Property Management Masterclass: The 3 Major Mistakes You’re Making with your Rentals | Ep 112

The BetterLife Podcast: Wealth | Real Estate Investing | Life

Brandon Turner & Cam Cathcart

House Flipping, Multifamily, Real Estate, Wealth, Investing, Business, Real Estate Investing, Self-development, Entrepreneurship, Rental Properties, Health

4.8 • 767 Ratings

🗓️ 10 January 2025

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

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🧔‍♂️ WHO AM I?

Our names are Brandon Turner and Cam Cathcart! We teach people how to BUILD WEALTH WITHOUT LOSING THEIR SOUL through real estate investing!

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🎥 DESCRIPTION

In this episode, I’m sharing the systems, strategies, and mindset that helped me grow from managing a single rental property to overseeing 13,000 units across the country.

Whether you’re a new landlord figuring out how to handle tenants or an experienced investor trying to scale without losing your sanity, I’ll break down the key systems and habits that made all the difference in my journey.

You’ll Learn:

The two keys to being a successful landlord: Fairness and Firmness
Why systems are the secret to stress-free scaling
The biggest mistakes landlords make (and how to avoid them)
How to treat tenants like valued customers to build strong relationships
My hard-earned lessons from over 20 years in real estate
And so much more!

❌ DISCLAIMER

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Transcript

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0:00.0	I believe by being firm, you are being kind.
0:03.8	For example, a tenant doesn't pay rent and you're like, yeah, it's fine, you know whatever.
0:07.9	Catch up next month.
0:08.9	Okay, so then next month they don't pay rent or they pay part of it.
0:11.3	You're like, hey, it's fine.
0:12.0	I just want to be kind.
0:13.2	I want to be nice.
0:14.4	Catch up next month.
0:15.4	Well, what happens?
0:16.3	You're training them to be irresponsible with their money and therefore not pay you and eventually get so much they can never get out of that debt.
0:22.3	And now you have to evict them and they've got an eviction on the record.
0:24.8	And it's your fault or my fault if I'm the landlord because I treated them nice, not firm.
0:31.1	This is the Better Life podcast where we talk about real estate investing, building wealth,
0:35.1	and all in all living a better life.
0:37.1	My name is Brandon Turner and I've spent my life investing in real estate investing, building wealth, and all in all living a better life. My name is
0:37.6	Brandon Turner, and I've spent my life investing in real estate to achieve financial freedom.
0:42.3	And alongside my co-host, Mr. Cam Cathcart, we want to help you do the same. On the show,
0:46.8	you're going to hear from world-class guests who have been handpicked to help you level up
0:50.2	your investing, your leadership, your goals, your habits, and more to become the very best version of yourself. So join us as we explore the habits, the actions, the beliefs that it
0:59.4	takes to build wealth through real estate investing without losing your soul. Hey, what's up, everybody? It's Brandon Turner. So today's episode's a little different.
1:18.8	A lot of times we interview, obviously, like, guests and amazing people and super cool,
1:23.1	conversations take place with amazing people. But today, I'm going to let you listen to somebody who's not so
	...

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