A Stress-Free Guide to Switching Property Managers
In this guide, we're here to demystify the process of switching property managers. If you've ever wondered about the hows and whens of making this change, worry not – we've got all the answers you need.
How much notice do you have to provide your current Property Management company?
First things first, let's talk timelines. In Queensland, the Form 6 Management Agreement sets the stage for a property management transition. According to this agreement, either party can call it quits with just 30 days' notice, or even less if both parties are on board. It's a flexible option, ensuring you're not locked into a long-term commitment.
Will changing to a new property manager create more work for you?
The good news is that switching to a new property manager can be a breeze. At V & Co. Realty, we take care of the entire process for you. You'll receive a standard termination letter to sign, and once that's done, we handle the rest. If you'd prefer not to deal with your current property manager during this transition, don't worry – we'll handle all the necessary communications.
After those 30 days have passed, we'll arrange a meeting with your current property manager. We'll collect all the essential documents and keys needed for the management of your investment property. Then, we introduce ourselves to your tenants, making sure they understand that the only changes for them are where to pay rent and who to contact about property matters.
What if your tenants are signed into a fixed-term tenancy agreement?
It's a common misconception that you can only switch property management companies when your tenants' fixed lease ends. However, that's not the case. You can make the switch at any time during the lease, and we'll handle all the logistics. We'll manage the terms, payments, and everything else, ensuring a seamless transition for you and your tenants.
Will a change disturb your rental income?
Worried about rental income disruptions? No need to be. Your current property manager will continue to collect rent from your tenants until the 30-day notice period concludes. Starting the following day, we'll take over rent collection. There won't be any gaps, ensuring a steady income flow.
How do you start the process?
To kick off this process, simply reach out to our Senior Property Manager, Stephanie, at 0436 003 955. She's available for a confidential, no-obligation discussion to help you decide if switching to V & Co. Realty aligns with your needs. Rest assured, the process is simpler and less stressful than you might imagine.
So, there you have it – your hassle-free guide to switching property managers. At V & Co. Realty, we're not just about real estate; we're about making your property management journey as smooth as possible. Give us a call, and let's navigate this change together. Your property deserves the best, and we're here to deliver!