In this episode of the Rental Property Café™ Video Podcast, real estate financial planner Cynthia Meyer and real estate advisor Veronica Woods talk about the 6 common rental property budget mistakes that they have seen rental property owners make -- and what real estate investors can do to avoid them. ☕ Rental Property Budget Mistake #1: Underestimating All The Variable Expenses [00:02:53] ☕ Rental Property Budget Mistake #2: Not Budgeting Enough For Turnover Expenses [00:06:08] ☕ Rental Property Budget Mistake #3: Not Including A Budget For A Property Manager [00:08:36] ☕ Rental Property Budget Mistake #4: Not Prioritizing To Build Cash Reserves [00:11:33] ☕ Rental Property Budget Mistake #5: Not Monitoring Your Actuals vs. Your Budget On A Regular Basis [00:12:55] ☕ Rental Property Budget Mistake #6: Not Tracking Your Budget At All [00:16:33]
About the Rental Property Café™:
The Rental Property Café™ podcast offers a real estate tool kit for busy professionals who are building a real estate portfolio. In each episode, co-hosts Cynthia Meyer & Veronica Woods explore ways to grow a successful real estate business while growing your career.
Connect with Cynthia Meyer:
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- Email: cynthia@reallifeplanning.com
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