58: How to Avoid Rookie Mistakes as a New Landlord

[STEADILY] Secure your rental property with hassle-free landlord insurance. Get started now!  [LIMITED TIME PROMO] Unlock your potential and save $500 off the Pathway Program with code P2P500! Gain expert insights and actionable strategies to fast-track your growth. Don’t miss this offer – accelerate your journey today! [OILI Conference] Don’t miss out on the opportunity to be part of a dynamic community of investors! Join the Waitlist now and secure your spot at this exclusive event! 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  [INVESTOR ROADMAP] Ready to take control of your future? Discover your personalized real estate strategy with our Investor Roadmap Quiz. Start Your Quiz Now and map out your path to success! [RESOURCE] Ready to enhance your child’s learning at home? Here are the homeschool activities for your kids!    [FB GROUP] Loving the podcast and want to engage more with me and our incredible guests? Join the Owning It and Living It Facebook group! It’s where you’ll find real estate tips, expert guidance, and a community of investors to support you. Join today and let’s level up your real estate journey!   RESOURCES:  Erika Brown IG: @erikabrowninvestor LinkedIn: @erika brown Wealth Within Reach is produced by EPYC Media Network