Direct answer: To change property managers in Melbourne, it is important to review your current agreement for the notice period, which is typically around 30 days. Once you have this sorted, choose your new property managers, sign a new authority, and let them coordinate the transfer of keys, records, and bond details. When this process is adhered to, there will be no disruption to your tenant, ensuring a smooth transition.
Key Steps to Changing Property Managers
- Review Your Agreement: Check your management authority for the required notice, which is often based on the Standard REIV or OREA template and typically ranges from 28 to 30 days.
- Appoint a New Manager: Once you decide on new property managers, they can handle all paperwork and facilitate the transition.
- Notify Current Agency: Advising your current property management agency in writing and copying your new property managers is an essential step.
- Transition Assets: Your new property managers should collect all necessary items including keys, tenant records, routine inspection schedules, as well as bond and compliance records.
Does the Tenant Get Notified?
Yes, formal notification of the agency change is issued by the new property managers. Importantly, existing lease terms, rents, bonds, and other conditions remain unchanged.
When’s the Best Time to Switch Property Managers?
The ideal time to switch is whenever you are dissatisfied with the current service. This includes issues related to communication, rent adjustments, tenant management, or repairs.
What If My Previous Manager Resists the Change?
You are entitled to choose any licensed property managers. No agency can retain control of your property if the proper notice is given. Ensure you follow the correct legal procedures to avoid any complications.
Get Started with Your Property Management Transition
Would you like to ensure a seamless property management transition? Request a confidential property management transfer review from our expert team today. We will guide you throughout the process to minimize any disruptions.
Additionally, for those landlords considering self-management, Collings offers comprehensive support systems. Our self-managed property management gives landlords the tools, automation, and compliance support to manage their rentals efficiently and with confidence.
