How to replace a property manager

[Ezra Nugroho]

I am not very happy with my existing PM, and I've made up my mind that I'd replace them. I've found a replacement that I am comfortable with.

Per the existing contract, I must provide a 2 months notice to the PM, unless if the property is being sold. I have one tenant that is moving out soon, should I wait until the vacating tenant be properly serviced before I rock the boat? I am worried if there will be issues related to the final assessment and the fairness of the security deposit return.

What are the steps that need to be considered while replacing an existing PM to ensure the smoothest transition ?

I can imagine at least I'd need to:

1. Replace all the door locks.

2. Transfer the utility bills.

3. Backup all invoices and statements from the PM website/portal.

4. Inform my tenants about the transition.

What else? Any advice from past experience?