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People often have unrealistic expectations about what it's like to invest in property.
They buy a property in a terrible, so called "up and coming" area, hoping to buy cheap and sell high. It's not a neighborhood they'd want to live in, yet they expect the property to magically appreciate and that tenants or a new owner would want to live there. Other people go into business with a partner to start investing and expect it to be easy peasy. Partnerships are rarely easy. In this interview, we talk to Jeanne Whipple of the Philly Home Girls. Jeanne's an experienced realtor and investor. She's even done several larger scale residential developments. Hear tips from Jeanne about how she chooses what property to invest in, and her top tips for new investors. For further information from Jeanne and Philly Home Girls, visit https://www.phillyhomegirls.com/ If you are an investor and need help setting up your investments and running them as a business, reach out to our office for one of our real estate investor packages: www.phillysmallbusinesslawyer.com Are you an investor that's going to manage your rental properties yourself in order to save money? There are a number of reasons why that could be a terrible idea. In addition to costing you time, you could be missing out on an easy way to shift some of the risk and potential liability to another party. With a properly constructed contract, you might be able to mitigate some of the risks if the property is not maintained well.
Give this episode a listen to see if you are being pound foolish in managing your own property. In this latest video, find out what you need to consider when you buy an investment property and are now going to lease it to commercial tenants. You'll need a lease, of course! Commercial leases are not like residential leases and involve many more terms and considerations. Watch this video for some critical tips.
If you need help with a commercial lease for your property, don't hesitate to contact our office. |
AuthorSarah E. Holmes is a Philadelphia business attorney and strategist that helps start ups and established businesses looking to expand, protect their assets and increase their profits in an approachable, down-to-earth way. When you're looking for a business lawyer in Philadelphia, the Main Line or New Jersey, we can help. Categories
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May 2022
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