Childfree Life by Design

What No One Tells You About Rental Properties | Bri Conn CFP® & Justin Brown-Woods

Childfree Insights Episode 190

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0:00 | 38:05

Rental properties, passive income, and long-distance real estate investing sound great on social media. The reality looks a lot more like what Justin Brown-Woods actually lived -- two properties across Michigan and Ohio, squatters, stolen copper pipes, three evictions in one year, and a net loss of $25,000 on the first property alone. Bri Conn, CFP® sits down with Justin Brow-Woods, Accredited Financial Counselor® and co-founder of Price of Avocado Toast, for an honest look at what small investors need to know before they buy.

In This Episode, You'll Learn:

  • Why rental properties are rarely passive income, and how a single repair -- a sewer pipe, a roof, a set of stolen copper pipes -- can wipe out months of cash flow for a small investor with no cushion to absorb it
  • What inheriting tenants actually means, why the deal that looks great on paper can come with problems that no inspection uncovers, and how three evictions in one year became Justin's reality
  • Why out-of-state investing creates a specific set of risks around property management, oversight, and the gap between what you are paying for and what you are actually getting
  • How social media turns real estate investing into a fantasy product, and why the person with 99 properties and a beach vacation is not the same person as the small investor trying to build long-term wealth
  • Why having trusted people in your corner -- a real estate coach, a financial therapist, a straight-talking property manager -- made the difference between staying stuck and getting out with a plan

Episode Guest:

Justin Brown-Woods is an accredited financial counselor and co-founder of Price of Avocado Toast, a podcast and financial counseling service he runs with his wife Hailey. He helps people ditch shame, embrace mindful spending, and build a sustainable financial life aligned with their values, with a focus on progress over perfection.

Learn more about Justin on his website: priceofavocadotoast.com 

And on Instagram: https://instagram.com/priceofavocadotoast


Episode Host:

Bri Conn, CFP® is a CERTIFIED FINANCIAL PLANNER™, Childfree Wealth Specialist® at Childfree Wealth®, and Customer Experience Manager at Childfree Trust®.

About Childfree Insights:

Childfree Insights is a trusted resource for life planning without children. It explores financial planning, estate planning, relationships, and long-term decisions for adults building a future without kids. Home of Childfree Wealth® and Childfree Trust®.

Connect with Us:

Ready to work on building better financial habits? Connect with our financial planning team at childfreewealth.com or learn more about estate planning at childfreetrust.com.

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Disclaimer: This podcast is for educational & entertainment purposes. Please consult your advisor before implementing any ideas heard on this podcast.