Many owners stay with a manager they are unhappy with because switching sounds complicated. In practice, a good handover takes a few weeks and your renters barely notice.
1. Review your current agreement
Check how much notice your agreement requires, usually 30 days, and whether there is a cancellation fee. Note the end date so nothing overlaps.
2. Give written notice
Send your current manager a short written notice with your last day of service. Ask them to prepare the lease, renter contact details, security deposit records and any open repair requests.
3. Let your new manager handle the transfer
Your new manager should collect the documents, move the security deposit into their trust account and introduce themselves to your renters. Renters keep their lease terms; only the contact and payment details change.
What to expect in the first month
Expect a walk-through of the home, a new online rent setup for your renters and your first owner statement. Ask your new manager for a simple timeline so you know exactly what happens and when.