Comments on: Should You Buy Or Should You Lease Your Property

By: charles w

charles w — Tue, 27 Jul 2010 15:50:59 +0000

The owners do not have to be there. Many times the owners are not involved in the day to day management of the property they own. Thats what management companies are for.

You should check with the New York State Department of State Divison of licensing and see if the management company is listed as apartment vendor. One of the current scams is for people to misrepresent themselves as having leasing authority for a property which they have no interest or authority over. Someone tried to take deposits for a property I own.

The NYS DOS website ishttp://www.dos.state.ny.us/lcns/professions/aptvendor/aptvendr.html
References :
Landlord

By: gafpromise

gafpromise — Tue, 27 Jul 2010 15:48:59 +0000

It is very common for property management to sign as agent for the owner. The owner is not required to be at a lease signing. The question is how you feel about the management company. If you do not feel they will be attentive or competent property managers, or if something smells fishy, listen to your instincts!
References :

By: Gaijin

Gaijin — Tue, 27 Jul 2010 15:46:59 +0000

Broker is acting in the owners interest,owner doesn’t need to show up.Your dealings as far as the property goes will be through the broker or any agent the owners designate.
References :
Apt manager

By: SEA D

SEA D — Tue, 27 Jul 2010 15:44:59 +0000

you are only leasing the place now if you were buying then i would be concerned. sign it and if the owner does come by you can’t be evicted unless you don’t pay.

you might want to change door locks in case previous tenant may have extra keys, and check windows to.

a friend after one week she was all moved in was cleaned out a note was left "here are a extra set of keys"
References :

By: fafa fo hi

fafa fo hi — Tue, 27 Jul 2010 15:42:59 +0000

As long as the Management looks legit you should be ok. But you cant expect owners to show up every time they need to sign a lease, that’s crazy. Just sign it and move in, no big deal. You have the lease and the keys so you are good to go.
References :
http://www.OscarPinto.com

By: rainedayz_tx

rainedayz_tx — Tue, 27 Jul 2010 15:40:59 +0000

Why would the owner show up? In the 15 yrs I have managed property at two different places not once has the owner ever showed up for a lease signing or signed a lease.That is what managers do,they do the paper work,sign the leases and anything else and take care of everything so the owner does not have to deal wi the residents.I really fail to understand what the problem is here. Managers act on the owners behalf.I could just imagine the owner where I work at’s reaction to something like this.
References :
15 yrs property management

By: jessica

jessica — Tue, 27 Jul 2010 10:38:08 +0000

should I sign a lease with property management when they tell me the owner is not able to show up?
I rent a 1br in Brooklyn. it is my first time dealing with brokers in Brooklyn. I got approval from property management for 1br today. they want me to sign the lease on this coming Monday. I ask to meet with owner in person when I sign lease. They told me the owner is not able to show up. I am wondering if I should sign the lease without owner’s name on the lease. Is there anything I should be cautious when I sign my lease? Is there anybody out there who have similar experience? Your opinion will be helpful to me.