I have purchased 70 units (8 buildings total) over two years from a property manager. He also manages them from me.
A few problems. The main problem is that he doesn't pay rents on time - in the past the rents have been constantly 1-2 months late. Now they are at least 3 months late. He owes me at least $10,000 at this point!
At this point in time, I am not paying any property management fees because I bought the properties from him, but I now realize that this probably encourages him to be more relaxed about the whole thing.
I am currently out of state, and just had a baby 3 weeks ago, so it's not like I can hop on a plane to replace him quickly.
I would like to maintain a good relationship with the property manager, but how do I let him know that I want to replace him without ruining our relationship? Each time I email/call him, he has some promises about when he'll make the next deposit, but it's always very vague.