One of the most common things we hear from property investors is that people feel that they are stuck with a property manager that doesn’t suit their needs, with no means of exiting the arrangement. What happens when you feel you are with the wrong property manager? Often for landlords, just the thought of switching property managers mid lease, is an enormous headache and feels uncomfortable.
If you are unhappy with your current property management agent and wondering how you can swap property managers, this video will highlight how easy it can be to switch property management companies, and how you don’t have to wait until a lease has expired or property to be vacant to change.
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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Where do you begin when you want to switch property management companies?
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! What many landlords don’t realise is, switching agencies can be as simple as giving notice. And most property management companies, will handle the entire change on your behalf.
How to switch your property manager quickly and efficiently
When you feel you aren’t getting the service you require from your property manager, or being cared for right, 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.
One Agency JD Property Agents Changing Property Management Process
- You inform us that you’d 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.
What if you are locked into your agreement with a tenancy lease?
A tenancy agreement does not lock you into an agreement with your property manager. Whilst there are many agencies who would like you believe that any a Managing Agency Agreement and/or Residential Tenancy Agreement locks you in for the term of your tenants’ lease, this is not correct. The Agreement you signed comes with a clause that states you can give your property manager 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.
It pays to take a step back and evaluate the quality of the property management service you are receiving. You can try our 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.
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, but if you have any questions whatsoever I’d love to talk to you. My number is 0426 264 771 and I look forward to talking to you soon.
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We hope that has helped you today. If you have any questions, or you know of anyone who may benefit from our real estate services, we’d love to chat. Our number is 0426 264 771. We look forward to talking to you soon.