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.
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- Email: firstname.lastname@example.org
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Veronica comes from a family of real estate investors. She is passionate about helping clients create wealth, build a legacy, and design a dream lifestyle through real estate.
What makes Veronica stand out from other realtors is her financial background. With an MBA in Finance from The Wharton School and a bachelor’s degree in Economics from Northwestern University, she does not run from the numbers. She spent over a decade running financial models to help her employers evaluate projects and products. This skill allows her to simplify the bottom line for a homeowner or forecast the return on investment for a developer.
Veronica is a licensed realtor in PA. Veronica helps her clients buy, sell, invest in real estate in the following neighborhoods in the Philadelphia metro area: Cedar Park, Chester, Cobbs Creek, Darby, Drexel Hill, Germantown, Kingsessing, Lansdowne, Marcus Hook, Overbrook, Overbrook Farms, Sharon Hill, University City, Yeadon, and Upper Darby. Her company also provides property management services for single-family homes and small apartment buildings in the area.