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The Ultimate Landlord Mistake That Kills Your Profits | EP. 41

The Ultimate Landlord Mistake That Kills Your Profits | EP. 41

FromThe FasterFreedom Show: Change the Way You Think About Freedom


The Ultimate Landlord Mistake That Kills Your Profits | EP. 41

FromThe FasterFreedom Show: Change the Way You Think About Freedom

ratings:
Length:
33 minutes
Released:
Dec 7, 2022
Format:
Podcast episode

Description

As you start looking into purchasing and renting out your real estate property, you naturally think about a profitable return on your investment. However, many landlords realize too late that they're making a mistake that costs them the biggest expense and kills their profits. Don't make the same mistake. So what is the biggest expense you should avoid if you pursue being a landlord? Sam and Lucas answer you in today's episode of The FasterFreedom Show. Tune in to learn what turnover is, why it costs so much, why it's important to screen potential tenants diligently and how Sam and Lucas choose their tenants.  “There are more good tenants out there than good landlords out there by far.”- Sam Primm  “The longer your average tenant stays in your property, the lower your turnover expense is gonna be.”- Lucas Walls  In this Episode:-What is turnover?-Why good tenants are important-Why turnover costs so much (let's look at some numbers)-How Sam and Lucas approve tenants-Top 5 vacation destinationsAnd more!Resources:-Financing For Real Estate Investors, Simplified - https://www.fasterfreedomcapital.com/Connect with Sam and Lucas:- Website- Instagram- Facebook- LinkedIn- YouTube- TikTok
Released:
Dec 7, 2022
Format:
Podcast episode

Titles in the series (100)

It’s time to take control of your future and secure monthly cash flow. Not talking about your annual raise or getting a bigger bonus check, either. We’re talking substantial wealth that can transform your life and the generations that come after you using the power of real estate investing. If you have been plugging away at the same job for years and feel like you should be way further along by now, making substantially more money, You are not alone. So many people regret not taking action sooner, so they stick with the dead-end job and nothing ever changes. But the good news is it’s not too late, and by listening to Ordinary Guys, Extra Ordinary Wealth you’ll already be well on your way to financial freedom. Ordinary Guys, Extra Ordinary Wealth is going to teach you the exact methods that have helped hundreds of people go from making their first investment with no experience, to multi-millionaires with incredible portfolios that generate monthly passive income… and the best part, they did this without using any of their own money. Your hosts, Sam Primm and Lucas Walls started investing in real estate on the side, just like you. These two took their venture from side hustle to full-time job, and now own $40 million in rentals and counting (without using any of their own money). That has blossomed into an umbrella of industry-related companies that enhance and support their ventures. And really, they’re just a couple of normal millennial guys from the midwest! If you’re ready to take control and learn real estate investments the simple way, join the passive wealth club, grow a multimillion dollar portfolio, and even have fun doing it, Ordinary Guys, Extra Ordinary Wealth is a must-listen podcast. Follow the show now so you don’t miss a single episode.