Real estate is often sold as “passive.” Buy a turnkey property, hire a property manager, and let the checks roll in.

That’s the story.
This episode is the reality.

In this episode of Before the Returns, I break down why real estate is rarely truly passive—and how believing that it is can quietly erode your returns without you realizing it. I share a real experience from an out-of-state turnkey rental where a single email from a property manager almost cost me months of cash flow… until one 15-minute phone call changed everything.

This isn’t an anti–turnkey episode. It’s a clarity episode.

We talk about:

• What “turnkey real estate” actually means (and what it doesn’t)
• How property managers are incentivized—and why that matters
• Why delegation doesn’t remove responsibility, it just hides it
• The difference between distance and control in investing
• Why “passive” can be one of the most dangerous words in real estate

If you’re investing—or thinking about investing—in rental properties, especially out of state, this episode will help you recalibrate expectations, protect your margins, and think like an owner instead of a spectator.

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⚖️ Disclaimer: This podcast is for educational purposes only. It is not financial, tax, or legal advice. Always consult with a qualified professional before making financial decisions.