06/10/2026
This week on Not Another 3 Putt, Tony Perri Jr. and Tony Mitidiero pull back the curtain on the rental property metrics that social media real estate influencers conveniently leave out of their spreadsheets.
Everyone loves posting screenshots of gross rent, cash flow projections, and "passive income" claims—but what happens when reality shows up?
Tony and Tony break down the hidden expenses that can turn a "cash-flowing" rental into a money pit, including:
• Vacancy allowances
• Maintenance and capital expenditure reserves
• Property management fees
• Leasing costs and turnover expenses
• Insurance and property tax increases
• The dangers of over-leverage
The guys also share their favorite shortcuts for spotting bad rental deals before wasting hours analyzing them, including why seller financing isn't always the silver bullet investors think it is—and when a seller's willingness to carry financing might actually be a warning sign.
If you've ever seen an Instagram reel promising financial freedom through rental properties and thought, "What am I missing?" this episode is for you.
Questions We Explore:
• Is a property really cash flowing if you aren't accounting for vacancy?
• What's a realistic maintenance reserve for a rental?
• When does self-management become a second job?
• Why do so many online deal analyses ignore CapEx?
• Could seller financing actually be a red flag?
• What's the fastest way to identify a bad investment property?
Before you buy your next rental, make sure you're looking at the numbers that actually matter.
