When you begin a relationship with a Sacramento property management company, you hope and expect that it will be for the long term. However, sometimes it’s not a good fit or you find your needs aren’t being met by your current property manager. When this happens, you need to find a company that works better for you. There are a few things Sacramento landlords should keep in mind when switching property management companies.
Check Your Management Contract
Revisit your management contract to find out what you need to do in order to withdraw from it. Some companies have a notice period, where you’ll have to provide them 30 days, 60 days, or even more notice before canceling the contract. There might be a cancellation fee involved as well. Review the contract and find out what you have to do.
Gather Documentation
Your new property management company should be proactive in contacting your current manager and even your tenants to ensure there is a smooth transition. However, you can help by forwarding any documentation that you have on your property and your tenants. Your new property manager will need copies of your leases, information on where the security deposit is being held, and any other notes you have such as inspection reports, maintenance histories, and payment records.
Time the Transition
Timing the transition from one property manager to another is crucial. It’s best not to introduce a new manager at rent collection time, or at the beginning of the month. You may not want to switch mangers in the middle of a major renovation or during an eviction. Plan the transition so that there is little stress on your tenant and when you know that everything can be handled professionally and efficiently. Consult with your new property manager about the best time to step in. Ideally, you’ll be working with someone who has dealt with this before.
Switching property management companies can feel emotional and stressful. You owe it to yourself and your tenants to work with someone you trust, and who can help your property perform at its peak potential. If you need any help finding a new property management company in Sacramento, please contact us at Titan Property Management.
