Switching property managers isn’t as difficult or as expensive as many may think. There are many misconceptions on when and how you can switch property managers, leading to owners clenching their teeth and bearing through terrible service, counting the days until either their agreement is over or their tenants move out. But this doesn’t have to be the case.
Don’t be stuck with a subpar property manager! If your property manager just isn’t cutting it and not undertaking the responsibilities listed in your agreement, this might be your calling to consider switching. After all, it’s a two-way street and there’s no reason to pay a portion of your rental income for poor service right?
Common misconceptions about switching
These are some of the most common misconceptions amongst property owners:
- I have to wait until the tenancy is up before switching property managers
- It will bring a massive change and disruption to my tenant
- I will have to find new tenants for my property
- A new lease will have to be signed by my tenants
It is a common misconception amongst property investors that if they switch property managers it will disrupt their tenants. If a property manager has a good transition process that considers the wellbeing of the tenants, the switch may in fact lead to happier tenants.
The truth about switching
You can change property managers whenever you’re ready, with minimal disruption to both you and your tenants. If you’re worried that you’ll be causing inconvenience to your tenants, fret not. The property management contract only ends the relationship between you and your current property manager, the relation between you and your tenant will still be going strong. So you can rest assured that everything will remain the same, just with a much better property manager.
Many property management agencies usually have a notice period for ending an agreement that can range from 30-90 days depending on the state that you’re in.
Switching to :Different
By choosing :Different as your new property manager, the switching process is made even easier. All you have to do is sign up and input your details, that’s it!
We’ll take care of everything moving forward including notifying your agents and handling the transfer. We’ll arrange everything from preparing the paperwork to alerting your tenants of the change to picking up keys. So you can sit back, relax and enjoy a fuss-free switch.
Switching to :Different is broken down into 3 easy steps:
- Tell us about your property: Answer some simple questions about you and your investment property.
- Sign the agency agreement: Tell us where your rent should go and provide some more information so we can prepare the MAA for you to sign.
- We'll transition your property: You can sit back and relax. One of our team members will give you a call to let know how we will transition your property to :Different
Looking after your tenants from day one
Here at :Different we care about your tenants. We will always look after your best interests and ensure your property is taken care of, but we understand that a happy tenant is an important piece of the equation.
That's why we have a dedicated Tenant App, which ensures your tenant's life is easy from day one. We will ensure you tenant is ready to go and comfortable with their new app and knows who they can contact for help.
"You can change property managers whenever you’re ready, with minimal disruption to both you and your tenants"
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