E43: Advice for First TIme Investors with Field Manager John Velardi

One of the key roles in any property management company is without a doubt the Field Manager position. On today’s show, Co-Host TJ Hock talks to Rentwell’s Field Manager, John Velardi to discuss how his role impacts the owner and tenant experience by doing thorough site visits during the term of the lease. John offers his expertise and valuable advice to investors on what to look for when purchasing a property in order to avoid major issues in the future!

John grew up in Collingdale, Pennsylvania and was a 2002 graduate of Neumann University. Prior to joining Rentwell, John was the Director of Operations for Swiss Farms Stores. John has built upon his vast experience in management, maintenance and operations and holds an essential role at Rentwell. Recently married, John lives with his wife, Carrie in Oreland, Pennsylvania.

Timestamps:

0:00 - Introductions

6:19 - What do you do on your site visits?

13:25 - Are there any non-negotiables during site inspections?

15:25 - Advice for first time investors

19:41 - Interesting stories about home inspections

22:38 - Most common occurrences during move-out inspections

Key Takeaways:

The Field Manager is responsible for everything inside and outside of the property

John manages tenants during their move in and move out process

Numerous site visits ensures the owner that their property is well taken care of

Inspect everything when purchasing an income property, including places you wouldn’t normally such as flooring, ceiling and floor joists, mechanicals & water