Updated almost 2 years ago on . Most recent reply
Firing of property manager
Property manager for one of my properties failed to notify me that the tenant left with no notice. It wasn't until rent was 2 months unpaid that I messaged to ask what was going on. Long story short it took them a month to notify me of a vacancy and only told me after I asked. It took 6 weeks to get a rent ready bid. They said it will be another 2-3 weeks until the work is done. It is a fairly standard turn with paint, cleaning, junk out, and soffit repairs. AH!
Management agreement states 30-day notice for me to end the management agreement. I'm thinking of changing management companies ASAP as I have another manager in the same market. The reason I would leave is current manager is doing a terrible job and making me bleed $. Do I give the 30 days' notice and keep letting this ride or just tell them their management is unacceptable and move on immediately? I have 3 properties with them and hate to burn bridges, but this is my investment!
It's crazy how much I have to manage the manager :-(
Most Popular Reply
I would give 30 day notice right away in writing and instruct them to hand everything over to your new manager (and their information) I would think the vacant one could transfer immediately and the other 2 may take a little longer to get set up for the new manager with the government assistance. But agree, it's time to move on.