PHOTO: STUFF – One of the landlords affected says he lost $20,000.
Nearly 25 landlords may have been robbed of thousands of dollars by an Auckland property manager.
A spokeswoman for Ray White confirmed that former property manager David Sharma had “potentially been misappropriating funds” from up to 25 landlords.
Sharma is also currently under investigation by the REAA.
His company Property Management Out West traded under the Ray White banner.
Neil Pinto, one of the landlords whose properties were managed by Sharma, claims his company had “skimmed” money from rent payments since November 2016.
Pinto estimated he had lost $20,000 in total and says he’s had to borrow money from the bank to cover mortgage payments.
READ MORE VIA STUFF