Rental Income Podcast With Dan Lane (Business)

Mitch was really scared that he would lose money investing in rental properties. But, he also knew that owning rentals was a great way to build wealth. On this episode he tells his story of how he got over the fear and got started buying rentals.

Direct download: Rental120.mp3
Category:Business -- posted at: 3:00am EDT

Tim has a different strategy than most of the guests that we've had on the podcast. Tim buys properties high end properties in good neighborhoods.. These properties don't cash flow that great, but that's not why Tim is buying. He's built a lot of wealth through appreciation and debt pay down.

Direct download: Rental119.mp3
Category:Business -- posted at: 3:01am EDT

Mark shares how he started building his portfolio while working his full-time job. After a few years he had enough rental income to leave his job and live off the rental income. We talk about how he started buying rentals with 10% down payments, and eventually figured out how to buy rentals without a down payment. Mark also shares some tips and tricks that he uses to mange over 100 rentals in just a few hours a day.

Links mentioned on the show:

Kiwkset 272 Master Key Set

MarkOwens.com

Direct download: Rental118.mp3
Category:Business -- posted at: 3:01am EDT

CPA Craig Cody shares ways that rental property owners can save money on their taxes, and talks about things to do (and not do) to avoid an audit.

Direct download: Rental117Tax.mp3
Category:Business -- posted at: 3:01am EDT

Jay tells us why he has been investing in a town that is about an hour away from where he lives, and what he is doing to minimize his vacancy to almost nothing. We also talk about why he invests for cash flow vs appreciation.


**Thanks to Norada Real Estate and RealtyShares.com/rental for sponsoring this episode of the podcast**

Direct download: Rental117.mp3
Category:Business -- posted at: 3:01am EDT

Graham shares his story about how he has good months and bad months at his job, and was looking for a steady income stream. He stated buying rentals, and now owns 3 properties that cover his basic living expenses.

Direct download: Rental115A.mp3
Category:Business -- posted at: 3:00am EDT

I'm trying to decide if I should rent to people with pets. On this episode I have two guests with different views on the subject. One landlord will allow pets with certain conditions, and the other has had bad experiences renting to pet owners and will not allow it.

I listen to both point of views, and decide what I'm going to do.

Direct download: Rental114C.mp3
Category:Business -- posted at: 3:00am EDT

The story of how he saved himself from financial ruin. He couldn't afford to pay his mortgage, and was looking for a way to generate passive income. Within 6 months he was generating enough income to pay his mortgage, and today he manages his portfolio full-time.

Direct download: Rental113.mp3
Category:Business -- posted at: 3:00am EDT

JC tells us about how he has been building his portfolio while working full-time as a tennis instructor. He tells us the good and the bad of low income rentals. We also talk about the numbers on his most recent deal.

Direct download: Rental112D.mp3
Category:Business -- posted at: 3:05am EDT

Joe shares 4 things that he did (and continues to do) to become a millionaire with his rental properties.

Direct download: Rental111.mp3
Category:Business -- posted at: 3:05am EDT

We talk about the minimum credit score, and income landlords should accept. As well as tips to verify the information that the applicant provided.

Direct download: Rental110C.mp3
Category:Business -- posted at: 3:00am EDT

Brit shares tips on how to find an "investor friendly" Realtor, he shares how he financed his portfolio, and he tells us, in his opinion, if it is really possible for someone to quit their job and live off their rental income.

Direct download: Rental109.mp3
Category:Business -- posted at: 3:00am EDT

Becky doesn't buy rentals - She builds them! We talk about how she got started, and why she decided to build properties. We also talk about what she learned from evicting a tenant.

Direct download: Rental108.mp3
Category:Business -- posted at: 3:00am EDT

Josh shares the details of his first deal. A property that is generating $1,200/month in cash flow.

Direct download: Rental107.mp3
Category:Business -- posted at: 3:05am EDT

Andrew shares the simple formula he uses to pay off properties quickly. He explains how he is able to payoff 5 properties every 7 years. 

Direct download: Rental106.mp3
Category:Business -- posted at: 3:00am EDT

Jan shares her experience having new homes built to rent out. She also shares some great property management tips that she has picked up.

Direct download: Rental105final.mp3
Category:Business -- posted at: 3:00am EDT

Cory set a goal that he wanted to buy 10 duplex's in 10 years - and he did it!! On this episode we talk to Cory about what he has learned, how he manages over 100 doors, and we get some advice about if it is a good idea to buy a rental in a retirement account, or to take money out of a retirement account to buy a rental.

