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Updated about 5 years ago on . Most recent reply

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Charlene Ipalawatte
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drop the property management company

Posted

Do I have to take over a property management company when I purchase a property with renters already in there? The property management contract with existing owner does not state it???? 

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Bjorn Ahlblad
  • Investor
  • Shelton, WA
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Bjorn Ahlblad
  • Investor
  • Shelton, WA
Replied

@Charlene Ipalawatte the PM contract is with the prior owner. You have no obligations to them. Give the tenants new payment instructions when you introduce yourself in person or otherwise.

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