Pride in being in a Landlord - Philadelphia Real Estate

By
Real Estate Agent with The Somers Team at KW Philadelphia

Pride in Being a Landlord

 

Yesterday Stephanie and I met with our new tenants for one of our investment properties in Philadelphia.   It was a little unusual for these tenants sublet from our prior tenants so we met to go over a new lease.

The people we met were so nice, courteous and friendly.  We took a tour of the property and were amazed.  It was in better condition than when the first tenants moved in.  They were very neat and painted some of the walls very nice colors.  The property almost looked staged in a way as if we were putting it on the market !!

I left the meeting with a feeling of prideIt certainly feels great to be able to provide quality housing to great people.  I think that is one of the intangible benefits that investors forget about.  Investors are always crunching the numbers, looking at the cash flow analysis and their own wallets per se as what to fix up now versus later and so forth.

It is important though to not forget what we are really doing - providing housing !  The bottom line is that the better product that is provided, the better quality of tenant you will have - and potentially a higher rent amount as well.   Which is why we are always attentive to our tenant's needs as well as the properties' needs too !

By the way, this is an excellent time in this market to acquire an investment property or two (or three) in our Philadelphia marketplace. 

If interested in buying or selling investment properties in Philadelphia, please contact Chris and Stephanie Somers at 215-400-2612 or thesomersteam@yahoo.com

Philadelphia Real Estate                          Philadelphia Real Estate Blog

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Rainer
23,013
Suzanne Champion
N.J. Realty - Westerville Ohio - Columbus, OH

Completely agreed!  Caring landlords are a valuable part of our economy - and I know back when I was younger and still renting, they were very much appreciated.

It's also a fabulous time for investors to buy here in the Columbus Ohio area.  Come'n get it!

Aug 25, 2008 12:36 AM #1
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The Somers Team
The Somers Team at KW Philadelphia - Philadelphia, PA
Delivering Real Estate Happiness

Suzanne,

Great point - it seems like landlords get a bad rap when in reality are a vital part of the economy !

I will need to look into the Columbus Ohio market : ) - are some great investment opportunties coast to coast !

 

Aug 25, 2008 01:08 AM #2
Rainmaker
493,032
Daniel J. Brudnok, REALTOR
Berkshire Hathaway Home Services Fox & Roach, REALTORS - Exton - PA License #RS-225179-L / Delaware License #RS-0025038 - Downingtown, PA
SRES, e-PRO,ABR,GREEN,CSP

Chris and Stephanie,

Keep trying to change the face of landlords and you will be the BIG winner......good luck.

Aug 25, 2008 03:58 AM #3
Rainer
12,453
Paul Jones
Kansas City Regional Homes - Olathe, KS
PIC Properties - Kansas & Missouri

You two always amaze us.  You have such great attitudes and ideas.  It is more than just investing when you are willing to be a landlord. 

Aug 25, 2008 12:38 PM #4
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The Somers Team
The Somers Team at KW Philadelphia - Philadelphia, PA
Delivering Real Estate Happiness

Dan - I hope you are correct !!!! 

Paul - thanks for the compliment.  I think investing in real estate requires more than just numbers - good landlords can be part of the community and intergal in people's lives for we are providing housing !!

 

Aug 25, 2008 01:03 PM #5
Rainmaker
1,036,603
Kathy Clulow
RE/MAX All-Stars Realty Inc. Brokerage - Uxbridge, ON
Trusted For Experience - Respected For Results

Christopher and Stephanie - Great tennants and great landlords make for great properties a winning combination in my books

Aug 25, 2008 03:10 PM #6
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770,323
The Somers Team
The Somers Team at KW Philadelphia - Philadelphia, PA
Delivering Real Estate Happiness

Kathy - could not agree more !  Bodes very well for the property and its value : )

 

Aug 25, 2008 03:22 PM #7
Rainmaker
2,781,913
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Chris & Stephanie, I had a close friend with an apartment and they wanted ME to select the tenant.  I asked her to lower the price a bit because I feel people are then SO grateful to have a nice place, they will take care of it---and they do!  Great post.

Aug 26, 2008 03:25 AM #8
Rainer
78,168
David Slavin
Keller Williams Premier - Katy, TX
CDPE, ABR, SRES Keller Williams Premier

Finding good tennants is an art form so it's good that you have been able to maintain good ones.

Aug 26, 2008 04:39 AM #9
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