[BACKFLIP] Struggling with property data and financing? Discover Backflip—the all-in-one platform that instantly analyzes properties, pulls high-quality comps, and provides fast evaluations. Plus, apply for loans directly through the app and get help choosing the right investment strategy. Transform your real estate investing today! Click HERE to download the Backflip app.

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!

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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

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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

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RESOURCES:

[BACKFLIP] Struggling with property data and financing? Discover Backflip—the all-in-one platform that instantly analyzes properties, pulls high-quality comps, and provides fast evaluations. Plus, apply for loans directly through the app and get help choosing the right investment strategy. Transform your real estate investing today! Click HERE to download the Backflip app.

[OILI EXPERIENCE] Use code PODCAST10 to get 10% off your ticket to the Owning It and Living It Experience, November 1-3 in Atlanta, Georgia! Don’t miss out on learning from top industry experts like Henry Washington, Kendra Barnes, Jackie and Preston Perry, Lecrae Moore, and more. Plus, I'm giving away a fully renovated house—this year only! No virtual tickets—be in the room to level up your real estate game and immerse yourself in a unique blend of culture and knowledge. Click HERE to get your ticket.

[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.

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Erika Brown

IG: @erikabrowninvestor

LinkedIn: @erika brown

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Wealth Within Reach is produced by EPYC Media Network