Ep. 11: Rental Insights: How to Price Rentals, Attract Ideal Tenants and Handle Adverse Situations with Zoe Fox

Hacking Real Estate Podcast

We're back from a brief hiatus with Episode 11!
This week our guest is Zoe Fox - licensed realtor and South Philly property investor.
In this episode, Zoe provides advice and insights into the rental market. She shares her expertise on assessing affordability for renters, setting rental prices based on comparable properties, and how to handle rent increases or changes. She also provides tips for attracting the best renters, dealing with difficult tenants, and the importance of having a bulletproof lease. Lastly, she emphasizes the importance of not being afraid to become a landlord.
Key Takeaways:

• Adjust rent based on net income and rental market.
• Use MLS or similar searches to set rental prices.
• Be curious and work out an arrangement with tenants who are routinely late on rent.
• Attractive features include central air conditioning, smart features, and upgraded appliances.
• Don't be afraid to become a landlord.

Time Stamps:
Zoe’s real estate journey (0:00)
Managing other people’s business (3:10)
Quality over quantity in real estate investing (8:13)
The tax benefits of real estate investing (10:20)
The swap until you drop strategy (14:31)
How to screen applicants (19:06)
How to search for a property in Philadelphia (24:11)
What to look for in a rental property (29:06)

About Zoe Fox:
Zoe Fox has been a licensed Realtor for 9 years. She obtained a bachelor's degree in interior design from Moore College of Art and Design, and has a diverse background in home services encompassing design, construction management, marketing and sales. Alongside her husband, Zoe successfully manages their investment properties in South Philadelphia. Additionally, she runs a boutique floral design company that specializes in weddings and events.
@zoefox.home
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@hackingrepod