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Updated about 2 years ago on . Most recent reply
be property manager
I am planning to manage my own property using knowledge learned from BiggerPockets.
What is the process to let the current property manager/company know when the current contract ends in a couple of months?
basically, the current property manager has all the tenant's information including background, credit check, etc.
Currently, owns the property long-distance, and I will be local to the property in a couple of months.
Thank you for your input.
Most Popular Reply
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When a new property manager takes over management of a property, it's important to communicate effectively and professionally with the previous manager to ensure a smooth transition. Here are some steps that a new property manager can follow to let the previous manager know they're taking over:
- Start with a professional introduction: The first step is to introduce yourself to the previous manager and provide your contact information. This will help establish a line of communication and set the tone for a professional and respectful relationship.
Schedule a meeting: If possible, schedule a meeting with the previous manager to discuss the transition. This can be done in person, over the phone, or through video conferencing. During this meeting, you can discuss the details of the transition and answer any questions the previous manager may have.- Provide clear instructions: Clearly explain to the previous manager what is expected of them during the transition period. This may include instructions on transferring any records, schedules, or keys to the property, as well as information on how to handle any ongoing projects or reservations.
Discuss any concerns: If the previous manager has any concerns or questions about the transition, make sure to address them in a professional and respectful manner. This can help ensure a smooth transition and minimize any potential conflicts.- Follow up in writing: After the meeting, it's a good idea to follow up in writing to confirm the details of the transition and to provide any additional information or instructions. This will help ensure that everyone is on the same page and that the transition goes smoothly.
In summary, communicating effectively with the previous property manager is key to a smooth and successful transition. By following these steps, you can ensure that everyone is informed, on the same page, and ready to work together to make the transition as seamless as possible.