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