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Updated over 1 year ago,
Switching PMs but the current PM doesn't have one of the leases, thoughts?
So it looks like I'm missing a lease. I rented out two properties together under an old PM company. They leased up a few months apart. Then, a few months later, old PM company got bought out by new PM company. New PM isn't performing well so I went to review all my records and prepare to transition to a different PM. Then I discover that I don't seem to have the lease from one property. Nowhere can I find where the old PM sent it to me, though I know the renewal date, the tenant, and the rent. Also, new PM doesn't seem to have it in their records. I want to move to a (hopefully) better run PM company, but I really need all the leases to do this. We have a couple of weeks until I have to notify the new PM that I'm not renewing the property management agreement. Would you work with the new PM to find the lease or is there a solution to transition without it?