Property Manager Charged with Embezzling $1M from New Jersey Landlord | Landlords From Hell 19
Channel: HoltonWiseTV
Date: 2022-04-14

Real estate fraud schemes are all to prevalent in the property management industry. It appears that one New Jersey rental property owner found out just how prominent real estate scammers are the hard way. In the 19th episode of The Landlords From Hell Show, professional landlord James Wise is talking about the recent $1 million dollar embezzlement allegations against New Jersey property manager Nicolas DePaola. New Jersey landlord and property manager Nicolas DePaola has been indicted of 12 crimes related to his duties as the property manager of a New Jersey apartment complex. According to the Mercer County Prosecutor's Office the crimes range from first-degree financial facilitation of criminal activity and multiple counts of theft to failing to pay income taxes and filing a fraudulent tax return. In total Nicolas DePaola has been accused of embezzling approximately $1,149,784 from the New Jersey investor who owns the apartment building. During the show James Wise discusses how to protect your real estate assets from a bad property manager who is more interested than stealing your money than performing the property manager duties that come along with being a 3rd party property manager. There are several simple steps real estate owners can take to ensure their property management companies are properly handling the property management duties and responsibilities in a legal and ethical way. As real estate owners who have hired property managers to handle the day to day responsibilities of their investment property it's easy to put things on auto pilot. Unfortunately managing the property manager is a must to reduce the risk of being involved with a real estate fraud such as the fraud Nicolas DePaola is accused of commuting at the New Jersey apartment building that he was managing. Tune in to HoltonWiseTV for learn ow to manager your property manager and receive more property management tips. HoltonWiseTV is property management 101.


📺 CONTACT US TODAY
https://www.holtonwisepropertygroup.com/contact-us/investor-property-form/


📺 START INVESTSING NOW
https://visitor.r20.constantcontact.com/manage/optin?v=0014No5iJxuS6_2LK2eOy-Z3Z8vPo6Ue70Rgz1-JsiLcXs0fN-XvNrjAO-yqQL-PtgHzJuJxrySoTtSnSJbj_4me2y5LCAFQZqrI2jvtdZMLw6fXtLSIcFGLMD6ndU_hwunjZ_uoFnqILa2IoEXHuxSazyHx_wm65On


📺 MENTIONED ON THE SHOW
Ways you can work with Holton-Wise to Invest in Real Estate
https://www.holtonwisepropertygroup.com/property-search-for-sale/

Ways you can advertise your Business on HoltonWiseTV
https://www.holtonwisepropertygroup.com/advertise-with-us/

Property manager charged with embezzling $1M from apartment community
https://www.nj.com/mercer/2022/04/property-manager-charged-with-embezzling-1m-from-apartment-community.html

Mercer Man Charged With Embezzling, Laundering Stolen Funds:Prosecutor
https://patch.com/new-jersey/lawrenceville/mercer-man-charged-embezzling-laundering-stolen-funds

Prosecutors: Ex-manager bilked $1.1M from Hamilton Park CO-OP
https://www.trentonian.com/2022/04/05/prosecutors-ex-manager-bilked-1-1m-from-hamilton-park-co-op/

Ewing Property Manager Charged with Embezzling, Laundering Stolen Funds
https://www.rlsmedia.com/article/ewing-property-manager-charged-embezzling-laundering-stolen-funds

Property Manager Charged with Embezzling and Laundering Stolen Funds
https://www.nj.gov/treasury/taxation/pdf/2022/Nicholas-DePaola-Press-Release.pdf

Hamilton Apartment Property Manager Stole Over $1M from Co-Op Indictment Says
https://www.tapinto.net/towns/hamilton-slash-robbinsville/sections/law-and-justice/articles/hamilton-apartment-property-manager-stole-over-1m-from-co-op-indictment-says


📺 THIS SHOW SPONSORED BY
PropStream
https://trial.propstreampro.com/holtonwise/

Rentec Direct - Property Management & Tenant Screening Software
https://www.rentecdirect.com/holtonwise/​
sales@rentecdirect.com
(800) 881-5139

HoltonWise Rental Property Insurance
https://www.holtonwisepropertygroup.com/insurance/


📺 HELPFUL RESOURCES
Holton-Wise FAQ
http://www.holtonwisepropertygroup.com/property-management/property-management-faq/

Real Estate Data - PropStream
https://trial.propstreampro.com/holtonwise/

How to Pass the Cleveland Lead Paint Inspection & Get Lead Safe Certification | Ask James Wise 57
https://youtu.be/SAek3NYjSfM

Cleveland Point of Sale Inspection (Cleveland POS) | This is #HoltonWiseTV​ (Highlights)
https://youtu.be/yu6K3_oUDuI

The Ultimate Guide to Grading Cleveland Neighborhoods
https://www.biggerpockets.com/blogs/4704/42419-cleveland-neighborhood-grades

Free Property Management software.
https://www.rentecdirect.com/holtonwise/

Lower Your Rental Property Insurance
https://www.holtonwisepropertygroup.com/insurance/

Join our FREE Real Estate MASTERMIND
https://www.facebook.com/groups/TurnkeyRealEstateAndPropertyManagementMastermind

Wholesaling 101: The Ultimate Guide to Wholesaling in the Real World
https://www.holtonwisepropertygroup.com/education/

#HoltonWiseTV 📺 is #RealEstateInvestingMadeEasy