In season three, we focused on sharing our story of investing in out-of-state rental properties. While throughout that season we shared a lot of wins, today we come full circle on one of the rental properties that we just recently lost over $27,000 on.
You'll hear about our initial excitement of finding a "great" deal, the challenges of managing tenants, and the problematic issues that arose along the way. From unexpected repairs required by city code enforcement to issues with our "tenant from hell", we take you through the ups and downs of our rental property journey.
But - it's not all doom and gloom. We share the valuable lessons we learned from this experience and the strategies we use now to mitigate risk and maximize profits in our real estate investments. Whether you're a seasoned investor or just starting out, this episode is a must-listen for anyone looking to learn from the pitfalls of our rental property journey. Tune in now to learn from our mistakes - so you don't make the same ones.
