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
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