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Updated about 3 years ago on . Most recent reply

User Stats

63
Posts
3
Votes
Constantia Petrou
  • Investor
  • Burlingame, CA
3
Votes |
63
Posts

Change of property management

Constantia Petrou
  • Investor
  • Burlingame, CA
Posted

Hello,

I own several rental properties in the SF Bay Area and I want to transition management to myself. I will be notifying the property manager soon (according to our contract guidelines) that he will no longer be managing my properties-- he does not do any property inspections and does not manage the move out process well resulting in deterioration of my properties' condition and extra expenses and headaches for me . I will also be sending a notification to tenants about change of management with new contact information and instructions on where the rent should be sent. I also want to be doing two maintenance calls to the properties per year (I did this before and ensured good upkeep of the properties). What should I look for during this transition? Any specifics I should highlight to tenant notice in addition to what I just mentioned above. Has anyone experienced this management transition and can comment on any lessons learned/ mistakes to avoid? Thank you

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