Rental Income Podcast With Dan Lane

Chris shares his strategy to own 15 properties free and clear. We talk about how he's paying them off, and why he wants to pay them off quickly vs owning them with mortgages.

Chris also shares how he bought his first property with no money, and his second with a small down payment.

We also talk about mistakes he's made with tenant screening, and why he likes regular rentals better than Airbnb.

Direct download: Rental240.mp3
Category:Business -- posted at: 3:00am EST

Eric has bought multiple rentals in other parts of the country, without seeing them in person. On this episode, we talk about how he researched good areas to invest in, found the best neighborhoods, and found properties to invest in.

We also talk about how he manages the rentals without physically being in the same city.

Direct download: Rental239ej.mp3
Category:Business -- posted at: 3:00am EST

Corey shares her slow and steady plan to buy rentals on this episode.

She talks about how she has bought houses to live in, and as she outgrew the houses she would rent them out, and buy a new house to live in.

We also talk about her numbers, the mistakes that she has made along the way, and how she has paid off a mortgage with just a little bit of discipline.

Direct download: Rental238.mp3
Category:Business -- posted at: 3:00am EST

Leon read a lot of books and followed the advice of a lot of the big real estate gurus. Their advice worked until the market crashed in 2008. After the market crash, he lost several properties and ended up declaring bankruptcy.

The good thing that came out of that experience is that he learned how to protect his portfolio and his rental income from the next recession. On this episode, we talk about how Leon has built a bulletproof rental portfolio.

Direct download: Rental239b.mp3
Category:Business -- posted at: 3:00am EST

Caeli shares details on the lending options to buy a rental property, and what you need to do to qualify for a loan.

For more information, contact Caeli:

ridgelendinggroup.com
855-74-RIDGE (855-747-4343)
info@ridgelendinggroup.com

Direct download: Bonus11-19.mp3
Category:Business -- posted at: 12:12pm EST

Grayson and Danielle are able to live for free because the rent from the three tenants in their 4-plex more than covers the mortgage.

They also own another 4-plex and a single-family home that generates enough income that Danielle was able to leave her job.


On this episode, we talk about the creative way that they found their properties, how they financed them, and how they generated some quick cash for a down payment.

Direct download: rental236b.mp3
Category:Business -- posted at: 3:00am EST

Darren shares exactly how he has built his portfolio using the BRRRR strategy. He shares the steps that he took to line up the financing to build his portfolio

He also tells us the two things that you want to make sure you spend money on when you are fixing up a property, and he does not spend money on.

We talk about what he is looking for in a potential deal, and how he finds them.

Direct download: Rental235b.mp3
Category:Business -- posted at: 3:00am EST

Jennifer was staying at home with her daughter and didn't want to go back to work. She figured out that if she could buy rental properties that generated passive income, she could earn enough money without having to work full-time.

On this episode, we talk about how she has automated her business to the point where it doesn't require too much of her time.

Direct download: Rental234.mp3
Category:Business -- posted at: 3:00am EST

Kevin shares some inexpensive things that he does with his rentals to get higer rent. He also shares what he did to tenant proof his rentals to reduce his maintenance and turnover costs, and some of the ways that he has outsourced the management of his rentals without hiring a property manager.

Direct download: Rental233.mp3
Category:Business -- posted at: 3:00am EST

There are lots of little things that investors can do to make their rental properties more profitable. Mike is an investor and a property manager, and on this episode he shares several tips to make your rentals more profitable.

Direct download: Rental232.mp3
Category:Business -- posted at: 3:00am EST

Rennie was broke and had no retirement plan at 50. He found a partner and started buying rentals with the hope of generating some money so that he could retire someday. His plan worked and today he is lives off his rental income. On this episode we talk about how he did it.

Direct download: Rental231nn.mp3
Category:Business -- posted at: 3:00am EST

On this episode we talk about the types of properties Randy has found make the best rentals, and what he is currently looking to buy.

In all the years Randy has been investing, and after renting to thousands of tenants, he's never had to evict a tenant. We talk about his secret to only having good tenants.

We also talk about how he screened and how he manages his property managers.

He also offers advice on how you can survive and grow during the next recession.

