Self Manage 80 Unit Apt Building

[Nick Tebani]

Hi there,  I am getting rid of the property management company of my 80 unit apartment building in California in order to self manage it myself with my own staff.

Do I need to notify anyone of that - namely my lender?  When I got the loan, the property management company was involved and asked to sign several documents verifying they will be managing the property.  Is the property management company supposed to let them know our management agreement is ending?  If they do, what then?  Will they preclude me from managing it myself?