Direct download: Rental104.mp3
Category:Business -- posted at: 3:00am EDT

Attorney Jules Haas answers some of the top legal questions I have heard from rental property owners. We talk a lot about LLC's, what to do if a tenant slips and falls and sues you, and how to avoid hassles for your heirs if you pass away while you own properties.

Direct download: Rental103Jules.mp3
Category:Business -- posted at: 3:00am EDT

Mel and Natalie own just a few rentals, but they treat it like a business. They have a great process for screening tenants, and managing the day to day operations.

Direct download: Rental102rev.mp3
Category:Business -- posted at: 3:00am EDT

Kevin shares the details on how he makes over $1,000 a month renting a single bedroom on AirBnb. He also gives ideas on ways investors could scale a AirBnb property to make even more money.

Direct download: Rental101.mp3
Category:Business -- posted at: 3:00am EDT

Dan and Suzanne share why they sold a cash flowing rental and the details on buying a property in another city.

Direct download: Rental100.mp3
Category:Business -- posted at: 3:00am EDT

Mike shares step-by-step exactly how he purchased 5 rentals (with numbers and details). The income off those 5 properties was enough to replace his income, so that he could quit his job and work full-time on building his rental portfolio.

Direct download: Rental99.mp3
Category:Business -- posted at: 3:00am EDT

Tristen shares what he has learned about tenant screening, collecting rent, and managing repairs after owning a 3 unit building for two years.

Direct download: Rental98.mp3
Category:Business -- posted at: 3:00am EDT

Denise shares how she was able to replace her job income with rental properties. We talk about how she finances properties, and how C class properties are different than B class properties

Direct download: Rental97.mp3
Category:Business -- posted at: 3:00am EDT

Ben shares his story of how he built a portfolio of 26 rentals. He also shares what he looks for in a rental property. We talk about if the school district matters, and the numbers he looks at when evaluating a deal

Direct download: Rental96.mp3
Category:Business -- posted at: 3:00am EDT

Jennifer shares how she built her portfolio using very little of her own money, and now generates $80,000 a year in cash flow.

Direct download: Rental952.mp3
Category:Business -- posted at: 3:00am EDT

Learn how Randy has been using creative financing to build his rental portfolio. He shares how he has been buying properties with no down payment and at 0% interest.

Randy also shares how he makes sure he always gets paid rent on the 1st of every month, and why he stopped charging a security deposit.

Direct download: Rental94.mp3
Category:Business -- posted at: 3:00am EDT

Joseph shares his incredible story of how he bought 17 units in his first 3 months as a real estate investor.

Direct download: Rental93.mp3
Category:Business -- posted at: 3:00am EDT

Jason built his portfolio by buying a house to live in, and a year later renting that house and buying a new house to live in. On this episode he shares how he did it, and shares some tips on how investors can work with Realtors

Direct download: Rental92.mp3
Category:Business -- posted at: 3:00am EDT

David shares how he has built an out of state rental portfolio while working a full-time job. He shares how he found properties, and how he manages the rehabs from across the country

Direct download: Rental91.mp3
Category:Business -- posted at: 3:00am EDT

Linda shares the details of a welcome letter that she sends out when a new tenant moves in, and we talk about the pros and cons of different methods tenants use to pay rent.

Direct download: Rental90.mp3
Category:Business -- posted at: 3:00am EDT

Josh shares his strategy of buying rentals for appreciation, and not cash flow. He also shares how he is able to make extra money by renting out properties by the room, renting parking spaces, the backyards of his properties, and by renting his houses to corporate tenants.

 

Links Mentioned On The Podcast

MoveIn.Space

Direct download: Rental89.mp3
Category:Business -- posted at: 3:00am EDT

Larry shares how he has been able to increase his cash flow, and make managing properties easier using lease options.

For a free copy of Larry's book, and his 7 part video training:

 

RentalIncomePodcast.com/episode88

Direct download: Rental88.mp3
Category:Business -- posted at: 3:00am EDT

Stacy shares how she buys neglected historic houses, guts them, and rents them out. She also shares info about federal and state tax credits that she gets for doing the renovations.

Direct download: Rental87A.mp3
Category:Business -- posted at: 3:00am EDT

Pam owns a regular rental and a vacation rental. On this episode, we compare the two investments and figure out the better investment.