Direct download: Rental230nn.mp3
Category:Business -- posted at: 3:00am EST

It can be tough to make money renting condos because the condo fees usually eat away the profit. But, my guest today has figured out how to make money renting condos. He has built his porfolio only buying condos. On this episode he shares how he profits $7,000 a year on average on each condo he rents out.

Direct download: Rentlal229.mp3
Category:Business -- posted at: 3:00am EST

Rob owns some rentals that on paper should have made him a really good return. But, they haven't performed as he had hoped. He's just broken even on them.

He has another group of rentals that shold have made an average return on paper, but they have ended up made him a millionaire.

On this episode, we talk about what went wrong with the first portfolio, and why things work out so great on the second portfolio.

Direct download: Rental228.mp3
Category:Business -- posted at: 3:00am EST

Brad talks about his strategy of buying rentals, keeping them for 5 years, and then selling them for a profit. We also go over his system that makes it really easy for him to manage his rentals while working full-time.

Direct download: Rental227.mp3
Category:Business -- posted at: 3:00am EST

Marlon shares how he got started investing a year ago, and now makes about $2,300 a month in rental income. We talk about how saved the money to get started. We also talk about how he manages his rentals, while working a full-time job.

Direct download: Rental226NE.mp3
Category:Business -- posted at: 3:00am EST

Kayla shares where she looks for off-market deals, how she markets to them, and what she says to them to convince them to see their property to her. She also shares how she is able to finance properties at 0% interest.

Direct download: Rental225.mp3
Category:Business -- posted at: 3:00am EST

Steve shares his get rich slow plan that enabled him to quit his corporate job and live off rental income. We talk about how he got started, and how he slowly built his rental portfolio by buying rental properties with cash. We talk about how he is generating big chunks of cash that enable him to continue to buy more rental properties.

Direct download: Rental224.mp3
Category:Business -- posted at: 3:00am EST

Mike didn't know a lot about rentals or even have a clear plan on how he would one day be able to quit his job and live on his rental income. On this episode, we talk about how he figured out how to buy rentals with no money and eventually build a rental portfolio of over 70 rentals.

Direct download: rental223c.mp3
Category:Business -- posted at: 3:00am EST

Kirby has been working on building his rental portfolio over the last few years. Recently he decided to sell all of his properties, and start over again in a different area. On this episode, we talk about why he decided to do this, and how he is selling his rentals.

We also talk about the first property he bought as part of his new rental portfolio.

Direct download: Rental222.mp3
Category:Business -- posted at: 3:00am EST

Our guest tells her nightmare story of buying a property from a turn key company. The company promised that she was buying a newly rehabbed property with a tenant in place. In reality, the property was not rehabbed and there was no tenant.

On this episode, we talk about what happened, and how you can avoid making the same mistakes.

Direct download: Rental221tk.mp3
Category:Business -- posted at: 3:00am EST

Nathan talks about how he got started buying real estate to live in with a low down payment.

After a few years, he bought a new house and turned his old house into a rental. He did this a few times. 

After the real estate market crashed in 2008, he saw a lot of opportunities and started buying properties as rentals.

We also talk about single-family houses vs duplexes. Nathan has always bought single-family, but his most recent purchase was a duplex. We talk about why he decided to buy a duplex and the process of purchasing the property.

Direct download: Rental220.mp3
Category:Business -- posted at: 3:00am EST

Kamren shares how he bought a lot without a plan on how he was going to make money with it. A few months later bought a mobile home and started rented it out. Things worked out, and he did 2 more transactions in the last year. On this episode, we talk about how he's financing his purchases, how much he makes off each rental, and figure out if there is a downside of investing in mobile homes.

Direct download: Rental219.mp3
Category:Business -- posted at: 3:00am EST

Rich talks about how bought too many rentals when he got started in real estate. His rentals were costing him more than he expected. He had too many repairs, and issues with tenants not paying. He figured out that half his rentals were causing the majority of his problems. He decided to sell off half of his portfolio. Today he has a much smaller portfolio that is easier to manage and way more profitable. Today, his smaller portfolio generates enough cash flow to support him and his family.

