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Are you tired of seeing others become millionaires with real estate while you sit there scared to even start? Terrie Schauer accidentally stumbled into property management at 19, and now she’s here to spill the tea on how she turned cleaning toilets into a multi-million dollar empire.
This isn’t “get-rich-quick advice”… We’re diving into the nitty-gritty of real estate investing with someone who started by managing a chaotic student co-op house (think overflowing garbage and drunk roommates) and built her way up to owning and managing thousands of units.
Sure, you might be thinking, “I can’t afford real estate”. Fair enough, but Terrie explains about how she got her first down payment from her dad (yeah, she admits it now) and why that’s totally okay. No shame in the family money game, folks.
But this isn’t just about buying properties. We’re talking real strategies for turning D-level properties into cash-flowing machines, why having zero tolerance property management practices matters, and how to avoid getting screwed by crooked property managers (spoiler: she learned that one the hard way).
The best part? Terrie’s breaking down why fear isn’t a stop sign, but a warning light on your dashboard. Whether you’re scared of taking on debt, dealing with tenants, or just don’t know where to start, she’s got practical, no-BS advice to get you moving.
Want more of Terrie’s straight-shooting wisdom? Find her here:
Facebook: https://www.facebook.com/TerrieSchauerInc
Website: https://terrieschauer.com/
YouTube: https://www.youtube.com/channel/UCypwckKtRq7x1u6GbVCEnYg Instagram: https://www.instagram.com/TerrieSchauer
LinkedIn: https://www.linkedin.com/in/terrieschauer/
TikTok: https://www.tiktok.com/@terrieschauer
As always we ask you to comment, DM, whatever it takes to have a conversation to help you take the next step in your journey, reach out on any platform!
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00:00 Introduction to No BS Wealth
00:43 Terry’s Accidental Start in Real Estate
02:49 Building a Property Management Empire
04:10 Basics of Real Estate Investing
07:13 Overcoming the Fear of Debt
10:28 Choosing the Right Investment Property
13:57 Managing Properties: DIY or Hire?
16:00 Modern Property Management in 2024
16:37 Identifying and Evaluating Properties
18:28 Business Models in Real Estate
20:40 The Concept of True Wealth
22:22 Challenges and Rewards of Being a Landlord
24:00 Growth and Mindfulness in Real Estate
27:39 Final Thoughts and Resources
30:04 Disclaimer and Legal Information
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