CW 791 - 4 Options For Property Management, Client Case Study Muthiah Nachiappan

Jason welcomes Muthiah Nachiappan to the show. Muthiah is a client with 9 properties and an avid property management contract reader. He discusses his self-designed Property Management Survey, the garbage fees most property owners pay but don’t question and how he became interested in income properties. For property owners, Jason shares 4 options for property management and then the 3 options property management companies have if they want to stay in business and service their customers. Key Takeaways: [2:44] Property Management contracts always favor the person who is drafting them. [4:06] Jason wants to disrupt the property management business through self-management, a la carte services and flat fee property management. [7:38] How Muthiah get interested in income properties. [11:28] Muthiah explains his Property Management Survey. [16:01] A flat fee system gives the property manager an agreed upon percentage of any money that comes in. [21:30] These 4 options for property management should be available to every property owner. [26:52] Property management companies need to change their business model to provide a hybrid option. [31:21] Let your property management company know that you are an educated and aware investor. [33:48] Muthiah shares his future investment plans and his retirement objectives.   Mentioned in This Episode: Jason Hartman