May 5, 2022

The Pillars of Good Property Management with Sue and Craig Richey - Episode 219

The Pillars of Good Property Management with Sue and Craig Richey - Episode 219

Sue and Craig are owners of Richey Property Management, a residential property management firm in the Northern Virginia area which is just outside of Washington DC. Sue is the Broker of the company and has been in the real estate industry since 1997...


Sue and Craig are owners of Richey Property Management, a residential property management firm in the Northern Virginia area which is just outside of Washington DC. Sue is the Broker of the company and has been in the real estate industry since 1997 and Craig is the COO. They both started in the real estate business selling homes and were successful Realtors. When they started buying investment properties in the early 2000s, they knew they were hooked and over the years have bought and sold many rental properties.

In 2006, they started Richey Property Management and as the market was headed for a downturn, the property management business began to grow as people weren’t buying and selling but still needed a place to live so people were still renting. Since then they have grown the property management business to today currently managing around 700 single-family homes. They are active investors as well and own several investment properties of their own.

In the business, Sue’s focus is on sales and marketing while Craig really manages many of the financial aspects and legal and compliance. They have built a great team over the years, and together they work hard to create the best experience possible for their clients.

Both Sue and Craig are passionate about travel and have traveled all over the world. They have three children who are grown now and their son also works with them in the business.

Curtis’s motto is that what you learn today and how you position yourself will determine your future financial well-being 5, 10, 20 years from today. To learn more about how to manage your wealth in a practical way, visit www.practicalwealthadvisors.com 

 

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Show Notes

  • Who the guests for today are and how they got started in property and investment management
  • How Sue and Craig Richey determine success
  • The thought process as they run their business
  • Mistakes that people make when managing their own properties
  • When is the right time to get the services of a professional
  • Transferring risks using insurance and trusts
  • The three pillars of protection
  • What Sue and Craig are excited about for the next two to three years
  • Where and how to reach out and get in contact with Sue and Craig


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