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Updated almost 12 years ago,
Acquiring fourplex, what happens to existing property manager?
I will be closing soon on a fourplex with 3 tennants and I will be occupying one of the units. The previous owner currently has a property manager managing the three tenants. I was planning to start managing the units myself. Will I be able to cancel their contract? What about obtaining the deposits the PM has received? Can anyone provide answers to this scenario?