Rental Income Podcast With Dan Lane

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: rental195.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

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