4 Step Process to Self Manage Like a PRO
Welcome to the Real Estate InvestHER Show! In this episode, we have special guest Kim Avant-Babb, co-founder of Babb Properties, LLC, a New Jersey-based real estate development firm specializing in redeveloping urban residential rental properties. With 38 years of experience, the company boasts a 0% eviction rate and offers property management services through its digital document bundle, Landlord Docs 30. Kim also runs Legacy Real Estate Consulting, coaching and mentoring other landlords. Kim discusses the pros and cons of self-management versus hiring a third party and shares her personal experience of learning to self-manage properties. She provides a checklist bundle that complies with Philadelphia jurisdiction and presents the MSRP formula to assess mindset, skillset, resources, and plan when considering self-management. Kim emphasizes the importance of good communication skills and being able to judge people in a healthy, diplomatic way. Lastly, Kim reminds us that success in real estate is not necessarily determined by whether or not an individual chooses to self-manage. Tune in to hear all about Kim’s journey and gain insight into the real estate world! Quotes · “Communication is the elixir of a fruitful, a productive relationship." (16:48 – 16:56) · "Energy and attitude matter a tremendous amount when you are conducting this business.” (27:52 - 27:58) · "Relationships are complicated. They take work. When you are figuring out something with your spouse or partner, you have to be patient.” (37:58 - 39:29) Connect with Kim: LinkedIn: https://www.linkedin.com/in/babbpropertiesllc Instagram: https://www.instagram.com/lldocs30/?hl=en Facebook: https://www.facebook.com/kim.babb.7798/?fref=nf Kim’s Free Landlord Tips at: https://sociatap.com/Landlorddocs30/ Resources Mentioned: · Who Moved My Cheese? By Spencer Johnson How To Join the InvestHER Movement 1) InvestHER CON 2023 Scottsdale, Arizona, May 18-19 Generational Wealth - You Come First Here is what you can expect at InvestHER CON 2023: Pre-event network 2 Full days of transformational experiences Access to over 20 Sessions with Keynotes and Speakers Recordings from all sessions Access to investors, mentors, and influencers Mindful networking Opportunities to connect with our sponsors + vendors Coffee and Lunch included Final Reception: Red Party Live 30-day Group Accountability Virtual Session with the Founders Liz and Andresa Exclusive Breakfast for STRIVE members only. "InvestHer CON was truly a transformative experience. I have felt so alone for so long and now I feel like a have a community of support. I don’t have to be the master of everything and take it all on my shoulders, I just have to do what I am excellent at." Heather Giammichele We reserved the entire resort for us! Join us in. Get your ticket today! https://www.therealestateinvesther.com/investhercon 2) InvestHER Community on Facebook : a safe place for women to ask real estate investing questions and gain the support they need to achieve their goals! 3)STRIVE Membership - for highly ambitious and decisive Real Estate investors looking to grow your Real Estate portfolio on your own terms while making deeper relationships with successful women playing at the same level. APPLY today at https://www.therealestateinvesther.com/membership 4) InvestHER Meetups Around the Globe : attend in-person meetings held monthly by experienced InvestHER Leaders! Find the location near you HERE! 5)The Real Estate InvestHER Podcast - straight talk and inspiration for current and aspiring female real estate investors to live both balanced and financially free lives. Subscribe here. 6)InvestHER™ ORG with eXp : all-woman investment group for agents and build your personal portfolio while creating generational wealth! Get the benefits of being part of a team without extra fees! Click here and schedule a discovery call.