Direct download: Rental218.mp3
Category:Business -- posted at: 3:00am EST

CJ talks about how he got started buying college rentals with a partner. We talk about how his partnership is set up, and the roles of each partner. We go over the numbers for his deals and figure out if college rentals are more profitable than renting to traditional tenants. We also talk about the challenges with the management of students, and some of the lessons that he has learned.

Direct download: Rental217CJ.mp3
Category:Business -- posted at: 3:00am EST

Mike shares his incredible journey from waiting tables and knowing nothing about real estate to owning 60 properties without mortgages.

He tells us how he was able to pay off all his rentals in shorter than 30 years, and his secret to managing his portfolio with very little effort.

Direct download: Rental216mccann.mp3
Category:Business -- posted at: 3:00am EST

I talk to two different guests, from two different parts of the country, that are saving for retirement by buying rental properties. We talk about what they are looking for in an investment, and how they are financing the properties. We also talk about their strategies to eventually support themselves with rental income.

Direct download: Rental215-3.mp3
Category:Business -- posted at: 3:00am EST

Caeli shares a new creative financing loan program that she has to finance rental properties. We talk about how this program can save investors thousands of dollars in interest, and how investors can use this loan to help them buy more properties.

Direct download: Rental214.mp3
Category:Business -- posted at: 3:00am EST

Peter had a bad accident that cut his career short. He had to figure out another way to generate an income to support his family. He figured out that if he could buy enough rentals, he could cover all of his monthly expenses. On this episode, we talk about exactly how he did it.

Direct download: Rental213.mp3
Category:Business -- posted at: 3:00am EST

Ryan talks about how he makes 2X the rent by renting his properties by the room. We also talk about how he self-manages his rentals from over 1,000 miles away. We talk about how he shows properties when he can't personally be there, how he deals with repairs, how he matches tenants to make sure that everyone in his rentals will get along.

Direct download: Rental212.mp3
Category:Business -- posted at: 3:00am EST

Peter talks about how buying two rental properties changed the trajectory of his life. He talks about how the equity in those properties helped him buy his personal house, plus helped him fund additional rental purchases.

Direct download: Rental211b.mp3
Category:Business -- posted at: 3:00am EST

Tim and Crystal buy high-end luxury homes. On paper, these properties may not look like they are going to be profitable. But, they have turned out to be great investments. On this episode, Tim and Crystal share their experience with high-end rentals and how they made $1 million in 2017 alone.

Direct download: Rental210.mp3
Category:Business -- posted at: 3:00am EST

Alex talks about how he is finding rentals the same way that people have been buying rentals for hundreds of years. He isn't doing anything fancy, or risky. His strategy is really simple, and a strategy that a lot of people can easily follow, to build their own rental portfolio.

Direct download: Rental209.mp3
Category:Business -- posted at: 3:30am EST

We talk to two different investors to figure out how to have a successful rental property partnership. First, we talk to a husband and wife team that tried buying rentals with a partner. Things didn't work out and they ended up having to end the partnership. Next, we talk to an investor that has successfully purchased rentals with a partner. We figure out what he did differently in his partnership to make it successful.

Direct download: Rental208-2.mp3
Category:Business -- posted at: 3:00am EST

Steve bought a 3 Unit building that he rents, while he lives in someone else's rental.

On this episode, we talk about why he does this, how he gets guaranteed rent from one unit, that covers the mortgage, and how he manages the property while working full-time.

Direct download: Rental207.mp3
Category:Business -- posted at: 3:00am EST

Caeli shares how she started investing in properties that lost a little money every month - but had a huge potential to appreciate in value. The properties did appreciate and she was making good money, until the real estate market crashed in '08/'09. After the crash, she lost a lot of properties and learned how important it was to make sure every rental cash flows. On this episode, we talk about how she survived the market downturn and what she is doing differently with her rentals today.

Direct download: Rental206b.mp3
Category:Business -- posted at: 3:00am EST

Anton is working on a plan to retire early with real estate. He has a full-time job and also generates $100K a year passively from his rentals. On this episode, we talk about how he got to where he is today, where he is headed, and talk about the numbers on one of his recent deals.

