In this episode, Jessilyn and Brian Persson break down the often-overlooked expenses of property ownership that can make or break your investment success. From mortgage and closing costs to property taxes, insurance, and maintenance, they explain why budgeting beyond the purchase price is essential. They share real-life stories of costly surprises—like a $50,000 foundation repair—and highlight the importance of thorough inspections, realistic rental projections, and effective property management.

The Perssons also discuss strategies for maximizing profitability, including setting rent based on market conditions, planning for vacancy costs, and accounting for property management fees—even if you self-manage. They emphasize that underestimating these expenses can lead to financial strain, but with proper planning, real estate can be a p ...