Core Development claims its property managers fleeced firm of rent money

Landlords usually go after tenants for not paying the rent. But in a new lawsuit in New York, a prominent landlord alleges that its own property-management firm is bilking it of rent money. Josh Guberman’s Core Development Group is suing Nick Spaho and Fation Spaho, and Core Management NY, the management company the two run, for allegedly not collecting or not remitting about $420,000 in rents and fees, not including approximately $600,000 in applicable penalties […]

from The Real Deal New York

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