Direct download: Rental205.mp3
Category:Business -- posted at: 3:00am EST

We talk to two landlords to get their take on if it makes sense to buy a rental property in a retirement account. First, we talk to Cory Binsfield about why he thinks it's a bad idea. He talks about what he sees as the disadvantages of buying a rental in an IRA. Next, we talk to Joe Facenda about why he thinks it's a great idea. Joe has bought 5 properties in his IRA, and it has worked out great. On this episode, we put the info out there, to help you decide what's right for you.

Direct download: Rental204B.mp3
Category:Business -- posted at: 3:00am EST

Nick wanted to invest in rentals, but he didn't have any money, credit, or real estate knowledge. He figured things out and bought his first property. Unfortunately, things didn't work out with that first property and Nick lost money. He stuck with it and kept learning. Eventually, he found the money and built the credit. Today he owns several cash flowing rentals. On this episode, we find out how he did it.

Direct download: Rental203B.mp3
Category:Business -- posted at: 3:23am EST

This episode is an interesting look at a rental property purchase from start to finish.

We talk about what Andrew was looking for in a rental, how he found it, and how he estimated the rehab expenses before he made an offer.

We talk about how he resolved a big issue that he discovered during the inspection period.

We then compare his rehab estimates to the actual cost of the rehab.

Finally, we talk about how the rental has actually performed compared to his estimates.

Direct download: Rental202G.mp3
Category:Business -- posted at: 3:00am EST

Jason shares how he built his rental portfolio the old fashioned way by saving for down payments. He slowly bought properties as he had enough for down payments. Eventually, he had enough rental income to replace his W2 income.

Direct download: Rental201.mp3
Category:Business -- posted at: 3:00am EST

On this episode, we talk about why we recently sold two rental houses. We also talk about how we have been finding other properties to add to our portfolio and talk about a few of the rentals that we have recently purchased.

Direct download: Rental200.mp3
Category:Business -- posted at: 3:00am EST

Marc shares how he started building his rental portfolio after reading Rich Dad, Poor Dad. He was buying a new property about every 10 months and realized that it was going to take him forever to get where he wanted to go. He eventually left his job to work full-time as a Realtor, and today his rental portfolio could support about 50% of his monthly expenses. On this episode, we talk about managing his portfolio, how he find deals, and how he started working with partners as he started running out of his own money.

Direct download: Rental199B.mp3
Category:Business -- posted at: 3:00am EST

Brandon shares how he was able to leave his job after buying 2 single family houses. We talk about why he decided to rent out the houses by the room vs renting the house to one tenant. We also talk about how he financed the rentals, how long it takes to manage them, and how he budgets for repairs and capex.

Direct download: Rental198B.mp3
Category:Business -- posted at: 3:00am EST

Jay's first deal was going to be a live-in flip that didn't work out. He ended up turning it into a rental and lost money on it every month. A lot of people might have given up at that point. But, Jay stuck with it. He learned about cash flow and today owns a portfolio of cash flowing rentals.

Direct download: Rental197N.mp3
Category:Business -- posted at: 3:00am EST

A listener recently sent me an email saying that he reached financial freedom with 10 rentals. He wanted to know why people build really large portfolios when they probably don't really need to. On this episode, we talk to a landlord that has over 100 rentals to ask him why he built such a large portfolio.

Direct download: Rental196.mp3
Category:Business -- posted at: 3:00am EST

Scott built a rental portfolio of college rentals shortly after he graduated from college. The portfolio was working out great, and providing lots of cash flow. Scott ended up getting divorced and losing his entire portfolio. On this episode, we talk about how he built his first portfolio, and how he ended up building a better portfolio the second time around.

Direct download: Rental195np.mp3
Category:Business -- posted at: 3:00am EST

We talk to Rich about a recent deal that he worked out where he ended up getting a rental property for free. Rich has very little turnover with his portfolio. We talk about what he is doing to get his tenants to stay for long periods of time. Rich also talks about a few recent deals he has done that don't meet the 1% rule, but are still profitable.

