Ep44: Keeping A Sharp Eye On Out of Control Expenses In Your Properties - Marco Kozlowski
Big Fat Real Estate Checks
Marco Kozlowski
5 • 957 Ratings
🗓️ 17 December 2020
⏱️ 19 minutes
🧾️ Download transcript
Summary
If you are on your direction to achieve financial success in your real estate business, it is best to keep a sharp eye on all of your costs such as utility bills and other unexpected charges to help you free up your cashflow.
Listen to this episode as Marco Kozlowski and his co-hosts, Frank Gallucio and Gabriel Araish, share their utility and meter reading horror stories in their properties and how they were able to deal with it. It is always worth the investment to obtain continuing savings both in the short and long term.
WHAT YOU’LL LEARN FROM THIS EPISODE
- How important is to keep an eye on utility costs and consumptions?
- How to prevent these out of control situations?
- Do you have to monitor these bills yourself?
- Can a management company assist you in monitoring these expenses?
- How essential is it to manage expenses and create comparison chart before and after purchase of the property?
- Double checking on the meter reading to avoid mistakes
- Dealing with tenants when these issues in bills arise
- Probable causes on utility issues
- Keeping track of people stealing powers
- Checking, observing, addressing any unusual spikes
- Talking to your management company to sort out and save utility bills and other expenses
RESOURCES FROM THIS EPISODE
Click here for the free quick start course "Get Deals By Tuesday" Masterclass.
CONNECT WITH US
- Email: [email protected]
- Website: https://marcokozlowski.com
- Facebook: https://www.facebook.com/realmarcokozlowski/
- Instagram: https://www.instagram.com/marco.kozlowski/
Transcript
Click on a timestamp to play from that location
| 0:00.0 | We're going to talk about really making sure that your utility expenses are under control because if you let those compound it really is going to chew into your bottom line. |
| 0:09.0 | Welcome to the big fat real estate checks podcast with Marco Kislowski where we help investors like |
| 0:16.2 | you get the knowledge and skills you need to replace your J-O-B with passive cash flow for life. |
| 0:23.0 | Hey everyone, welcome to a fun episode where we're going to talk about problems. |
| 0:29.0 | Lots and lots of problems. |
| 0:31.0 | Welcome to Big Fat Real Estate Checks. I am your host |
| 0:34.1 | Marco Kazlowski with my two compadres Frank Galuchio and Gabriel Araisia |
| 0:39.7 | respectively from Toronto and Montreal and I am Orlando Florida. |
| 0:44.1 | I hope you have listened to past episodes. |
| 0:46.9 | We're quickly climbing the charts in podcasts. |
| 0:49.4 | There's over one and a half million podcasts in the universe of podcasts and we're creeping close to top 2,500. |
| 0:57.1 | So I'm pretty excited about that. |
| 0:58.8 | And today we're going to be discussing the problems that could arise in making sure you're paying attention to bills and expenses. |
| 1:06.3 | In fact, Frank and I were just talking this morning and Gabriel of course on a bill that just popped up for |
| 1:11.5 | how much was it, what was it what's asset |
| 1:13.9 | class and what happened welcome everyone thank you no it was actually a mobile home |
| 1:18.0 | park and I just got a bill from the city yeah yeah and it was a 4,000 |
| 1:22.4 | whopping water bill. |
| 1:24.0 | We do have tennis there, but I don't think they consume $4,000 worth of water |
| 1:28.0 | unless they all ate something burritos |
| 1:30.0 | and they're, you know, they're going to lunch on that. |
| 1:32.0 | But, yeah, and this is the second time that it happened and again we try to be vigilant on the bills frequently |
... |
Transcript will be available on the free plan in -1561 days. Upgrade to see the full transcript now.
Disclaimer: The podcast and artwork embedded on this page are from Marco Kozlowski, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Marco Kozlowski and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.