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Updated over 8 years ago on . Most recent reply

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Norman Dean
  • Rental Property Investor
  • Colorado Springs, CO
1
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13
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Dealing with Property Manger after firing

Norman Dean
  • Rental Property Investor
  • Colorado Springs, CO
Posted

I have very recently had to give my property manager notice that his company will no longer be managing my properties.  He did not take it well and of coarse tried to talk me out of it, however I ensured him my mind was made up.  I formally submitted the Texas Realtor Association's Management Termination form to him, giving him 30days notice, but asking him to agree to let me move on earlier.  I have not heard from him in almost a week now in regards to this, wont answer my phones calls, emails, and his office will not return my calls.  We have a tenant that is up for renewal in 5 days and I am concerned he will do something to jeopardize this or not follow through.  Should I contact our tenants directly to let them know of the change?  Or at least contact the one up for renewal?  Should I get the tenant to sign a renewal just with myself and not the current property management company or is this a violation of our management agreement?

I am very concerned with rent collection and other pending issues now that our property manager is MIA and obviously upset over the firing.

Any advice experience investors could give me would be a huge help.

Thanks very much!

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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
63,605
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43,078
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied

@Norman Dean  not 100% sure of this.. but logic dictates that you hired someone to manage YOUR property.. you owe them money for services.. but they don't own your tenant.. the tenant is yours not the managers.. Although I have seen managers over the years move tenants around just to churn fee's...

I would approach tenant tell them what your doing and tell them to deal with you going forward.. they may have to send the last rent payment to your manger for normal processing but moving forward should just deal with you and or your new manager.

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JLH Capital Partners

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