Heroic Investing
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HI 125 – Property Management Options with Muthiah Nachiappan

Episode: 125

Guest: Muthiah

iTunes: Stream Episode

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:

Gary Intro:

[3:13] Make your property management change sooner than later when it becomes evident it’s not a fit

Muthiah Case Study:

[9:54] Property Management contracts always favor the person who is drafting them.

[11:16] Jason wants to disrupt the property management business through self-management, a la carte services and flat fee property management.

[14:48] How Muthiah get interested in income properties.

[18:38] Muthiah explains his Property Management Survey.

[23:11] A flat fee system gives the property manager an agreed upon percentage of any money that comes in.

[28:40] These 4 options for property management should be available to every property owner.

[34:02] Property management companies need to change their business model to provide a hybrid option.

[38:31] Let your property management company know that you are an educated and aware investor.

[40:58] Muthiah shares his future investment plans and his retirement objectives.