How Property Management Is Dealing!

The former owner of a Colorado Springs residential or commercial property management business is wanted for scamming landlords and occupants from 10s of countless dollars.

Authorities stated Holly Janette Dalton, 44, is desired on theft charges. Dalton was the owner of Premiere Characteristics and Management, which also did business as Encore Properties. Business, which was first licensed in 2010, was located on Kelly Johnson Boulevard in Colorado Springs.

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Police said Dalton took damage deposits paid by renters and held in escrow for her customers, and utilized them for her own advantage. She also prepared a lapping scheme where she would take rental payments, pay some landlords, and keep the money suggested for the other landlords. Months later on, she would pay the missed out on payments utilizing cash implied for other property owners.

Cops stated Dalton’s scheme broke down when she could not keep the missing out on rental payments present.

Authorities stated 15 proprietors and more than 27 occupants came down with Dalton’s scheme. The total amount of the theft was $95,937.

Dalton’s Colorado real estate broker license was suspended in December 2016, after Colorado Property Commission detectives discovered evidence of the misconduct.

The previous owner of a Colorado Springs residential or commercial property management company is desired for scamming property owners and renters out of 10s of thousands of dollars.

Authorities stated Holly Janette Dalton, 44, is desired on theft charges. Dalton was the owner of Best Characteristics and Management, which likewise worked as Encore Properties. The business, which was very first accredited in 2010, was located on Kelly Johnson Boulevard in Colorado Springs.

Police stated Dalton took damage deposits paid by renters and held in escrow for her customers, and used them for her own advantage. She also created a lapping scheme in which she would take rental payments, pay some property owners, and keep the money suggested for the other landlords. Months later, she would pay the missed out on payments using loan implied for other proprietors.

Cops stated Dalton’s plan fell apart when she could not keep the missing out on rental payments present.

Cops said 15 property managers and more than 27 occupants fell victim to Dalton’s scheme. The total amount of the theft was $95,937.

Dalton’s Colorado real estate broker license was suspended in December 2016, after Colorado Property Commission investigators discovered evidence of the misbehavior.

 

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