On this episode of the Todd Capital Millionaire Podcast we interview Mrs. Kendra Barnes. Kendra owns 8 rental units and is currently working to retire early using real estate.
Key points from the show:
Verify the rent roll to make sure that what the seller is saying they receive in rent is actually being received
Maintain cash reserves so you can remain solvent if there is a vacancy
Representation matters
When using AirBNB, be transparent and let the guests know what kind of neighborhood the rental is in, even if its in a sketchy area.
Don’t be afraid of buying in not so good areas
Books mentioned:
Rich Dad Poor Dad
Cashflow, the board game
Kendra can be found at:
www.thekeyresource.com
instagram.com/thekeyresource