Direct download: Rental86.mp3
Category:Business -- posted at: 3:00am EDT

Layton shares how he got started and bought his first 4 rentals in a little over a year. He also talks about the numbers he is looking for and the 6 other criteria he is looking for in a rental.

Direct download: Rental85.mp3
Category:Business -- posted at: 3:00am EDT

A CPA shares ways rental owners can save money on their taxes. We talk about some overlooked tax deductions,  if having a LLC will save you money on taxes, and how owners of rental properties can pay less tax than other business owners.

Direct download: Rental84.mp3
Category:Business -- posted at: 3:00am EDT

A house flipper shares how he makes $50,000 (on average) flipping houses. We talk about how he finds deals, how he analyzes deals, how he uses none of his own money to do the flip, how he finds good (and keeps) contractors, and how he sells the properties for top dollar.

To learn more about Nhan, or to contact him:

http://www.fortunehomesteam.com

nhan.lam@comcast.net

 

Direct download: Bonus-_Flipping_Houses.mp3
Category:Business -- posted at: 3:00am EDT

Ken has done really well in an area that a lot of investors struggle with. He shares how he makes sure he gets paid every month, and what he does to keep his tenants for long periods.

Direct download: Rental83.mp3
Category:Business -- posted at: 3:00am EDT

Rich talks about how he started investing in a market that had great cash flow on paper. He didn't like dealing with the hassles of that market and has been able to make a lot more money investing in another market with lower cash flow. 

Direct download: Rental82.mp3
Category:Business -- posted at: 3:00am EDT

Josh has reviewed thousands of leases and worked with hundreds of landlords, and has figured out 7 things that successful landlords do.

Direct download: Rental81_copy.mp3
Category:Business -- posted at: 7:22am EDT

Larry shares the process he uses to turnover a property. We go step-by-step of everything that happens from the time a tenant gives notice to a new tenant moving in

Direct download: Rental80.mp3
Category:Business -- posted at: 3:00am EDT

Ben shares how he lost over $2 million by buying rental properties and flipping houses

Direct download: Rental79.mp3
Category:Business -- posted at: 3:00am EDT

Kirby shares his story of how he started buying properties near military bases while he was in the Army. We talk about how he is using a self-directed IRA to buy rentals, and how is finding properties today in Chicago.

Direct download: Rental78ver2.mp3
Category:Business -- posted at: 3:00am EDT

Kevin talks about how he was not able to find cash flowing properties where he lived, so he started looking in other markets. He shares his experience of buying rentals that are fully rehabbed, and already have tenants in place.

Direct download: rental77.mp3
Category:Business -- posted at: 3:00am EDT

Are there certain properties that are better rentals than others? Why kind of ROI should an investor target with a rental property? We talk about that, and more, on this episode.

Direct download: Rental76.mp3
Category:Business -- posted at: 3:00am EDT

Kevin shares how a change to the type of properties he was buying, made a huge difference in his cash flow. He also shares how landlords can make sure that tenants pay utility bills.

Direct download: Rental75.mp3
Category:Business -- posted at: 3:00am EDT

John shares how he is making way more money renting out his lake house by the week vs having a long-term tenant. We also evaluate a deal that he is looking at buying.

Direct download: rental74ver2.mp3
Category:Business -- posted at: 3:00am EDT

Landon shares how he has built a great relationship with his manager, how he is dealing with a slow rental market, and how he is building his rental portfolio

Direct download: Rental73ver2.mp3
Category:Business -- posted at: 3:00am EDT

Mike shares how his background as a wholesaler has helped him find incredible deals on rentals, and how he has been able to finance them without going to banks.

Direct download: Rental72ver2.mp3
Category:Business -- posted at: 3:00am EDT

Phillip shares lessons he has learned from owning and managing 400 rental units.

Direct download: Rental71.mp3
Category:Business -- posted at: 3:00am EDT

Michael shares his story of how he bought his first rental.

 

Direct download: Rental70_ver2.mp3
Category:Business -- posted at: 3:00am EDT

Daniel shares how he has been bought 5 rentals in the USA while living in Japan. He shares details of how he found and financed the deals. How the properties are managed, and the numbers of each deal.

 

 

Direct download: Rental69_ver_2.mp3
Category:Business -- posted at: 3:00am EDT

5 Rules that every rental property owner needs to know.

Direct download: Rental68_ver_2.mp3
Category:Business -- posted at: 3:00am EDT

Peter shares how a casual conversation drinking one night, turned into an awesome rental portfolio.

