How much time to fire a PM?

[Doug Peters]

We are needing to fire our Property Manager (PM) ASAP.

We have had them for many years, and don't have any official contract with them, or at least a written one that I know of.  Is there any fast rules on how much notice we need to give them?  

Would it be 30 days? OR shorter?

Also, we don't have our new PM nailed down yet either.  I assume it would be wise to get that set up before firing the old one right?

Thanks in advance for your advice.

[Brian Van Pelt]

@Doug Peters

. Unless there is malfeasance , I would not fire a PM without someone ready to replace them.
. Ask them for a copy of any agreement they have on record first.
. Make sure deposits are transferred to you.
. If it'd "for cause" no notice may be needed.

What brought this on ?