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.
“The old-fashioned idea of property management is out of alignment with the goals of property owners.”Click to tweet
[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.
“We want to cause a disruptive, forward thinking change in the property management industry.”Click to tweet
Mentioned in This Episode:
Guest: Client Case Study Muthiah Nachiappan
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