Considering a Switch in Property Management? 7 FAQ’s Answered!

Thinking about switching property management agencies? Take a look at our FAQs below for more information!

Why do rental providers change agencies?

Rental providers may seek an alternative agency when rental agencies fail to provide a satisfactory service, such as poor communication or inadequate management. A lack of transparency in operations and accountability to property owners can foster mistrust, encouraging clients to consider switching agencies. Additionally, persistent issues like low occupancy rates, high renter turnover, or difficulties in maintenance management can lead rental providers to seek out a property management agency that demonstrates better overall performance.

Are there any fees involved in changing property management agencies?

There are no fees for switching agencies; however, we recommend reviewing your management authority for any specific clauses that may apply.

Is it necessary for the lease agreement to expire before you can change agencies?

Not at all! You can switch agencies at any time.

Will switching agents cause any disruption or inconvenience for my renters?

No, we will ensure that your renters are promptly informed about the change and kept updated throughout the process. In fact, this transition could actually benefit them, as they may have shared similar concerns about the previous agency.

Do my renters need to sign a new lease?

No, your renters won’t need to sign a new lease. The existing lease will remain in effect as is.

What is the typical duration for the transition period?

Generally, it takes about two to three days from the moment you decide to make the change.

Who takes care of notifying your old agent about the management transfer?

Your new property management agency will contact your current property management agency and manage the entire process. Rest assured, you will be kept informed every step of the way.

If you’re considering a change in management get in touch with us by clicking here or book an appointment with an Investment Property Consultant by clicking here.

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