Philadelphia Real Estate Podcast With Jack Barry

Buying a home? Click here to search all homes for sale Selling a home? Click here to get a FREE home value report You can use Airbnb to make money off a property that you already own—even while you’re living there.  I had two interesting conversations this week about Airbnb. The first was with a client who had bought a home a few years ago. Until recently, he had a roommate the whole time. When I talked to him, he wasn’t sure if he wanted another roommate or if he wanted to live on his own. He said, “I wish I could have a part-time roommate.” I said, “Why don’t you do an Airbnb?” He wasn’t sure, so I ran his address through our rent analyzer. We entered some information about the property, which has two bedrooms and one bathroom. If he rents out one bedroom on Airbnb, he could make $31,000 a year. “ Airbnb is a great way to make money off the property you are currently living in. ” Another client had a property in West Philadelphia. He didn’t own the home he was talking about, so I entered my own address into the rent analyzer to give him an idea. We could rent out two bedrooms but for some reason, in the center of Philadelphia, one bedroom makes more money than two. I guess there is not enough demand for two bedrooms on Airbnb. In any case, we would only need to rent the property 38% of the time to make about $34,000 a year. So, there are different ways to make money with real estate. If you already own real estate, you don’t have to go out and buy another property, which is what a lot of people end up doing. You can become a real estate investor by using the property you already own and renting out a room on Airbnb. If you have any other questions about Airbnb or Philadelphia real estate, just give me a call or send me an email. I would be happy to help you!

Buying a home? Click here to search all homes for sale Selling a home? Click here to get a FREE home value report Fall is here, and we here at the Jack Barry Group have some exciting events coming just around the corner. First of all, if you have worked with us in the past we’d love for you to join us for our Client Dinner. This is coming up in about two weeks and is an event we host every other month. We invite between 10 to 18 clients who have already purchased or sold with us so that everyone can get together and share ideas on investing and homeownership.  Next, we have our Run for Your Life event on October 26th. At this event, teams run through a cemetery at night as part of a fundraiser. Costumes are optional, but it’s always a lot of fun. This event is put on by MANNA (Metropolitan AIDS Neighborhood Nutrition Alliance), which is an organization that services sick and shut-in people. They deliver meals to approximately 65,000 people a month. This is our second year sponsoring MANNA and we are absolutely honored to do so. Last year we had 19 people show up for our team and we hope to have similar, if not more, success this year. Also, once everything is finished, I’ll be taking everyone out for dinner.  If you’d like to learn more, you can find more information here.  “ We’ve got some exciting events coming just around the corner. ” Lastly, I’d like to talk about our Vision Board Party. Vision boards help you set goals. It is essentially an accountability tool in the form of a collage. On our team we tend to build our vision boards around where we’d like to be three years from now. We find this is a fun and effective way to work towards our aspirations. For further information, visit this page.  If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

If you want to have more relationships with friends, colleagues, business associates, etc., you need to lead generate. Buying a home? Click here to search all homes for sale Selling a home? Click here to get a FREE home value report I recently did an interview on the Real Estate Success Rocks podcast and talked about how to approach lead generation in both your life and business, and I want to elaborate on some of the important points of this topic for you.  To listen to the full podcast episode, click here. I’ve been in real estate for 10 years, and I have yet to find a business that doesn’t need lead generation. As Gary Keller says, “Until I have too many leads, that is my No. 1 problem in business.” Lead generation is a fact of business. We have mastermind groups who work with business owners to get out of production and into strategizing, or how to start working on their business instead of in it. In order to do that, we need to have enough leads so that I can have more resources (e.g. money and time) to hire more people so I can grow my business bigger or grow another business in another industry. What’s happened to me is the more people I help, the bigger and more successful my life gets. I’m not just talking about money, either. Lead generation is also a life skill. If you want to have more relationships with friends, colleagues, business associates, etc., you need to lead generate. “ Lead generation is both a fact of business and a life skill. ” You have to take massive action if you want massive results. I’m in anywhere from three to seven coffee shops a day meeting with people. Sometimes it’s 15 minutes, sometimes it’s an hour. It’s about attraction—not promotion. That’s how we get business, earn friends, and help people get to the next level in their lives. For example, each member of our team does what’s called a “vision board” that we have to update every quarter. The vision board is essentially a poster board that you attach goal-related images to and hang at home somewhere that you can see every day. That way you know if you’re getting closer or farther away from your goal. My vision board is coming up next week, and if I don’t have a goal and I don’t know where I’m going, I’ll end up somewhere else. If you have any questions about lead generation in your life or business, send me an email so we can help you get to the next level. I look forward to hearing from you.

When you buy a home, it’s incredibly important to work with a local Realtor. Local agents, like me, know the area best. Buying a home? Click here to search all homes for sale Selling a home? Click here to get a FREE home value report When you buy a home, it’s incredibly important that you hire a local Realtor who has boots on the ground. Why? Recently, a list came out with the top 10 zip codes in Philadelphia.Properties are really moving in these 10 zip codes, and I’ve lived in seven of them. I have the inside track on what’s happening in those areas. For example, we recently had some clients who were from out of town. They came to Philadelphia, looked at a property, and asked, “Why has this home been on the market for 53 days? The price is great and it has everything we want—why is it still on the market?” Since I know the area, I was able to answer them. This particular home is across the street from a supermarket, and the supermarket’s loading dock faces the house. That means from 3 to 5 a.m., truckers come in to unload their products. If these buyers worked with an agent who didn’t know the area, they would have wound up with a rude, early wake-up call. Before you hire an agent, make sure that you interview two to three Realtors. Make sure that they know the area. I go to a lot of zoning and community civic association meetings because they tell me what’s coming down the line. I also go to the Delaware Valley Regional Planning Commission meetings to get an idea of what’s happening in the next two to five years. So, hiring a local Realtor with boots on the ground is always your best bet when buying your home. That’s not necessarily the case for sellers, but that’s another video. In the meantime, if you have any real estate questions, just give me a call or send me an email. I would be happy to help you!