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What you’ll learn in just 17 minutes from today’s episode:
- The ins and outs of residential rental investment
- Profiting from land lording the peaceful way
- How to treat your tenancy like it is a real business
Terrie Schauer is an investor, property manager and broker. She has worked in Real Estate for over 20 years. She’ s recently authored the book, Mindful Landlord, which looks at how to run rental property for profit and peace of mind For Terrie, investing in real estate is not just about the money, it’s about financial freedom as a way of life.
This is what inspires Terrie to manage properties for others, as well as to help other real estate investors to create more time and more freedom.
In this episode, learn Terri’s tactics and strategies that have created long-term profitability from real estate, spanning decades.
01:14 – Sharing about her life as an athlete and what particular sports she’s into
01:57 – Winning a pretty impressive title in athletics
02:44 – Her accidental foray into real estate
03:40 – Buy and Hold as Terry’s real estate strategy
04:19 – Talking about her forte, multi-residential property homes
05:32 – What her book is all about
07:54 – What is “nickel and diming”
09:50 – Her thoughts on “giving them an inch and they are taking a mile”
“The book is marrying a little bit of my own mindset journey with some of the nuts and bolts stuff that you need to succeed in investing. As time goes on, I have observed my way of doing business changing and also seeing some mistakes and pitfalls that the investors that I managed properties for run into.” – Terrie Schauer
“I’m a big believer in personal responsibility and I always try to make my tenants sort of as responsible as possible. And that even happens in the way I communicate with them.”– Terrie Schauer
“Treat your tenancy like your management as if it’s a business.If you only have one condo, it’s not like the tenant needs to know that, right? Like you can say it’s our policy to do this.” – Terrie Schauer
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