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Updated almost 6 years ago,
Changing Multifamily Property Managers
My company is currently transitioning property managers on our 17 unit complex, purchased in August of 2018. We initially elected to keep on the PM that had managed the property for almost a decade. The property was built in the 1960s, so we saw value in the experience that company had with the repairs/condition of the property. However, we have now decided that we need to go with a more pro-active PM that we have an existing relationship with, that also manages most of our other properties and meets our high expectations.
Does anyone have advice for how to ensure a smooth transition for us and our tenants? Anyone have experience in this process, or any tidbits to help us avoid any unnecessary pain? Thanks!