Buy a Disney area STR with existing bookings

[Karah Kramer]

My husband and I are looking to buy in the Disney area (currently looking at Windsor Hills, Championsgate, Solara etc.), and noticed that many of the listings say that existing bookings convey, if we stay with the existing management company. I'm curious what happens if we wanted to change management companies:

a. Does the existing management company get first dibs to try and rebook those guests to other properties they manage? Or do we get a chance to try and retain the bookings? What's the experience for guests? 

b. Has anyone heard of successfully "buying out" the current PM company? I.e. assuming $50K in bookings, that would be +/- $12.5K in commissions. I'm wondering if there are options to buy that PM out to keep the bookings with the house. 

We're not opposed to talking to the existing PM, particularly since it would be smooth to keep the existing relationship in place, but we don't want to be locked in. 

Thanks,

Karah