Switching Property manager's mid lease?

[Davis Stoner]

Hi all, 

I currently am using a property manager that I believe is doing a sub par job. At this point I own 3 finished units that are fairly new (hopefully low maintenance) so I am thinking about self managing. Two of the units were managed by the PM from the start and they listed themselves as the landlord on the lease. 

Once I "fire" the PM and I become the landlord, does that matter if the lease says that? I feel like it would be a little drastic to have to resign the lease, or maybe it is not a big deal at all and nothing has to be done. Please let me know your thoughts!

[Scott M.]

No, you do not sign a new lease, in fact, unless the tenant agrees you can't.  You need to honor the lease that is in place.  Again you can ask them to sign a new one but if they refuse you see it through to the end.  all that is required is to tell the tenants who the new contact person is, how to contact them and where/how to pay.