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Updated about 14 hours ago on . Most recent reply

User Stats

28
Posts
9
Votes
Pratik Patel
  • Investor
  • Charlotte, NC
9
Votes |
28
Posts

Need advice about ending local property manager contract

Pratik Patel
  • Investor
  • Charlotte, NC
Posted

Hello everyone,
I will greatly appreciate your input regarding this property management contract issue. 

I would like to end current local PM service and self-manage this property instead. 

Per current PM contract, when I emailed 90 day written notice to current PM to not renew her PM service at end of current tenant’s lease and asked her to share tenant’s contact info so I can ask tenant myself if they would like to renew lease, local PM is stating that since she placed tenant I will need to use her PM service as long as tenant stays in property. If I want to end her PM service, she will have tenant move out of property at end of current lease in October. This seems excessive especially if tenant wants to stay in my property. I don’t have any contact info of current tenant to ask them if they would like to renew lease so I was hoping to get that info from local PM.

Here is language of PM contract.

What are my options to end local PM contract and to keep current tenant in property if they would like to stay in property?

  • Pratik Patel
  • Loading replies...