Welcome to "Wealth Within Reach," the podcast where we redefine the path to prosperity and inspire you to seize the opportunities that can transform your life. I'm your host, Erika Brown, a real estate investor, homeschool mom, and serial entrepreneur, and I'm thrilled to guide you on a journey towards financial empowerment.
This podcast is a call to reconsider your approach to wealth-building and a reminder that prosperity is not an elusive dream—it's well within your reach. I'm here to empower you, challenge your mindset, and provide the tools you need to shape a future of abundance. So join me on the Wealth Within Reach podcast - where your journey to financial success begins now!
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Welcome to "Wealth Within Reach," the podcast where we redefine the path to prosperity and inspire you to seize the opportunities that can transform your life. I'm your host, Erika Brown, a real estate investor, homeschool mom, and serial entrepreneur, and I'm thrilled to guide you on a journey towards financial empowerment.
This podcast is a call to reconsider your approach to wealth-building and a reminder that prosperity is not an elusive dream—it's well within your reach. I'm here to empower you, challenge your mindset, and provide the tools you need to shape a future of abundance. So join me on the Wealth Within Reach podcast - where your journey to financial success begins now!
58: How to Avoid Rookie Mistakes as a New Landlord
Wealth Within Reach
18 minutes
4 months ago
58: How to Avoid Rookie Mistakes as a New Landlord
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I’m sharing the hard lessons I had to learn the expensive way, so that you don’t have to. Whether you're already a landlord or thinking about becoming one, I want to help you avoid the mistakes that cost time, money, and peace of mind. I walk you through what I wish someone had told me before I got started—from not giving tenants your personal number, to never accepting rent through Cash App, to why having a clear system from day one changes everything. If you’re going to run a rental property, you need to run it like a real business.
I get real about how I learned to prioritize value over price, why documentation is everything, and how building good systems and investing in quality upfront has helped me protect my time, my money, and my peace. If you’re ready to manage your properties like a pro and build wealth with intention, this one is for you.
KEY POINTS:
- The importance of running a rental property like a business
- Professionalism: Strategies to maintain landlord-tenant relations
- The value and benefits of using rental property software
- The pivotal role of having an onboarding process for new tenants
- Understanding real estate as a long-term investment
- Focusing on value rather than price in making investments
- Common pitfalls in choosing the cheapest contractor
- Share your experiences and advice for new landlords
QUOTES:
“Real estate investing is a long game. You make your money when you buy and you make your money over time.” – Erika Brown
“The goal is not to allow your real estate investments to create another job. Your goal is to help your real estate investments, to free you up, to save you time.” – Erika Brown
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[RESOURCE] Ready to enhance your child’s learning at home? Here are the homeschool activities for your kids!
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RESOURCES:
Erika Brown
IG: @erikabrowninvestor
LinkedIn: @erika brown
Wealth Within Reach is produced by EPYC Media Network
Wealth Within Reach
Welcome to "Wealth Within Reach," the podcast where we redefine the path to prosperity and inspire you to seize the opportunities that can transform your life. I'm your host, Erika Brown, a real estate investor, homeschool mom, and serial entrepreneur, and I'm thrilled to guide you on a journey towards financial empowerment.
This podcast is a call to reconsider your approach to wealth-building and a reminder that prosperity is not an elusive dream—it's well within your reach. I'm here to empower you, challenge your mindset, and provide the tools you need to shape a future of abundance. So join me on the Wealth Within Reach podcast - where your journey to financial success begins now!