162 - Property Management to Build Wealth with Penelope Valentine She Renovates

Penelope Valentine from Property Alchemy joined me to talk about investing in property. Penelope and her partner, Belinda, are particularly skilled at managing investment properties.

After you purchase an investment property and add value to it through renovation, it is important that it generates wealth over time. Penelope and belinda are both long-term property investors and understand the value of a great property manager.



EPISODE HIGHLIGHTS:


[01:38] Property management
[03:57] Things that a property manager will perform.
[04:48] How to advertise the property
[6:14]  Current status of property rents in Sydney Australia
[07:51] The two systems of managing properties.
[09:35] Financial model of property management requires brilliant systems
[10:55] How to choose a property manager.
[12:51] Should an owner be attending inspections?
[18:13] General things that most tenants tend to look for.
[20:43] How does the residential tenancy act impact landlord



Resources



Penelope’s Website

https://propertyalchemy.com.au

Temple and Webster

https://www.templeandwebster.com.au

Women in Renovating Workshop

www.theschoolofrenovating.com/womeninrenovating



Connect with The School of Renovating

ASK BERNADETTE

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https://apple.co/3faoWlT

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