90 days cannot sign with anyone else

[Carolyn Keller]

.See my other question, letting my current PM go, but contract states, termination fee of 6 mths worth of management fees and: If owner terminates and enters a rental contract within 90 days, termination fee increases to two months’ rent.Its a matter of 500 $ something or $1800.00. I can self manage for 90 days, set up a rental portal for tenant and separate email, etc. I know i will need to have tenant sign a new lease, since mgmt lease will be void. fairly confident i can manage for 90 days. But any thoughts on risks, or pitfalls? or suggestions?

[Account Closed]

If you are firing your PM because they have mismanaged, try negotiating your way out of the termination clause.  My daughter did this.  They grossly over-billed her for unnecessary maintenance.  She threatened to sue if they didn't just terminate.  They did.

If you're not comfortable doing this on your own, pay a lawyer to do it.