Most owners who are unhappy with their property manager stay put for years longer than they meant to, because switching feels like it will be a mess.<\/p>\n\n\n\n
It is usually a thirty-day notice and a handful of documents. Here is exactly what happens, so you can decide based on the actual process rather than on how it feels.<\/p>\n\n\n\n
They should not. A tenant’s lease runs with the property, not with the manager. Their term, rent and terms are unchanged. What changes is where they pay and who they call.<\/p>\n\n\n\n
In our experience tenants are usually relieved. A large share of owners switching managers are doing so because maintenance requests were going unanswered, and the tenant knows that better than anyone.<\/p>\n\n\n\n
Nothing. There is no setup fee, no onboarding fee and no takeover fee on our fee schedule<\/a>. You would owe your current manager whatever your agreement with them requires, which is between you and that agreement.<\/p>\n\n\n\n Between tenants is cleanest, but mid-tenancy is entirely routine and most of our takeovers happen that way. Do not wait for a vacancy if the reason you are switching is that vacancies are the problem.<\/p>\n\n\n\n It happens, and it is usually resolved with a written demand referencing the agreement. Security deposits in particular are trust funds and there is no legitimate basis for withholding the accounting.<\/p>\n\n\n\n No. The existing lease stands until it expires. At renewal we would move them onto our lease, which is when we would also do the sixty-day renewal inspection<\/a>.<\/p>\n\n\n\n Typically the notice period plus a week or two for the file transfer and inspection. Most of the elapsed time is your notice period, not our work.<\/p>\n\n\n\n\nQuestions<\/h2>\n\n\n\n
When is the best time to switch?<\/h3>\n\n\n\n
What if my current manager will not hand over the file?<\/h3>\n\n\n\n
Will my tenant have to sign a new lease?<\/h3>\n\n\n\n
How long does the whole thing take?<\/h3>\n\n\n\n
📊<\/span>Have a deal in mind? Let’s analyze it now with the Proper Deal Calculator<\/b>Cap rate, cash on cash and monthly cash flow in about thirty seconds. Free, nothing to sign up for.<\/em><\/span>Analyze a deal ▾<\/span>Close ▴<\/span><\/span><\/summary>\n