Mimi Foster, Voted Colorado Springs Best Realtor (Falcon Property Company)

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Alan May
Jameson Sotheby's International Realty - Evanston, IL
An offer you can't refuse!

Why do people become property managers?  Well, for the money and glamour, of course.

Nov 14, 2023 11:33 AM
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

In my 40 plus years of management of properties, this is exactly one of the things I trained for and how to handle it to prevent costs, problems and the like. Here is the paradox: No one knows just how good I am because I prevent & eliminate problems. Because I do this effortlessly, my fees are questioned. People tend to handle or do business elsewhere until they come across exactly what I do thus realizing this guy knew his stuff.

Nov 14, 2023 11:09 AM
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

This is so terrible for the owner. You have to tough it up & take stock of what can happen with his younger child.  So sad.

Nov 14, 2023 02:25 PM
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

Well, I got instantly sick as did my buyer walking into a crack house unknowingly on a tour of homes back in 2005, so the precautions are understandable...unfortunate situation.

We still manage our homes Godfather-style so we make'em a lease they can't refuse - or violate. 😎😂

Nov 14, 2023 05:41 PM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

I remember.  Hopefully, the owner of the rental property can and will recpature the costs. 

Nov 14, 2023 04:31 PM
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

I quit the property management business when we had an oil boom Mimi Foster . The boom brought in a lot of good jobs but it also brought in all the scum that feed off of the new oil workers making more money then they can spend. Lots of meth and prostitution.

Nov 14, 2023 01:23 PM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC

Oh, Mimi, WOW! Just WOW! I totally didn't expect that after the last update. I do, however, wonder if it was the girlfriend though. I hope how soon your homeowner gets this resolved. 

Nov 14, 2023 10:10 PM
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Hope they had a large security deposit, and the tenant has a good income.

Nov 14, 2023 04:09 PM
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

And you know that "use" is pretty prevalent, just no one blows the whistle. Scary.  

Nov 14, 2023 11:09 AM
Steve Higgins
RE/MAX Kelowna - Kelowna, BC

I do remember. Very sad for the child and horrible for the owner. Why do people become Property Managers and not manage the properties that they are paid to manage? We went through 3 of them and lost a fair amount of money due to the fact that they weren't doing their job. We had to have them as we lived out of the province at the time.

Nov 14, 2023 05:11 PM
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text


Sigh . . . and there are 2 mindsets here - 'clean orderly father with younger child' is blameless and 'crazy X' did it . . . 

OR 'high functioning user' who can keep it cool in the 'real world' 

I knew a 'superagent' in SoCal who was a 'supertweaker' back in the 80s . . . few knew. One never knows.

As for why people become PMs . . . I did twice, in 2 states and I never will again. 

Nov 14, 2023 03:32 PM
Roy Kelley
Retired - Gaithersburg, MD

Thankfully, I never faced these issues when I was in the property management business. We sold that business long ago.

Nov 14, 2023 01:40 PM
Peter Mohylsky, Beach Expert
PMI. Destin - Miramar Beach, FL
Call me at 850-517-7098

New experience to me, thanks for sharing and the update

Nov 14, 2023 11:58 AM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Wow, the security deposit certainly won't cover all of that.  This is certainly an extreme example of the horrors related to rentals and property management, haha.

Nov 15, 2023 01:29 AM
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
NC Real Estate Transition & Relocation 919-602-848

Oh wow! I was hoping it was all a lie. I guess it is hard to say if it was him or the ex. I hope he knows how dangerous it is to the child. Let us know how this ends up. 

Nov 15, 2023 04:56 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Oh wow, Mimi. Wish I had answer for your question. You probably couldn't pay me enough to be a property manager!

Nov 15, 2023 04:53 AM
Doug Dawes
Keller Williams Evolution - 447 Boston Street, Suite #5, Topsfield, MA - Topsfield, MA
Your Personal Realtor®

You never really know what you're going to get when dealing with people.

Nov 15, 2023 07:49 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Money for the owners and problems for the property manager. It's take a special breed to be a good and tolerant property manager. as an asset manager many years ago for a large portfolio of mainly multifamily I had the utmost respect for those on the front line.

Nov 15, 2023 04:52 AM
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

I only know why I'm no longer in that business.

Nov 15, 2023 02:59 PM
Caroline Gerardo
Licensed in 20 states - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

Sideways off topic--- I started doing 2 loans for an investor in North Philadelphia, Kensington which is the cornerstone of a new epidemic called tranq (also called the zombie drug). Investor thought he was getting golden goose until I sent a link. Why do people fall down this deathly hole?

Nov 15, 2023 02:12 PM
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

A friend sent me the IG link to a post: ''House for sale… includes “inactive Meth lab”. The price is shocking (not shocking) in CA'' . It is  $1.5 mln . Someone comment nailed it:  ''Let’s rephrase that. “Comes with a positive cash flow business inside!”

Nov 16, 2023 01:01 PM
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

Property Managers make money and those that are Realtors get listings from some of the properties that they manage.  There is a downside to everything we do in life.

Nov 15, 2023 11:29 AM