Buying 4Plex & Need to fire the Property Mgr.

[Scott Osborn]

Hi All, I’m a newbie to BP and I’m sure this exact situation has been talked about multiple times on this site, but I also wanted to have this post serve as my introduction post as well. So, hi! I digress, my situation is that as of this AM I’m under contract on a 4Plex in Northwest Indiana and was shown the financials by the owner and two of the four units are currently past due on rent and he said he’s not sure how the property manager has allowed the tenants to get behind. One is 3 months behind and the other is one month behind. My previous rental purchases have been vacant so this is new to me. Can I fire the property manager once I close? The leases are in the name of the property management company. I manage my other rentals myself and a property manager was already a detractor, but now that I know they’re letting tenants stay for free, I don’t want to mess around and need to get the property manager out ASAP. Help! What do I do?!? Thanks for the help in advance!!!