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24: Keep or Sell? 7 Proven Steps You Should Take to Make the Right Call on Your Property
If you’ve bought property in the last few years, you’ve likely seen property values soar—but you’re also dealing with higher costs for labor, materials, and landlord expenses. It’s a tough spot to be in, and I get it. That’s why I’m sharing seven (7) essential steps to help you make the best decision for your situation.
We’ll dive into financial analysis, how to align your investment strategy with your personal goals, and what you really need to consider before making any moves.
If you're feeling uncertain about your next step, this episode will give you practical advice and help you feel more confident in managing your rental properties. Let's navigate this tricky market together!
KEY POINTS:
- The increase in properties after COVID-19
- Common financial challenges faced by landlords
- 1: Have a complete financial analysis of your property
- 2: The importance of enhancing your operations
- 3: The value of delegating and hiring experts
- 4: On re-examining quarterly financial reviews
- 5: On investing in preventive maintenance
- 6: The importance of having client permits
- 7: Identify what your current needs
QUOTES:
“The property should be working for you, not the other way around. If you're in this situation, and this could let you know this is an indication that something needs to change.” – Erika Brown
“We invest in real estate, not to just own buildings, not to say that we have three doors [or] four doors. We invest in real estate so that we're able to make money [and] have additional time. Time freedom – that is the ultimate goal.” – Erika Brown
RESOURCES:
Did you miss The Owning It & Living It Experience 2024?? The OILI Experience is coming back in 2025!!! 🎟️ Don’t miss out! Join the waitlist now to be the first to know when the tickets drop- and snag an exclusive early bird discount.
https://erikab.kit.com/0e77490fcc
[FREE CONSULTATION] Looking to buy, sell, or invest in real estate in Atlanta? My team of expert, investor-friendly agents is here to help! Book a free 15-minute consultation with one of my agents today, and let’s figure out your next move together.
[FB GROUP] Loving the podcast and want to connect with me and our incredible guests? Join the Owning It and Living It Facebook group! It’s your go-to spot for real estate tips, advice, and a supportive community of investors just like you. Join us today and let's take your real estate journey to the next level.
Erika Brown
IG: @erikabrowninvestor
LinkedIn: @erika brown
Wealth Within Reach is produced by EPYC Media Network
View all episodes
By Erika BrownIf you’ve bought property in the last few years, you’ve likely seen property values soar—but you’re also dealing with higher costs for labor, materials, and landlord expenses. It’s a tough spot to be in, and I get it. That’s why I’m sharing seven (7) essential steps to help you make the best decision for your situation.
We’ll dive into financial analysis, how to align your investment strategy with your personal goals, and what you really need to consider before making any moves.
If you're feeling uncertain about your next step, this episode will give you practical advice and help you feel more confident in managing your rental properties. Let's navigate this tricky market together!
KEY POINTS:
- The increase in properties after COVID-19
- Common financial challenges faced by landlords
- 1: Have a complete financial analysis of your property
- 2: The importance of enhancing your operations
- 3: The value of delegating and hiring experts
- 4: On re-examining quarterly financial reviews
- 5: On investing in preventive maintenance
- 6: The importance of having client permits
- 7: Identify what your current needs
QUOTES:
“The property should be working for you, not the other way around. If you're in this situation, and this could let you know this is an indication that something needs to change.” – Erika Brown
“We invest in real estate, not to just own buildings, not to say that we have three doors [or] four doors. We invest in real estate so that we're able to make money [and] have additional time. Time freedom – that is the ultimate goal.” – Erika Brown
RESOURCES:
Did you miss The Owning It & Living It Experience 2024?? The OILI Experience is coming back in 2025!!! 🎟️ Don’t miss out! Join the waitlist now to be the first to know when the tickets drop- and snag an exclusive early bird discount.
https://erikab.kit.com/0e77490fcc
[FREE CONSULTATION] Looking to buy, sell, or invest in real estate in Atlanta? My team of expert, investor-friendly agents is here to help! Book a free 15-minute consultation with one of my agents today, and let’s figure out your next move together.
[FB GROUP] Loving the podcast and want to connect with me and our incredible guests? Join the Owning It and Living It Facebook group! It’s your go-to spot for real estate tips, advice, and a supportive community of investors just like you. Join us today and let's take your real estate journey to the next level.
Erika Brown
IG: @erikabrowninvestor
LinkedIn: @erika brown
Wealth Within Reach is produced by EPYC Media Network