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123: Rental Profits Exposed: Are You Really Cash Flowing?
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In this episode of the Property Prophets Podcast, we dive deep into a critical aspect of rental property investing that often gets overlooked. Many investors boast about cash flowing $500 or $1,000 a month from their rentals, but the reality isn't always that simple. I’ve been in the game long enough, with plenty of doors under my belt, to know that the real costs of owning rental properties go far beyond just the mortgage, taxes, and insurance.
I walk you through an eye-opening exercise I often do with sellers, showing how seemingly solid cash flow numbers can quickly disappear when you factor in maintenance, repairs, and other unexpected expenses. Think you’re cash flowing $800 a month? Well, what about that $20,000 roof replacement you did last year? When you break it down, your actual monthly profit could be a lot less.
This episode isn’t just about the numbers—it’s about being a wise landlord. I share insights from a mentor who taught me the importance of setting aside a portion of your “cash flow” into a maintenance fund, just like the big players do with multi-million-dollar apartment complexes. It’s a simple, yet powerful tip that can save you from negative cash flow and keep your investments on solid ground.
Whether you’re just starting out or already have a portfolio of properties, this episode will challenge you to rethink how you calculate cash flow and prepare for the inevitable expenses that come with rental properties. Tune in to learn why it pays to be conservative, and how surrounding yourself with the right people can help you make smarter decisions.
Catch the full episode for all the details—this is one you won’t want to miss!
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