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Are you obligated to stay with your Property Manager?

Feb 11, 2020

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If you have just changed real estate agencies and discovered that you have gone from bad to worse, are you obliged to stay with them? Do you feel like you are committed to stay with that agency for six or twelve months? What happens when you feel you are with the wrong property manager? Often for landlords, just the thought of switching agents, is an enormous headache and feels uncomfortable.

If you are unhappy with your current property management agent representing you and wondering what your obligations are to them, this video will highlight how easy and simple it can be to switch property management teams. 

 

If you’re ready to discover how you can rent out your property with confidence, download our free Step By Step Checklist to Renting Your Property with Confidence.

 

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What are your obligations when you want to fire your Property Manager?

What many landlords don’t realise is, switching agencies is as simple as giving notice. The Managing Agency Agreement you signed with your current agent has a clause that states that either party can terminate the agreement, giving the required notice at any time during the management. Typically, 30 days’ notice is required – but it always pays to check your agreement. We would be happy to check it for you on your behalf if you would prefer. Most property management companies, will handle the entire change on your behalf, FREE of charge.

You can change property management companies at any time – with the right process. Switching property managers may seem difficult or uncomfortable, but the good news is that changing to a new property management company doesn’t have to be hard at all! It pays to take a step back and evaluate the quality of the property management service you are receiving and see if you are being cared for right. If you are unhappy with the service you are receiving, it is a relief to know that you are not obliged, committed, or locked into maintaining an unsatisfactory relationship for one of your biggest financial assets.

You can try our rental property appraisal service to see if your property management arrangement is right for you. If it isn’t, or you’re simply unhappy with your property manager, we’re here to offer a better solution and take all of the stress out of the switch. All you have to do is sit back and relax.

Switching Property Managers quickly and efficiently

When you feel you aren’t getting the service you require from your property manager, switching to a new team is your best option. Many agencies, us included, can take care of this with as little as a phone call.

If you’re thinking about switching property managers, the team at One Agency JD Property Agents will handle the entire process free of charge. Whenever an investor wishes to transfer their portfolio to our care, we handle the changeover from start to finish – all you need to do is sign some paperwork. We can do everything from contacting your old property management company to give notice, to organising paperwork, picking up the keys, notifying your tenants and organising inspections can be done simply, professionally and efficiently – you just need to give us a call. You don’t have to worry about feeling uncomfortable about approaching your property manager to fire them.  The whole process really is easy and stress-free for you as the landlord. The last thing a stressed out landlord wants, is to have an uncomfortable conversation, or to risk being persuaded to stay.  A handover process should be as quick and as painless as possible.

The One Agency JD Property Agents Changing Property Management Process 

  • You inform us that you would like us to take over the management of your property portfolio
  • We prepare a Managing Agency Agreement and written notice to terminate your agreement for you to sign.
  • We forward the notice to your current agent and arrange to pick up your property file and keys from their office on the arranged date.
  • We notify your tenants in writing. Then, their new One Agency JD Property Agents Property Manager welcomes them.
  • One Agency JD Property Agents becomes your new management agency (as of the agreed date) and life carries on as normal.
  • We arrange a property inspection to update the existing condition report (if required) and keep you informed each step of the way.

If you’re ready to discover how you can rent out your property with confidence, download our free Step By Step Checklist to Renting Your Property with Confidence.

 

 YES, DOWNLOAD MY CHECKLIST

If you feel you could benefit from our experience with property management, we’d love to hear from you. Simply reach out

I hope that has helped you today. If you have any questions I’d love to talk to you. My number is 0426 264 771. I look forward to talking to you soon.