Property manager for Lacey apartments allegedly pocketed $40,000 in rent

Staff writerJune 21, 2013 

The former property manager of the 6th Avenue Place apartments in Lacey is accused of stealing more than $48,000 from his employers when he pocketed rent money paid by tenants of the apartment complex, court papers state.

Lacey police arrested the former property manager, Gregory Koshiro, 30, on Thursday on suspicion of first-degree theft. A judge found probable cause to support the allegation against Koshiro during a hearing Friday, but also allowed him to be released from the Thurston County Jail on his personal recognizance, meaning he did not have to post bail.

The alleged theft came to light in April, when one of Koshiro’s superiors at Olympic Management Co. began investigating why so many tenants at 6th Avenue Place were late on their rent, court papers state. The employee called Lacey police when he learned that the tenants had been paying Koshiro in cash or with blank cashier’s checks, and Koshiro was not depositing the money into the bank as he was supposed to.

Most residents of 6th Avenue Place who owed back rent said they had paid Koshiro in cash or with blank money orders, according to court papers. “Some produced written receipts, some money order stubs, and a few with copies of their certified checks,” court papers state.

It is against Olympic Management’s policy to accept cash or blank money orders for rent.

Also according to court papers:

Investigators learned that Koshiro had moved tenants into vacant units at the apartment complex without reporting the new rentals to the management company. Koshiro is accused of instead taking cash or blank money orders for rent and keeping the money.

Several tenants of the apartment complex also reported that they had never received packages that were supposed to be delivered.

On May 13, an investigator with the management company reported to Lacey police that the company had lost $48,307 due to Koshiro’s alleged thefts.

Officials at Olympic Management Co. could not be reached for comment Friday. Olympic owns more than 50 apartment complexes in western Washington, from Marysville to Vancouver.

When an Olympic employee confronted Koshiro about his allegedly accepting cash or blank money orders from tenants for rent, Koshiro denied it. During an interview with Lacey police, Koshiro also denied taking money from his employers and “was confused as to why he was terminated.”

Koshiro has no prior criminal record.

 

Jeremy Pawloski: 360-754-5445

jpawloski@theolympian.com

 

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