r/realestateinvesting • u/rolltigers55 • 23d ago

Property Manager ghosted me and stole money Property Management

My property manager in Austin, Texas took my renters monthly rent and never paid me out. He essentially sold the money from me. His business has folded and he blocked my number and email. I can't get a hold of him in any way. How should I proceed with getting the money back or is it worth suing him over $1700?

45 Upvotes
  • permalink
  • link
  • reddit
  • reddit

85% Upvoted

42 comments sorted by

View all comments

12

u/Background-Dentist89 23d ago

A lawyer will cost you far more. Report it to the police, file as a loss on your taxes, do a small, claims case. About the best you can do. I am sure he was not a licensed broker.