Direct download: Rental194.mp3
Category:Business -- posted at: 3:00am EST

Jo shares how she got started in real estate by doing live-in flips and keeping houses to rent when she moved. Recently she has bought two properties using 20% down payments. Saving the money for down payments can be a challenge for a lot of people. On this episode, we talk about her simple strategy for saving for down payments. We also talk about how much she sets aside for repairs on her rentals.

Direct download: Rental193.mp3
Category:Business -- posted at: 3:00am EST

Alina and Joe tell their story of renting out beds on a short-term basis to travelers. They have 30 beds available between two single-family houses. They even trade out the management to longer-term travelers that they let stay for free in exchange for managing the rentals.

Direct download: Rental192.mp3
Category:Business -- posted at: 3:00am EST

Jeff shares how he got started owning rental properties, and 3 tools that he uses to make the management of his rentals easy.

Direct download: Rental191JC.mp3
Category:Business -- posted at: 3:00am EST

Tiffany bought her first property when she was still in college and rented out rooms to other students. After she graduated she bought a few more properties and has continued to rent the properties out by the room. On this episode, Tiffany shares her experience owning college rentals, and tips to manage the tenants.

Direct download: Rental190-2.mp3
Category:Business -- posted at: 3:00am EST

Matt shares how he started out investing with a house hack. As he started buying more rentals he self-managed. Eventually, he needed help and instead of hiring a property manager, he hired part-time people to help him. Recently, he turned over the day to day management of his rentals over to a property manager. This episode is an interesting look into what Matt was thinking as he grew his portfolio.

Direct download: Rental189-MF.mp3
Category:Business -- posted at: 3:00am EST

Brian read books and thought about buying rentals for 15 years. He was a follower of Dave Ramsey and thought that he needed to save a large sum of money to buy a rental. After he listened to the Rental Income Podcast, he heard a previous episode, where a guest bought a rental with a small down payment. After hearing that episode he thought that might be a better way to get started. On this episode, we talk about exactly what he did.

Direct download: Rental188_NR.mp3
Category:Business -- posted at: 3:00am EST

Will and Veronica share how they started buying rentals knowing nothing about how to do it. Over the last few years, they have figured it out, and have managed to buy 11 rentals. On this episode, we talk about how they did it, and how they have set up systems to make the management of the rentals easy.

Direct download: Rental187-NR.mp3
Category:Business -- posted at: 3:00am EST

We talk about how Jim started with just a little bit of money and bought a 4 unit building. The rent from 3 of the units covered the mortgage, and he lived for free. He then did the same thing with a second building. Today the cash flow from his 8 tenants pays his mortgage at the house he lives in (without tenants). On this episode, we go over the numbers and talk about some of the challenges that he's had along the way.

Direct download: Rental186JM.mp3
Category:Business -- posted at: 3:00am EST

Joel talks about how he started by house hacking 5 times and eventually built a rental portfolio that produces $200K in rental income. We talk about how he had to manage his portfolio differently as his portfolio grew. We also talk about the online tools that he uses to manage his portfolio.

Direct download: Rental185Joel.mp3
Category:Business -- posted at: 3:00am EST

Luis shares how he started with nothing and built a portfolio that pays him 6 figures a year. We talk about how he invests in a different town that he lives in. We also talk about how he finds deals, manages rehabs and manages his rentals.

Direct download: luis_q_edits_revised_nr_FINAL2.mp3
Category:Business -- posted at: 3:00am EST

Andrew talks about how he uses debt to buy rentals, but he's not comfortable having a lot of debt. He talks about his strategy to get his rentals paid off quickly. We also talk about how he was able to leave his job because of his rental income. Andrew talks about why he loves Section 8 rentals.

Direct download: Rental183-NR.mp3
Category:Business -- posted at: 3:00am EST

Brian became a landlord because of a flip that went bad. He made some mistakes as a new landlord at first, but he figured things out and saw the value in owning rentals. Over the next few years, he ended up buying more properties. One day something changed and he sold his entire portfolio. On this episode, we talk about why he bought and why he sold, as well as what he learned during his time as an investor.

Direct download: Rental182-NRF.mp3
Category:Business -- posted at: 3:00am EST

John talks about how he wanted to invest in real estate but he didn't like the idea of taking out mortgages. He had saved money over the years and has paid cash for his entire portfolio. Today his rentals take a few hours a month to manage and they generate $60,000 a year after all expenses.

