Many new investors struggle with whether to self-manage their rental properties or hire a professional property management company. This video covers the questions that you should ask yourself before making a decision to DIY manage your own rental investments.
[0:53] Professional property management as an investment
[2:24] Example of slow profit erosion when tenants “manage themselves”
[4:06] What are the systems you need to put in place to self-manage?
[5:54] Do you know all the local legal requirements?
[7:14] What kind of communication should you be prepared to have with tenants.
[8:55] How do you figure out whether you have enough time with your day job
[11:43] Benefit of scalable systems with professionals
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Veronica comes from a family of real estate investors. She is passionate about helping clients create wealth, build a legacy, and design a dream lifestyle through real estate.
What makes Veronica stand out from other realtors is her financial background. With an MBA in Finance from The Wharton School and a bachelor’s degree in Economics from Northwestern University, she does not run from the numbers. She spent over a decade running financial models to help her employers evaluate projects and products. This skill allows her to simplify the bottom line for a homeowner or forecast the return on investment for a developer.
Veronica is a licensed realtor in PA. Veronica helps her clients buy, sell, invest in real estate in the following neighborhoods in the Philadelphia metro area: Cedar Park, Chester, Cobbs Creek, Darby, Drexel Hill, Germantown, Kingsessing, Lansdowne, Marcus Hook, Overbrook, Overbrook Farms, Sharon Hill, University City, Yeadon, and Upper Darby. Her company also provides property management services for single-family homes and small apartment buildings in the area.
