I wanted to start a thread to discuss ways that unethical property managers and real estate agents cost us investors huge money. So we are thinking of renting for a variety of reasons, mainly related to tax and business, but after 6 months there has been only one place we would contemplate moving into. It's bathroom was so wrecked that not many wanted it and the stove was easily the dirtiest stove I have ever seen in my life. I put in an application for $420 a week and got accepted by the property manager as I had excellent references from our longest rental plus I own and have managed so many properties. The Property manager told me I could have it for $470 a week. The owner wanted $470 a week, I counter offered $450 a week and a 1.5 year lease plus that I would buy a new $3000 stove for him and leave it when I leave and move in quickly to save the owner money by paying him rent early. (I knew a rich person that bought a stove but it did not fit their kitchen so they wanted to get rid of it for $500) But the property manager did not pass on the offer because they don't want tenants haggling here in Newcastle Australia and to teach me a lesson for trying to low ball and break the real estate agents monopoly. So the property remained vacant for another 12 weeks after standing 5 weeks empty and then they rented it out for $460. Property managers look after themselves. I also found out that they also tried to get the owner to sell telling him nobody is interested in your property, because they can get a huge commission of $30000 by selling the place as opposed to a measly $2400 a year from managing the place. I know who the owner is and can meet him and tell him all about it. So investors if you think you can trust your agent, good luck. Whenever your property remains vacant and property managers can't find tenants or they find bad tenants to devastate your property, trust me , don't trust them, take things into your own hands. I have had multiple cases of agents doing everything they can for me to sell properties as my properties are top notch in top notch locations. What other ways have you been screwed?