Direct download: Rental181B.mp3
Category:Business -- posted at: 3:00am EST

Justin talks about how did all the right things with buying his rentals but had a few bad things happen to him in his first two years. He had to evict his first tenant and his second tenant flooded his property. On this episode, we talk about what happened, and what he learned.

Direct download: Rental180C.mp3
Category:Business -- posted at: 3:00am EST

Pete had always thought about buying rental properties, but real estate prices were too expensive where he lived. A few years ago his sons moved to Indianapolis. He went to visit and saw the potential that he could buy properties pretty inexpensively and rent them out for a profit. On this episode, we talk about how he did it, what he's looking for in a rental, the numbers he's looking for in a rental, and how things have worked out over the last few years.

Direct download: Rental179.mp3
Category:Business -- posted at: 3:00am EST

Ben shares his story of how he has gotten off to a great start building his rental portfolio. He shares how he got started living for free with a house hack, and what he learned from getting ripped off by contractors on his second deal.

5 Steps To Buy Your First Rental:

http://www.landlordgift.com

Direct download: Rental178.mp3
Category:Business -- posted at: 3:00am EST

I read an article that Fannie and Freddie were getting out of making loans on rental properties. On this bonus episode I talk to Caeli Ridge to find out what is going on.

Direct download: Bonus_Mortgage_Update.mp3
Category:Business -- posted at: 6:13pm EST

Ian talks about how he built a large portfolio in just 3 years. It hasn't been all smooth sailing. We talk about the challenges he has faced, and how he survived.

5 Steps To Buy Your First Rental

http://www.landlordgift.com

Direct download: Rental177.mp3
Category:Business -- posted at: 3:00am EST

Andrew researched and thought about buying rentals for 12 years. After getting laid off from his job he realized that only having one source of income was dangerous, and decided that he was finally ready to pull the trigger and buy a 6 unit apartment building. On this episode we talk about how he found the property, how he financed it, and how he has dealt with some challenges that he has faced in the last year of owning the property.

 

 

5 Steps To Buy Your First Rental:

http://www.landlordgift.com

Direct download: Rental176.mp3
Category:Business -- posted at: 3:00am EST

We talk about how Cristhian wasn't able to get approved for mortgages when he first started investing in rentals, and how he was able to get the sellers to finance his purchases. We talk about who is a good candidate for seller financing, and talk about the details of his first deal. We also talk about Cristhian's criteria when he is selecting a tenant, and go over the details of a recent tenant that stopped paying after 6 months. We figure out if there was anything in the tenants background that could have been a red flag.

 

5 Steps To Buy Your First Rental:

http://www.landlordgift.com

Direct download: Rental175.mp3
Category:Business -- posted at: 3:00am EST

Theo tells his story of how an ad for a real estate seminar sparked his interest in rentals. That seminar led to him buying a house hack. By not having to pay rent, Theo was able to save money and that money enabled him to buy more rentals.

 

Learn How To Buy Your First Rental:

5 Steps To Buy Your First Rental

Direct download: Rental174.mp3
Category:Business -- posted at: 3:00am EST

Ian is a fireman and a few years ago the city that he works for was talking about getting rid of their pension plan. Ian took matters into his own hands to secure his future and started buying rentals that could be his own personal pension plan. On this episode we talk about how he works full-time and self manages a large rental portfolio. Why he makes his rentals nicer than the competing rentals in his neighborhoods, and what he takes out of his properties.

 

Learn How To Buy Your First Rental:

5 Steps To Buy Your First Rental

Direct download: Rental173.mp3
Category:Business -- posted at: 3:00am EST

Jason bought 7 rentals over the last 18 months. He did everything right with purchasing the properties, but he had a ton of repair issues happen in a short period of time. On this episode we talk about what happened and how he dealt with the issues.

 

Learn How To Buy Your First Rental:

5 Steps To Buy Your First Rental

Direct download: Rental172.mp3
Category:Business -- posted at: 3:00am EST

Mike tells his story of how he graduated with $200,000 in student loans. He couldn't afford the monthly payments, so he bought rentals that produce monthly cash flow that he uses to pay his payments.

