to see if he or she is authorized accordingly. You can check the status of Oregon property managers` licenses through the state`s «Licensee Search» website. So don`t give up responsibility for your property. For Terry Shockley`s victims, their only recourse was to sue him in plainclothes and try to make his fortune. I`m not sure how successful they are. Shockley ended up in prison only for fraud over the wire during the OREA investigation by sending false financial data to a non-governmental Internet server.

It was a criminal act, but stealing everyone`s money was not – it is considered a civil matter under the law. Your manager is your business partner, not your friend. Don`t hesitate to ask the difficult questions and hold them to account. Evictions are terrible – perhaps the worst task property managers have to do. If you are in business long enough, you will probably have to go through the evacuation process at least once. Here`s a local example of eviction in Oregon: Sherrie Baldwin, 62, returned to her campervan one afternoon to find that one of her 24 bearded kites was floating unconscious in her small swimming pool. She thought about her feet and immediately administered a modified version of CPR to bring her pet back to life. Soon after, the local press spoke of the miracle and it spread like wildfire – to the pages of the New York Post. Everyone in America knew Sherrie as the bearded dragon whisper… including their property manager. What is their financial monitoring process? Money problems are the source of most complaints to orEA about licensed managers. Companies with strict financial controls have lost less money, so you should ask how funds are treated by tenants and customers.

How to interfere to reduce the risk of embezzlement of clients? The OREA requires management companies to triple-coordinate corporate funds once a month, finding irregularities. Is your future manager`s meeting a rule? The property management contractSe gives typical parts of a property management contract – duration, fees, reporting dates, power to pay, insurance requirements, property reserve requirements, etc.