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The Art and Science of Property Management: Should Real Estate Investors Manage Their Own Property? with Kim Avant-Babb - Episode 138
Episode 138

The Art and Science of Property Management: Should Real Estate Investors Manage Their Own Property? with Kim Avant-Babb - Episode 138

The Practical Wealth Show · Curtis May, Kim Avant-Babb

July 1, 202035m 5s

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Show Notes

Since 1996, Kim Avant-Babb has operated Babb Properties LLC, a real estate development firm headquartered in Sicklerville, New Jersey that redevelops urban residential properties in her native Philadelphia in order to provide quality housing and build stable communities. Babb Properties LLC celebrates 30 plus years of a 0% eviction rate and prides itself on quality customer service and landlord integrity. Kim also provides landlord coaching and mentoring. Kim Avant-Babb is also the chief strategy officer at the New Jersey redevelopment authority (NJRA), a multi-million dollar independent financing authority created by the state of New Jersey to transform urban communities through direct financial investment and technical support. In today's episode, Kim and Curtis talk about Kim's philosophy and her company.

Curtis's motto is that what you learn today and how you position yourself will determine your future financial well-being 5, 10, 20 years from today. To learn more about how to manage your wealth in a practical way, visit www.practicalwealthadvisors.com

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Show Notes

  • Kim's background - 1:42
  • Passing down knowledge - 3:27
  • The strategy from the beginning - 4:05
  • Buying in the right location at the right price - 4:47
  • Having a real estate business - 5:48
  • Talking about the individual investor - 10:00
  • Bringing value to the marketplace - 19:00
  • Facilitating your property management - 22:30
  • Some tips for landlords - 24:03
  • Being addicted to reading - 27:03
  • How you manage change - 27:53

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