 

Learn How To Buy Your First Rental:

5 Steps To Buy Your First Rental

Direct download: Rental171.mp3
Category:Business -- posted at: 3:00am EST

Austin started building his rental portfolio shortly after graduating from college. He didn't have a lot of cash for down payments, so he got creative and figured out how to use other people's money to build his portfolio. On this episode Austin talks about some of the strategies he has used.

 

 

Learn How To Buy Your First Rental:

5 Steps To Buy Your First Rental

Direct download: Rental170.mp3
Category:Business -- posted at: 3:00am EST

Cory tells his story of how he started his career with $500,000 in debt. He started buying rentals while working full-time, and over time built up enough passive income to retire.

Direct download: Rental169.mp3
Category:Business -- posted at: 3:00am EST

Jason tells his story of how he got stuck with a house that he was trying to flip. He decided to rent it out on VRBO. Things were going good, until he found out the city he was in didn't allow short term rentals, and shut him down. He then turned it into a regular rentals and made several key mistakes that ended up costing him thousands of dollars. We talk about the mistakes he made, and what he would do differently if he was in that situation again.

Direct download: Rental164.mp3
Category:Business -- posted at: 3:00am EST

Rick owns a property management company and also personally owns 19 rentals. On this episode we talk about what Rick has learned from managing his rentals as well as working with other rental owners.

Direct download: Rental167.mp3
Category:Business -- posted at: 3:00am EST

Chris lives in an expensive market and wanted to buy cash flowing markets. The numbers didn't work on any of the properties near his home, so he started looking at other markets an hour or two from where he lives. On this episode, we talk about how he found and financed his properties, how he self-manages them while working a full-time job, and about how he has dealt with tenant issues.

Direct download: Rental166chris.mp3
Category:Business -- posted at: 3:00am EST

Jerry just closed on his first deal and on this episode we walk through exactly how he got started. We talk how he researched getting started, how he found his first deal, what he needed to do to get it ready, and how he found his first tenants.

Direct download: Rental165Jerry.mp3
Category:Business -- posted at: 3:00am EST

Will talks about how he has been buying properties with just a little money out of his pocket, fixing them up, and then doing a refinance into a commercial loan. We talk about a mistake he made early on that cost him $7,000. We also talk about how he built a relationship with a bank that will allow him to continue to build his portfolio.

Direct download: Rental164Will.mp3
Category:Business -- posted at: 3:00am EST

My guest found an incredible deal on a rental. It was a great price, and it great shape. But, Margaret did some research and found out that the house was a former meth house and wasn't safe for anyone to live in. On this episode, we talk about how she figured out the history of the house, what she needs to do to make the house safe, and how you can avoid buying a meth house.

Direct download: Rental163Margaret.mp3
Category:Business -- posted at: 3:00am EST

My guest today has had some really bad things happen to him while owning rentals. He's been talking advantage of by tenants, sued by his first tenants, and ripped off by contractors. Even with all the bad things that have happened to him, he still loves owning rentals and thinks they are a great investment. On this episode we talk about how he dealt with issues and has gone on to build a great rental portfolio.

Direct download: Rental162Jas.mp3
Category:Business -- posted at: 3:00am EST

Troy talks about how he got started buying rentals right out of college. We talk about how he did his first couple of deals with no money or credit. Today Troy owns 4 properties and generates enough rental income that it has almost replaced his wife's income.

Direct download: Rental161Troy.mp3
Category:Business -- posted at: 3:00am EST

My guests today weren't happy with the service and the cost of their property manager. They decided to fire their property manager and put systems and a team in place, so they can manage their properties remotely from another country. Doing this saves them $5,000 a month.

Direct download: Rental160.mp3
Category:Business -- posted at: 3:00am EST

We talk about the different types of policies landlords need to protect themselves, different coverages landlords should consider adding, and why landlords should require tenants to have renters insurance.

Direct download: Bonus_Insurance.mp3
Category:Business -- posted at: 3:00am EST

Forrest started buying rentals in the early 2000's, when Great Recession started he knew that the market was going to change. He quickly adjusted and made a huge change that helped him survive and profit from the recession.

