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Income property owners, who do not want to deal with tenants and serve as property manager, hire someone else to do the work.
Sounds simple, but is it?
How much do you pay your property manager?
Is it a good thing or bad thing to pay a tenant to be the property manager?
Do incentives help make the manager work harder?
Today’s guest Kathy Cunningham, an industry speaker and motivational speaker, has spent her entire 25-year career in the property management industry, working for companies such as Trammell Crow, Highridge Partners and Stellar Development and Management. She will detail the differences in fee management and owner management, suggest percentages of monthly income that should be allocated to property management, what should be expected of the manager, and the steps to take if you are not happy with the work of the property manager.
Lastly, we will look at the tax ramifications of being an income property owner and compensating a property management company.
Click the Show Notes button above for more topic details.
(PDF format).
