Switching Property Managers
Switch Property Managers Without Starting Over
If your current property manager isn’t working out, you can move your rental to Neighborhood Realty and Property Management. We take over management of properties with tenants already in place, there are no onboarding fees, and your first month of management is free.
- Your first month of management is free
- No onboarding or offboarding fees
- Our 90-day satisfaction guarantee
NRPM by the Numbers
- 400+Properties Managed
- Under 1%Eviction Rate
- Under 1 MonthVacancy on Most of Our Homes
- 3 YearsAverage Tenant Stay
- 30+ YearsManaging Central Texas Rentals
How Switching Works
- Check your current agreement. Your management agreement sets the notice period and any cancellation terms with your current manager.
- Talk to us. Tell us about your property, your tenant, and your lease.
- Sign with NRPM. Your first month of management is free, and there are no onboarding fees.
- Request your records in writing. Give your current manager written notice under the terms of your agreement, and ask them in writing to release your keys, lease, tenant records, and deposits. Once you’ve made the request, we coordinate with them and are happy to pick everything up for you.
- Handover. Your current manager transfers the lease, tenant records, and security deposit to us. We start managing your property the day we receive what we need, usually within 1 to 7 days.
- Your tenant moves to our portal. We introduce ourselves to your tenant and set up their online tenant portal before the next rent due date. From then on, they pay rent and submit maintenance requests through the portal.
What We Need for a Vacant Property
To start managing a vacant property, we need two things from you.
- Your signed management agreement
- Keys and access to the property
What We Need for a Rented Property
Ask your current manager in writing to release these items. The sooner we have them, the sooner we can contact your tenant and set up their portal for the next rent due date.
- Your signed management agreement
- Keys, garage remotes, and pool keys
- The current lease
- The security deposit and any pet deposit
- The tenant ledger, if available
- Inventory and condition forms, if available
- Invoices from the last make-ready, if available, to help with your tenant’s move-out charges
What Happens to Your Tenant, Lease, and Deposit
Your tenant can stay in place, and the current lease stays in effect. Your current manager transfers the lease, tenant records, and security deposit to us, and we introduce ourselves to your tenant. Once your property is with us, NRPM holds the security deposit and accounts for it on your owner statement, and your income is deposited directly into your account by ACH every month.
What Switching Costs
There is no fee to switch to NRPM. We charge no onboarding or offboarding fees, and your first month of management is free. After that, our management fee is 8% of monthly rent, with a $125 monthly minimum. Your current manager may charge a cancellation fee under your existing agreement, so check its terms before you give notice.
90-Day Satisfaction Guarantee
If you’re not fully satisfied within the first 90 days, simply notify us in writing. We’ll cancel your management agreement immediately and refund all management fees you’ve paid. No hassle, no risk.
Switching Property Manager FAQs
Can you take over a property with a tenant already in place?
Yes. We take over management of properties with tenants already in place, so there is no need to wait for a lease to end.
Is there a fee to switch to NRPM?
No. There are no onboarding or offboarding fees, and new clients get their first month of management free.
Do I need to contact my current property manager?
Yes. Ask your current manager in writing to release your keys, lease, tenant records, and deposits. Once you’ve made the request, we coordinate the handover with them and are happy to pick everything up for you.
How long does it take to switch?
We start managing your property the day we receive what we need. Most handovers take 1 to 7 days, depending on how quickly everything is released.
Does my tenant’s lease stay in effect?
Yes. Your tenant’s current lease stays in effect. Your current manager transfers the lease, tenant records, and security deposit to us, and we introduce ourselves to your tenant.
Do you manage properties for owners who live out of state?
Yes. We manage for owners who live in Austin, elsewhere in Texas, out of state, and out of the country. The only requirement is a US mailing address and a Tax ID.
What if I’m not happy after switching?
Our 90-day satisfaction guarantee applies. If you’re not fully satisfied within the first 90 days, notify us in writing, and we’ll cancel your management agreement and refund all management fees you’ve paid.
Can I cancel with NRPM later?
Yes. You can cancel management at any time for any reason with 30 days’ written notice. We process your final distribution approximately 45 days after the termination date.