Jason Hartman talks with one of his clients, and owner of 9 properties, Muthiah Nachiappan. Muthiah has pored over many property management contracts, and he discusses his self-designed Property Management Survey, fees property managers charge but shouldn’t be paid for, and how he got into income property investing. Jason also gives listeners 4 options for property management, and then discusses the 3 options property management companies have to take advantage of if they want to stay in business.
[2:44] Property Management contracts always skew toward the writer of the contract
[4:06] Jason thinks the property management business is ripe for disruption via things like self-management, a la carte services, and flat fees.
[7:38] Muthiah’s road to income property investing
[11:28] Muthiah’s Property Management Survey.
[16:01] What the flat fee system Jason envisions is
[21:30] 4 property management options the every investor should know
[26:52] A hybrid option for property management needs to be available
[31:21] It’s important that your property management company know that you’re an educated owner who won’t be taken advantage of.
[33:48] Muthiah shares his future investment plans and his retirement objectives.