MTR Property Management

[Donald Yang]

Hey guys,

Looking to get into MTRs in my backyard and I was wondering if you guys usually do it yourself or get a property manager. It seems like groups with good corporate contracts that may be able to get better returns and less vacancy would probably offset the property manager costs wouldn't it? 

What are the general costs associated with property managers in this space? Do they do pretty much take care of everything excluding replacing broken big ticket items like furniture? 

Thanks 

[Allen Duan]

We manage MTRs for other owners in Los Angeles and elsewhere. Our fee is 15% which seems pretty standard from other managers I've heard from. Just like LTRs, it's a tradeoff between time and money do depending on your goals and needs, it can more than worth it. Happy to share more