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Cinderella Chronicles * Part 16 * Third Time is a CHARM!

By
Property Manager with Gibson Management Group, Ltd.

I showed a townhouse on Friday to a GREAT applicant * I already had her application PREapproved * and she wants to move in Monday - in 3 days....the unit is ready and I just needed to do the lease packet paperwork ( 6-page lease & 20+ page Resident Handbook) and we agreed to meet Saturday/next day at her work.

When we met and she was reading the lease, she asked * THIS HOME IS NOT GOING INTO FORECLOSURE? Right? * the home she currently occupies is on the auction block mid-April and the home she lived in PREVIOUSLY, had also been foreclosed on ♥ and BOTH properties had been professionally managed by real estate firms - a real estate firm where the broker was the property owner AND a professional property management firm where the property owner was a NEW client and had REMOVED the foreclosure notice from the property prior to renting it to her.

In BOTH instances, she was not warned the property was in foreclosure and in the first instance, she had to move OUT less than A MONTH after moving IN.

 

 

It cost money to move and she was only reimbursed by the first property management firm by them not charging her rent for the month she lived in the property AND she had her deposit returned so that she could relocate * AGAIN.

NOW...she has a lease through next June, 2014 at a GREAT RENTAL RATE and the  townhouse is owned by an INVESTOR couple with several other rental homes in the area.

FINALLY * the SLIPPER fits!

Posted by

Wallace S. Gibson is a Certified Property Manager with over 50 years of property management experience and expertise.  She maintains a specialized property management business in Central Virginia serving Albemarle, Greene, Fluvanna and Louisa counties  

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Comments(5)

Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Hi Wallace.  That is awful how the other management companies sand bagged her.

Mar 30, 2013 09:20 PM
Michelle Francis
Tim Francis Realty LLC - Atlanta, GA
Realtor, Buckhead Atlanta Homes for Sale & Lease
Wallace, God bless her to deal with that twice. We've even seen folks renting a $7,0000 a month luxury home have it foreclosed. Important to know ahead of time! All the best, Michelle
Mar 31, 2013 05:45 AM
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

IMHO * the management firm had no clue - new client and they do not do their due diligence on checking for notice of default filings.  The real estate BROKER who was collecting RENT and did not advise her the property was in foreclosure should have their license pulled.

Mar 31, 2013 06:45 AM
MichelleCherie Carr Crowe .Just Call. 408-252-8900
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

It's good that Cinderella found her "fairy godmother" with the "right fit" - you!

Mar 31, 2013 01:27 PM
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

I feel very badly for her and her son and their frequent moves at no fault of their own

Mar 31, 2013 07:42 PM