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Updated almost 5 years ago,
Anyone go from using a Prop Manager to self-manage during a lease
I currently manage a property myself (I live close to this). Another property that I own is being currently managed by a property manager ($200 monthly fees). I am not happy with my Property Manager and plan to take it upon myself. My contract with Prop Management is a 30 day heads up to discontinue the Management service. There is still 5 more months left on the lease of current tenants. The current tenants seem to be nice and no complains so far. I will inherit about 4 months of current tenant (hope he renews the lease 😊).
From the peers here, I would like to know what are the items that I need to be wary of, taking it on myself. Would you recommend waiting until the end of current lease?