Table of Contents

The 5 Elements of a Good Takeover Plan

April 21, 2023

Takeover Plan

By Operations Team. For more information, contact Robert Parmar

Elements of a Good Takeover Plan

Fraud, lack of execution, or lack of communication are all valid reasons to change Property Management companies.

Some would say outside of market conditions, your Property Management company is the most influential contributor to the performance of your asset. This means it’s important you can rely on them to provide great service to Tenants AND great service to you by executing your business plan.

If you’re dissatisfied, why not consider a switch?

When you switch Property Management companies, it’s important your new Management company has a solid takeover plan to avoid chaos.

What are the Key Elements? 

In our experience, a good takeover plan includes details for handling 5 key elements:

  • 💼 Human Resources
  • 📩 Customer Service
  • 🤝 Vendor Transition
  • 📈 Financial Reporting
  • 📜 Marketing & Promotion

Switching Property Management companies is a pain, but when you make the switch to working with Summerfield, we’ll take care of all aspects of the transition on your behalf to make the change as painless for you and your Tenants as possible.

Can we help you?

Let’s start the conversation. Book an introductory call at a time that’s convenient for you using our online calendar.