Switching Property Managers: What to Expect
How a property management takeover works for Tampa Bay apartment owners, step by step.
Give notice under your current agreement
Check your existing contract for the notice period and any termination terms. Your new manager can help you plan the timing.
Transfer records and funds
Leases, security deposits, resident ledgers, vendor contracts and keys all need to move to the new manager. A clean handoff prevents missed rent and disputes.
Introduce residents
Residents should hear about the change in writing, with clear instructions for paying rent and requesting maintenance in the new portal.
Walk the property
A full walk in the first weeks documents condition, deferred maintenance and vacant units, so you start with an honest baseline.
Set a 90-day plan
The first three months should focus on collections, vacancies and urgent repairs, with regular updates so you can see progress.