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Why Getting Along With Your Rental Property Neighbors Matters

Why Getting Along With Your Rental Property Neighbors Matters

How important is it to get along with the neighbors of the rental properties you own? Pretty important. And it’s something every rental property investor needs to be aware of. Let me tell you what got me thinking about this. This morning I was out cleaning up the street in fro...
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When to Sell a Bad Rental Property (Instead of Holding On)

When to Sell a Bad Rental Property (Instead of Holding On)

A rental property owner called my property management company about five minutes ago, and the conversation stuck with me enough that I wanted to make a whole episode about it. She owns a property in Philadelphia with two other partners, they’re all based outside of New York, an...
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Philadelphia’s #1 Rental Investment Neighborhood

Philadelphia’s #1 Rental Investment Neighborhood

Where’s a good place to invest in rental properties in Philadelphia? That’s a tough question. But what I really want to talk about is where I think will be a good place to invest today and 20 years down the line. And in my mind, the answer keeps coming back to one thing: the ...
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Why Owning a Rental Property Is Like Holding a Lottery Ticket

Why Owning a Rental Property Is Like Holding a Lottery Ticket

Should you go buy a rental property hoping to hit the jackpot? No. That would be reckless. But here’s the thing — after running a property management company in Philadelphia for as long as I have, and owning rental properties myself, I can tell you that the lottery-style wind...
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Northern Liberties Property Management: Philly’s Neighborhood of Reinvention

Northern Liberties Property Management: Philly’s Neighborhood of Reinvention

Northern Liberties has transformed more dramatically than almost any other neighborhood in Philadelphia. I can’t think of another Philly neighborhood that has reinvented itself so entirely. I remember about twenty years ago, two investors were arguing about it — one said Nort...
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Leveraging Your Property Management Company for Maximum ROI

Leveraging Your Property Management Company for Maximum ROI

I was talking to a consultant this morning about property management software, and the conversation turned into something I think every rental property owner needs to hear. See, I’m part of a lot of property management company owner mastermind groups. Nationwide, technically w...
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Fitler Square: Philadelphia’s Hidden Gem for Rental Property Investors

Fitler Square: Philadelphia’s Hidden Gem for Rental Property Investors

Fitler Square doesn’t come up on most rental property investors’ radar, and honestly, that’s part of what makes it such a great place to own a rental property. It sits right next to Rittenhouse Square — arguably Philadelphia’s most well-known luxury neighborhood — but...
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What Can You Charge a Tenant’s Security Deposit For in Philly?

What Can You Charge a Tenant’s Security Deposit For in Philly?

So I’m out walking on my lunch hour and I pass a rental property on my own street — not one my property management company manages — and there’s a huge mess of trash left all over the sidewalk. The trash company already came through this morning, picked up what they wante...
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How to Spot a Good Rental Property Attorney (Fast)

How to Spot a Good Rental Property Attorney (Fast)

If you own rental properties long enough, you’re going to end up working with an attorney. Maybe it’s an eviction. Maybe it’s a zoning issue with a neighbor. Maybe a tenant is taking legal action against you. Whatever the reason, at my property management company, we engage...
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Why I Just Fired an Owner Who Sent Her Attorney After Us

Why I Just Fired an Owner Who Sent Her Attorney After Us

Today we were forced to give an owner 60 days notice to terminate. Our property management agreement gives us that ability, and it gives the owner that same ability. If the relationship isn’t working for the owner, we don’t want them stuck with our company. And if the relatio...
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