Wednesday, October 29, 2014

Change the locks? I didn't

My former Condo Association President Kesha emailed me asking if I knew anything about the lockbox on the gate.  She had already asked me about my realtor removing the For Sale sign from the fence.  Realtors tend to leave their signs up as long as possible for advertising purposes. I sent a note to Gary and Marco asking them if they would like the sign back before it gets tossed in the trash which I understand they did, so if they had a lockbox they would have likely retrieved it as well.

So I sent a note to my contact at Chicago Apartment Finders and to My Former Property Manager just framing it as "hey I sold my condo so I don't care what you do but if that lock box costs what I think it does, you might want to come fetch it before the CA cuts it off the fence."  I of course used nicer language and emoticons.

My Former Property Manager, upon hearing the news that I sold the condo, congratulated me and said he would take care of the lockbox.  No acknowledgement that I managed to sell 1) without his special brand of help and 2) at a higher price than he believed I could achieve (I'm confident he looked it up as he knew my property had been listed and at what price).  

Note:  I wanted to post this Dilbert Cartoon which aptly describes Former Property Manager business model.  Alas there is no way to download it and the image-by-url feature is blocked for copyright purposes. 

I should point out that I am very lucky he was so recalcitrant in his stance in using an Exclusive Rental Agreement contract.  Had he offered an Non-Exclusive Agreement like Chicago Apartment Finders I probably would have just let him find me a new tenant and I'd still be a Reluctant Landlord right now. 

Former Property Manager said that the new owner would likely change the locks.  Well I certainly didn't.  I certainly intended to but that task slipped away from me, both in terms of cost and time.  And I suppose I was hedging my bets that since the former owners bought in Saganash they really didn't need anything from my bachelor pad.

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