Am I Wrong For Ending My Management Contract Without Notice?

5 Replies

I've been working with my property manager since November 2018, and since then i've always felt very out of the loop on information about my property. He would go days without returning calls / texts / emails. And always send rent checks late. He even allowed a new tenant to bypass the last months rent up front because they didnt have the money (and he made this decision without first confronting me). So I found a new company a few weeks ago, gave them a call and was pleased with the knowledge and the responsiveness. I terminated the contract with my old manager (and this was allowed as stated in the contract) but when i called my old manager to tell him he was very very upset, it felt like a breakup, and he was begging for a second chance and also "very concerned" about a situation he was dealing with regarding tenants on one of the floors. Now I feel like I should have given him more notice, or explained that i was unhappy at some point. He was a really nice guy, neighbors seem to like him, am i wrong to terminate without warning? 

There are lots of nice people who are ineffective.

Should you have expressed your concerns?  Possibly, but not for moral reasons.  Expressing concerns or making a change were both acceptable solutions.  Time to move on.

Originally posted by @Charles Giovanniello :

I've been working with my property manager since November 2018, and since then i've always felt very out of the loop on information about my property. He would go days without returning calls / texts / emails. And always send rent checks late. He even allowed a new tenant to bypass the last months rent up front because they didnt have the money (and he made this decision without first confronting me). So I found a new company a few weeks ago, gave them a call and was pleased with the knowledge and the responsiveness. I terminated the contract with my old manager (and this was allowed as stated in the contract) but when i called my old manager to tell him he was very very upset, it felt like a breakup, and he was begging for a second chance and also "very concerned" about a situation he was dealing with regarding tenants on one of the floors. Now I feel like I should have given him more notice, or explained that i was unhappy at some point. He was a really nice guy, neighbors seem to like him, am i wrong to terminate without warning? 

 I can't stand amateurs. They have no place in the property management business. The guy you hired is the definition of an amateur He is not a professional property manager, he is simply an employee that you hire and then fired lol. Sounds like a good move to me. Again amateurs are bad in the property management business. You need to have a large professional management company with systems and staff in place to effectively manage your properties.

@James Wise Thanks for your reply James, you're right. And i felt a lot more comfortable that the new company has a staff in place rather than it being just one guy. Let's hope i can easily get my security deposits back now and we're not dealing with a hostile takeover..

@Charles Giovanniello Congrats!  Sounds like you made a decision on something that was long overdue. Let’s just hope your old manager takes this opportunity to see where they could have been better so they don’t lose more owners like yourself down the road.  

@Charles Giovanniello I think you did the right thing by moving on with a new PM. If someone is paid to do something and they are not doing their job well, then there shouldn't be any further discussion no matter how good of person he is. I am new to BP and don't really have experience in real estate, but I just though to share my opinion with you.