What's condo association's first step in replacing property manager

The Condo Association is run by an off-site property management company.  Is there any way to wrangle this from this company who do very little to help maintain the facilities, keep the snow clear, grass cut, and dodge responsibility when there is any sort of problem? Several of the owners including myself have showed interest in running the association. It is suspected the current management company is running a pretty large surplus and doing little besides padding their wallet. What would be our first steps?