Going Private

Discussion in 'Property Management' started by gecko235, 29th Sep, 2017.

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  1. gecko235

    gecko235 Active Member

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    I have a Property Manager and intend on going private as the tenant's lease is expiring next month. I am doing this as I trust the tenant and have known them for a few years.

    I have printed off a few things from the REIWA website like the lease agreement and such. But how do I tell the PM that I no longer wish to use them. What is the normal process for this?
     
    gecko235, 29th Sep, 2017
    #1
  2. Beano

    Beano Well-Known Member

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    1: I have now moved back into the city so can self manage the property
    2: I am now working part-time so have the time to manage the property
    3: just give them formal notice with no reason
     
    Beano, 29th Sep, 2017
    #2
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  3. Kangabanga

    Kangabanga Well-Known Member

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    I like number 3 :)

    You can also give a reason, it's called "due to change of circumstances" ;)
     
    Kangabanga, 29th Sep, 2017
    #3
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  4. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

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    Shoot them an email saying that you no longer require their services once the current lease finishes.

    Cheers

    Jamie
     
    Jamie Moore, 29th Sep, 2017
    #4
  5. gecko235

    gecko235 Active Member

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    Sounds easy enough. Thanks
     
    gecko235, 29th Sep, 2017
    #5
  6. Scott No Mates

    Scott No Mates Well-Known Member

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    Just check the period of notice in your management agreement.
     
    Scott No Mates, 29th Sep, 2017
    #6
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  7. gecko235

    gecko235 Active Member

    Joined:
    21st Jun, 2015
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    Location:
    Perth
    The management agreement finishes up in 3 months. Should I ask the tenant to sign up another lease until that date? I keep in touch him with through text so I can let him know what's going on.
     
    gecko235, 29th Sep, 2017
    #7
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