Property Management Vs Master Lease for the investor

[Rodney Campbell]

I have a property management company but I am leaning toward converting my clients to Master Leases. I have seen it done it another state.

My reasoning is property management is set up for the management company and not always does it benefit the investor, especially if they reside out of state.  I am an investor at heart and I am trying to look at it from an owner /investor point of view.  I know there are many good property management groups, but if that management company has its own properties it is hard for me to see how they stay loyal to the investor.

It seems it would work for C grade properties the best. I have some units in areas where there is a lot of demand put on the property management company just because of the area that the property is located in and the clientele it draws.

I will not utilize the lease option to purchase for that is not the goal and it causes many issues with the owner/investor. I am going to test it starting in November on a 4-plex.

Thoughts experiences with this?

Thanks!