How To Maximize ROI For Your Northeast Philadelphia Investment Property

by John Roedig | Apr 17, 2018 | Blog, Invesment, Owner Education, Property Management Education, Tenant Education, Uncategorized | 0 comments

At McSherry Property Mnagement, we are located in northeast Philadelphia, and people often ask us how to increase their return on investment, or ROI, in this area. You’d think there would be a simple answer, and part of it is simple. But, as with most things, part of it gets a bit more complicated.

INVESTING IN RENTAL PROPERTIES IN NE PHILADELPHIA COMMUNITIES

In northeast Philadelphia, we have various communities. There’s not just one northeast Philadelphia neighborhood. If you want to do some real estate investing here, you can look at communities such as Bustleton, Woodhaven, and so on. Each area has different economics. If you don’t know the areas in Philadelphia, go to a demographic website such as www.usa.com. It’s a great, free site that will provide typical incomes and housing styles for different communities.

INVESTMENT PROPERTIES: CONTROLLING COSTS AND ASSET ENHANCEMENT

Another way we enhance ROI throughout this area for the people in our portfolio is to control costs. Knowing which plumber to use can save you hundreds or even thousands of dollars. Asset enhancement is another way to increase ROI. This includes the right tenant placement. Getting a tenant in place in less than 30 days will earn you a lot more than a vacancy that lasts 90 days. We have to roll a unit quickly after a tenant moves out. You want to get the property rent ready within 30 days and a tenant in there within five days. Often, we do this within 15 days, and that helps our owners’ ROI. Quick tenant placement allows you to collect rent faster. That’s your business; earning rent.

You can try some of these things on your own as an individual landlord, but a professional management company has a lot more expertise. We can help you with what to expect.

PROPERTY MANAGEMENT IN PHILADELPHIA: MAXIMIZING ROI

Maximizing your return on investment requires two things. First, you have to make sure your rent is at the market level. Increasing the rent will increase your ROI. Then, you have to focus on asset enhancement and control your costs.

Let’s talk about your options. Contact us at McSherry Property Management & Real Estate for property management in Philadelphia, and we’ll tell you more.

John James Roedig

With 30 years of financial and management experience, John is Co-owner of McSherry Property Management and Co-Founder of Roedig Vesco Commercial Real Estate. John sets the overall corporate direction for both companies and is responsible for the administrative affairs. He is also the president and owner of Valley Holding Group, Inc. a multi-family asset owner. John Is a member of NARPM, IREM and National Association of Realtors.

Prior To John’s career in Property Management and Commercial Brokerage John held senior management positions in the cogeneration & independent power industries.

John grew up in Huntingdon Valley, PA, and LBI, NJ. He now splits his time in PA and in South Florida.

John has a BS degree in Accounting & Finance from LaSalle University and also holds an MBA From LaSalle University

Joe Vescovich

As a longtime resident of the Philadelphia metro area, Joe understands the numerous intangible benefits of life and opportunities within Philadelphia and surrounding areas. After graduating from Penn State, Joe and his family moved back to the area and he has extensive experience within the commercial and residential appraisal fields. Through this extensive background within the local area and regional market, Joe has a strong understanding of the dynamics within the various communities of this area.

Connected to the community through volunteer and board membership, Joe has additional insight into local zoning, as a member of the Cheltenham Twp. Zoning Board and other nonprofit organizations. Joe’s contacts and lifelong residency leverage his energy and enthusiasm.

Education includes degrees’ in Construction Engineer (Spring Garden College), and Operations Management (Penn State). Professional designations include those in the appraisal sector. Joe has been involved in professional podium speaking/training, and teaching activities. Joe has authored and taught multiple 30 hour and full day Certification and Broker programs at The Pennsylvania State University, Polley Associates, Appraisal Institute, and Northeast Board of Realtors. Other professional commitments have included several national and local professional committees with the Appraisal Institute, International Right-of-Way Assoc. and Appraisal groups.

When not assisting clients, Joe enjoys spending times time in the art world. He is interested in the visual arts. Trained as a woodworker, this creativity component extends into the business arena and beyond.

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Nancy Lewis
Director of Leasing

Nancy Lewis has over 20 years of experience in customer service and account management. She previously worked in the new build construction field. She recently joined the team at McSherry Property Management as the Director of Leasing. Some of her current duties include meeting with future tenants, showing rental properties and creating leases, as well as handling client concerns. She is also given the opportunity to create new policies and procedures to help the business grow. The entire team at McSherry Property Management is very respectful, open to new ideas, and work in a positive environment while expanding their business and remaining innovative as they proceed. Nancy enjoys the close relationships built between coworkers and management. She is extremely grateful for the opportunity to be part of the team and to work with all of McSherry Property Management’s clients.

MaryEllen Meehan

MaryEllen has been a member of the JG McSherry team for over 40 years. Her experience crosses over many aspects of the real estate business including title insurance, property casualty insurance, condominium, conversions, sales and property management. Her current duties are more in an assisting capacity in any of our departments at this time. She is very proud to be associated with a firm that has consistently exhibited integrity, responsibility and professionalism over the decades