Property Management | north lakes
10
MYTHs
About
Changing Agents
MYTH #1
“I have to wait until
my tenant’s lease
ends before I can
change agents.”
fact
A common misconception is that you can only switch agents when a lease ends. The reality is you can change property managers at any time, even if your tenants are mid-lease. The new agent handles everything, ensuring a smooth transition without disrupting your tenants.
MYTH #2
“Changing agents
costs money.”
fact
Many landlords believe switching property management agents comes with hidden costs. The truth? Most reputable agencies, like ours, don’t charge any fees for taking over your property’s management. Don’t let the fear of expenses stop you from getting better service.
MYTH #3
“It’s disloyal or unprofessional to change agents.”
fact
Changing agents is simply a business decision. You deserve the best possible service and should feel no guilt about making a switch. If your current agent isn’t meeting your expectations, it’s wise and entirely professional to explore better options.
MYTH #4
“Changing agents
is too complicated
and time-consuming.”
fact
Switching agents seems daunting, but the process is straightforward and hassle-free. A good property management agency like Ray White North Lakes will take care of everything—from notifying your current agent to handling the paperwork—leaving you with more time and peace of mind.
MYTH #5
“I need to notify my current agent well in advance.”
fact
While notifying your current agent is necessary, the notice period is often much shorter than people think. In most cases, 30 days is all that’s needed. This means you can move on to better management sooner than you might have imagined.
MYTH #6
“My tenants might be negatively impacted
by the change.”
fact
Landlords worry that switching agents will inconvenience tenants, but with a seamless handover, tenants often experience improved service. A professional agent will ensure smooth communication and consistency, making the transition nearly invisible to your tenants.
MYTH #7
“I’m locked into a long-term contract with my current agent.”
fact
You may feel stuck in a long-term agreement with your current agent, but many management agreements have flexible termination clauses. With proper notice, you can often switch agents without any financial penalties or prolonged delays.
MYTH #8
“It’s better to stay with my current agent because they know my property.”
fact
Familiarity with your property is important, but it doesn’t mean you have to settle for subpar service. A new agent can quickly get up to speed and may bring fresh energy, expertise, and better management practices that benefit both you and your property.
MYTH #9
“I’ll lose control over
my property during
the switch.”
fact
Landlords sometimes worry that switching agents will cause disruptions, but a well-organised handover ensures you maintain full control. The new agent coordinates the transition smoothly, allowing you to stay informed and involved while everything remains on track.
MYTH #10
“I need to inform my tenants before changing agents.”
fact
Communicating with tenants is crucial, but you don’t need to stress over it when changing agents. Your new property manager typically handles all tenant communications, ensuring they stay informed and reassured throughout the transition.
Thank you.
We hope that we can help you in your property investment journey. Please reach out if you have any questions at all.
Brianna Howe
0429 774 826
northlakes.invest2@raywhite.com