Direct download: Rental159Rev.mp3
Category:Business -- posted at: 3:00am EST

I talk to 2 different tenants about what it's like to be a renter. The first tenant is in a C- or D class neighborhood, and the second is in a B class neighborhood. We talk about how they found the properties, what the screening is like, and how the manager has dealt with any issues they have had.

Direct download: Rental158Rev.mp3
Category:Business -- posted at: 3:00am EST

We talk about how to get qualified for a rental, how to get the financing to build a portfolio, and we talk about a case study of an investor that started with no rentals and how they were able to build a large rental portfolio in just 2 years

Direct download: BonusRidge.mp3
Category:Business -- posted at: 3:00am EST

My guests today share how they were able to replace their W2 income with rental income. Today Kenji works part-time, and Letizia works full-time because they enjoy their jobs, and they want to work, not because they have to. They also share info about a program that they use that provides them with tenants that pay above market rent.

Direct download: Rental157Rev.mp3
Category:Business -- posted at: 3:00am EST

We talk about a government program that is providing housing to homeless vets. We talk about how Kirby is finding properties, fixing them up, and then the government places tenants and pays their rent.

Direct download: Rental156Rev.mp3
Category:Business -- posted at: 3:00am EST

We talk about what you need to get a judgement, if you can garnish wages, other ways to collect, and when it may not be worth it.

Direct download: Bonus_Judgement.mp3
Category:Business -- posted at: 11:40am EST

Marco shares the top 4 markets for cash flowing rental properties. We talk about price points to purchase properties, average rents, and what makes each market a good investment

Direct download: Rental155.mp3
Category:Business -- posted at: 3:00am EST

Mike tells his story of how he lost several houses to foreclosure during the last market crash. We talk about what he learned, and how he has changed his buying criteria to avoid this from happening again in the future.

Mike has since built a large portfolio and today he supports his family off the rental income his rentals generate.

Direct download: Rental154.mp3
Category:Business -- posted at: 3:00am EST

John just closed on his first property. He's fixed it up, and he's ready to rent it out....but, he has a few questions. On this episode John asks Dan talk about doing showings, setting up the lease, clauses to put in the lease, screening tenants, and how to collect rent online.

Direct download: Rental153.mp3
Category:Business -- posted at: 3:00am EST

After his wife got sick, Jesse found himself in a ton of debt. On this episode we talk about how in just a couple of years, Jesse got out of debt, and ended up owning several houses free and clear.

Direct download: Rental1522.mp3
Category:Business -- posted at: 3:00am EST

Rob and Megan talk about how they built a rental portfolio that generates enough passive income that one of them could leave their job if they wanted to. They both love their jobs, and don't have plans to leave anytime soon. But, they have that option if they ever needed it.

Direct download: Rental151.mp3
Category:Business -- posted at: 3:00am EST

Bob shares how his experience flipping houses helped him be better at buying rentals. We talk about his unique strategy for making offers, how he finds good contractors, and what he's looking for when he buys a property that already has tenants in place.

Direct download: Rental150.mp3
Category:Business -- posted at: 3:00am EST

Linda gives me advice on how to deal with two issues that I'm having with my rental properties right now. Linda also shares some great website resources for landlords.

Direct download: Rental149.mp3
Category:Business -- posted at: 3:00am EST

Chris talks about how he has set up his rentals to not require too much of his time. We talk about how he rehabs the properties after he buys them. We also talk about how he made connections that have helped him finance his portfolio.

Direct download: Rental148.mp3
Category:Business -- posted at: 3:00am EST

The economy is good right now. Unemployment is low, rents are going up, and it's a great time to be a landlord. On today's bonus episode, I talk to a landlord that has survived the last two recessions.

Direct download: RIP_Bonus-_Recession.mp3
Category:Business -- posted at: 3:00am EST

Felicia's husband died young, and she had to figure out how she was going to support her family. She figured out that if she bought a few rentals she could support her family off the rental income. On this episode she shares how she did it.

Direct download: Rental147B.mp3
Category:Business -- posted at: 3:00am EST