Field says property owners are telling him they haven't received rent payments in months. He's offering his companies services but is not assuming responsibility for their problems. "I'm not associated with them, I don't know anything about their books."
But the State Department of Real Estate is familiar with their books. According to court records an audit last year uncovered a $25 thousand shortage in the trust fund where clients rent and deposits were kept. As a result, Eanes' Broker's License was revoked. He could only keep working if supervised by another broker.
Tom Pool a spokesman for the department said, "We don't have a record of him ever being employed or supervised by a broker. So according to our records from December to date, he should not have been doing any actions for which a license is required."
Fields says Frankien Properties was managing more than one hundred houses. He doesn't know why it failed. "To just close your doors, I don't know. Not normal to me, but people are closing their doors left and right these days."
One property owner who appeared at Frankien's office late Wednesday told Action News they had not received rent payments for several months.
Efforts to contact Kevin Eanes were unsuccessful. He bought Frankien in 2006. The former owner now operates a property management company with a similar name in Visalia but is not associated with Eanes Company.
