Jen Stoops's guest appearances

Jen Stoops

Profitable Powerhouse Properties with the AHI Group

Tim Wallace

John Bradford

Lily Liu

James Barrett

Brian Flaherty

Jason Green

Deb Newell

Andrew Smallwood

Nishant Phadnis

Seth Kelly

OwlTail

In episode 4 of Profitable Powerhouse Properties your hosts Jonathan Cook and Bryan Jenkins talk to Deb Newell, a property manager who runs Real Time Consulting Services for the rental industry, and Jen Stoops is the Senior VP of Park Avenue Properties. Deb and Jen talk to your hosts about diversifying portfolios and avoiding common pitfalls in the rental property space.   Episode Highlights:   Pitfall #1: Thinking you can manage your own property without hiring a property manager. Pitfall #2: Don’t get locked into one market. What NARPM (National Association of Residential Property Managers) is and why it matters.Everyone at AHI Properties is a NARPM member who is being educated.   The pros and cons of going to one city and buying all of your property there. You need to have a team behind you and referrals are the best way to do that. How to identify a good property manager vs. a rent collector and tips for vetting them. Investors look for problem solvers in their property management service. The biggest concerns for property owners is tenant selection, maintenance, after-hour calls, etc. The cost difference between having a long-term tenant vs. a problem/short-term tenant. The type of flooring you should choose for your rental property. When property owners are less emotionally invested in a property they’re more likely to consider allowing pets. How to make sure you have good policies in place that are relevant to all markets. The different types of personalities that work in a property management firm. You need to get to know someone in whatever market you’re going to. People, Process, and Technology are the three things that are really important for a successful property management firm. If you’re investing in a rental property, it’s best to pay someone to make sure its managed properly. Anyone who doesn’t choose a property manager because of their fee structure is making a big mistake. There are two different operational processes, but they’re all geared toward the same end goal. Why referrals are so important and the highest compliment.    Key Points: Where you buy your property and how you build your portfolio matters. Your property manager should be transparent every step of the way. You need to get to know a property manager in whatever market you’re going to.   Tweetable Quotes: “A good property manager is going to be willing to meet with you, try to stop by their workspace if possible.” -Bryan “When investors are looking to manage different markets themselves they are overlooking the efficiency of property managers.” -Deb “People, Process, and Technology are the three things that are really important for a successful property management firm.” -Deb    Resources Mentioned: Check out our website ahiproperties.com Check out Birmingham Insurance Group

In episode 4 of Profitable Powerhouse Properties your hosts Jonathan Cook and Bryan Jenkins talk to Deb Newell, a property manager who runs Real Time Consulting Services for the rental industry, and Jen Stoops is the Senior VP of Park Avenue Properties. Deb and Jen talk to your hosts about diversifying portfolios and avoiding common pitfalls in the rental property space. Episode Highlights: <ul><li>Pitfall #1: Thinking you can manage your own property without hiring a property manager.</li> <li>Pitfall #2: Don’t get locked into one market.</li> <li>What NARPM (National Association of Residential Property Managers) is and why it matters. <ul><li>Everyone at AHI Properties is a NARPM member who is being educated.</li> </ul> </li> <li>The pros and cons of going to one city and buying all of your property there.</li> <li>You need to have a team behind you and referrals are the best way to do that.</li> <li>How to identify a good property manager vs. a rent collector and tips for vetting them.</li> <li>Investors look for problem solvers in their property management service.</li> <li>The biggest concerns for property owners is tenant selection, maintenance, after-hour calls, etc.</li> <li>The cost difference between having a long-term tenant vs. a problem/short-term tenant.</li> <li>The type of flooring you should choose for your rental property.</li> <li>When property owners are less emotionally invested in a property they’re more likely to consider allowing pets.</li> <li>How to make sure you have good policies in place that are relevant to all markets.</li> <li>The different types of personalities that work in a property management firm.</li> <li>You need to get to know someone in whatever market you’re going to.</li> <li>People, Process, and Technology are the three things that are really important for a successful property management firm.</li> <li>If you’re investing in a rental property, it’s best to pay someone to make sure its managed properly.</li> <li>Anyone who doesn’t choose a property manager because of their fee structure is making a big mistake.</li> <li>There are two different operational processes, but they’re all geared toward the same end goal.</li> <li>Why referrals are so important and the highest compliment.</li> </ul> Key Points: <ol><li>Where you buy your property and how you build your portfolio matters.</li> <li>Your property manager should be transparent every step of the way.</li> <li>You need to get to know a property manager in whatever market you’re going to.</li> </ol> Tweetable Quotes: <ul><li>“A good property manager is going to be willing to meet with you, try to stop by their workspace if possible.” -Bryan</li> <li>“When investors are looking to manage different markets themselves they are overlooking the efficiency of property managers.” -Deb</li> <li>“People, Process, and Technology are the three things that are really important for a successful property management firm.” -Deb</li> </ul> Resources Mentioned: <ul><li>Check out our website <a href="https://www.ahiproperties.com/" rel="nofollow" target="_blank">ahiproperties.com</a></li> <li>Check out <a href="https://bhaminsgroup.com/" rel="nofollow" target="_blank">Birmingham Insurance Group</a></li></ul>

Episode 04: Diversifying Portfolios with Deb Newell and Jen Stoops