Shownotes
#124:
What This Episode Is About:
On this week’s episode of The Wealth Without Wall Street Podcast, Joey and Russ sit down with Brian Davis to discuss 5 common mistakes new landlords make when they begin investing in real estate.
Brian is the co-founder of SparkRental, an automated landlord software, and is a nationally recognized rental industry expert. He explains how he began investing heavily in real estate during the housing bubble in 2005, how the market crash left him with dozens of negative cash flow properties, and what he did to rebuild his passive income to over $20,000 a month in rent.
Brian describes his goal for others as creating more fluid and easy to grasp processes of automating real estate, so people can reach financial freedom faster.
This is a perfect episode for those who are interested in property management but want to avoid some of the common mistakes that many find themselves making when they are just getting started.
Mentioned In This Episode:
- Why everyone should start seeing rental properties as a great source of passive income.
- What processes you can automate to streamline rental and management tasks and which processes you should keep doing manually.
- How to properly assess your progress and recognize if you are on the right track or making careless mistakes.
- And much more!
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