Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

User Stats

7
Posts
2
Votes
James C.
  • Investor
  • Irvine, CA
2
Votes |
7
Posts

Changing PM, Current PM Non-responsive

James C.
  • Investor
  • Irvine, CA
Posted

I have been wanting to change PM for awhile, finally decided to do it 10 days ago. This is in TX.

I normally communicate with my current PM over text message. I informed him that I was switching and all of a sudden he isn't responding to calls, emails or text.

My question is if this continues, how do I get the current PM to transfer sercurity deposit and rent money he owes me after I switch? He is the broker at his own RE firm. 

Most Popular Reply

User Stats

506
Posts
311
Votes
Robert Melcher
  • Residential Real Estate Broker
  • San Antonio, TX
311
Votes |
506
Posts
Robert Melcher
  • Residential Real Estate Broker
  • San Antonio, TX
Replied

Provide written notice of termination via US Mail, Return receipt/certified. Provide contact information for your new PM, and advise your new PM to contact them for handoff.

Be aware of any charges you may be assessed for terminating (especially if the property is occupied).  Also, be aware of how long the notice interval is for terminating.

You should get a copy of the lease, application, move-in inspection/condition report, photos/video of the property's condition at move-in, keys, and a certified check for the deposit, minus any charges being assessed.  You will still be required to provide the full deposit to the new PM.

They should notify the tenant of the management change, and your new PM should do the same.

Loading replies...