Assignment of leases

[Ronald Cooperman]

Hello BP Community.

I am buying the mortgage from the bank on a 5plex in New Jersey.

The owner signed an agreement with a management company to collect rents and manage the property.

When I buy the mortgage can I fire the current management company and replace them with our in house management?

Can I direct the future rents to the bills I desire until we complete the foreclosure process.

Can I renegotiate the leases at expiration or at assignment?

Any advice is greatly appreciated.

Ron