The Fine Details of Flipping & Kaely Pal's Property Management Playbook with Kaely Pal

Kaely Pal of Pal Property Solutions is a realtor and real estate investor with a strong background in property management. She and her husband Alex work together in their real estate business and we've invited her on the Self Wealth Real Estate podcast today to talk about her role in flipping and managing properties in their business.  Listen now to learn more about flipping and managing properties, and how you can set your properties apart from their competition, whether you're selling or renting it out!   Key Talking Points of the Episode   00:00 Introduction 03:24 What is Kaely's background?  05:30 How did Kaely start investing in real estate? 07:46 What is Kaely's experience with property management? 11:35 What does it take to be successful at property management? 13:30 How can leveraging other people's strengths help you scale your business? 15:07 What should you be looking for when hiring property managers? 18:34 What is Kaely focused on in business today? 21:35 Why do the little details in renovations matter so much? 26:26 What does a picture-frame trim look like? 28:10 What difference do the right light fixtures make in a flip? 30:04 What is the importance of staging a property? 35:17 How can you design rentals effectively? 37:56 How have interest rates affected the real estate market in Canada? 39:19 How can you make your Airbnb more appealing to families? 41:35 What is Kaely doing with her realtor business? 44:10 What was Kaely's most favorite real estate deal like? 49:53 How did Kaely's worst deal go? 52:47 What should be your goal in real estate investing? 54:50 What has changed in Kaely's approach to real estate investing? 57:03 What advice would Kaely give her younger self? 58:53 What is the most overhyped real estate investing strategy today? 01:02:30 How can you connect with Kaely?   Quotables   "I think one of the best and most valuable lessons you can learn, and unfortunately, typically you have to learn it the hard way, is even a loss in the short-term equates to a much greater gain in the long-term."   "I think everything should be about balance and when you get out of balance, you'll know too. You'll see it in your business too and the decisions you make."   "There's some intelligence and maturity that comes with knowing that it's not giving up if you're simply just shifting."   Links   Website: Pal Property Solutions https://www.palpropertysolutions.com/