Direct download: rental67_ver_2.mp3
Category:Business -- posted at: 3:00am EDT

Andrew shares how he purchases rentals by borrowing private money, adds value to the property, and is able to refinance into a bank loan

Direct download: Rental66_ver_2.mp3
Category:Business -- posted at: 3:00am EDT

Aaron shares how he has used seller financing to buy rentals. He also shares how he gets sellers to contact him about selling their properties.

 

 

 

Direct download: Rental65_ver_2.mp3
Category:Business -- posted at: 3:00am EDT

Phil shares how he has success renting in communities that cater to residents that are 55 and over.

 

 

Direct download: Rental63_ver_2.mp3
Category:Business -- posted at: 3:00am EDT

Lucas shares how he gets above market rent for his rentals by renting a group of tenants that are renting rooms. He also shares his "magic" number that has reduced his vacancy to almost nothing

Direct download: Rental62_ver_2.mp3
Category:Business -- posted at: 3:00am EDT

Keith walk us step-by-step how he started by buying a 4-plex, and living for free as his 3 tenants paid his mortgage, and ended up with a portfolio consisting of multiple houses, and 2 apartment buildings

 

 

Direct download: Rental61_ver_2.mp3
Category:Business -- posted at: 3:00am EDT

Chris shares his strategy of buying in different markets for different reasons. He owns rentals in 5 different markets. Some he buys for appreciation, and others for cash flow.

 

 

Direct download: rental60_ver_2.mp3
Category:Business -- posted at: 3:00am EDT

Jason shares how he built a rental portfolio of 20 rentals in the last 2 years. He also shares his formula for buying properties, how he markets for properties, and how he finances the properties so that he has none of his own money in each deal.

 

 

Direct download: rental59_ver_2.mp3
Category:Business -- posted at: 3:00am EDT

Are apartment buildings better investments than single family homes? We talk about the differences, how to get financing, and where to find deals on this episode.

Direct download: Rental58_ver_2.mp3
Category:Business -- posted at: 3:00am EDT

Dan tells the story of how he researched another rental market, and purchased a cash flowing rental property.

 

Links Mentioned on the show:

 

Local economic info - Do a google search for the County "Offering Document"

 

Other local info: local.niche.com

Direct download: rental57.mp3
Category:Business -- posted at: 3:00am EDT

Eric most recently had a bad tenant that he almost had to evict. Today he talks about what happened, and what he learned from this experience.

Direct download: Rental56.mp3
Category:Business -- posted at: 10:24am EDT

Jeanne owns a portfolio of 1,500 college rental units located in two different college towns. We talk about how the college market is different from other markets, and how she grew such a big portfolio.

Direct download: rental55.mp3
Category:Business -- posted at: 3:00am EDT

Laurie is a Realtor that owns 9 rental properties. Today she shares how to find an investor friendly Realtor. She also shares the best part of the market to invest in, what to look for in a rental, as well as the recent success that she has had with vacation rentals.

Direct download: Rental54.mp3
Category:Business -- posted at: 3:00am EDT

Nhan tells his story of how he bought 2 rentals in the last year with only $1,000 of his own money. We also talk about how he manages his property manager, and how he finds good cash flowing deals.

Direct download: Rental53.mp3
Category:Business -- posted at: 3:00am EDT

Brian and Justin share their story of how they got started buying rentals while still in Grad School, and talk about a creative way to finance rental properties with no money.

Direct download: rental52.mp3
Category:Business -- posted at: 3:00am EDT

Rachel shares how she got started investing in single family homes and switched over to investing in mobile homes

Direct download: Rental51.mp3
Category:Business -- posted at: 3:00am EDT

Mike talks about how he put together deals with investors and partners. Today he owns and manages 16 rentals that are all within a mile of his house.

Direct download: Rental50.mp3
Category:Business -- posted at: 3:00am EDT

Nancy owns 15 properties in 3 different states.  On this episode, we talk about how she finds properties, and how she manages her properties fom a distance.

Direct download: Rental49.mp3
Category:Business -- posted at: 3:00am EDT

John talks about how he bought his first property at 19. He didn't know what he was doing, and he made a lot of mistakes. But, he figured it out, and today owns a great portfolio that generates a lot of cash flow.

Direct download: rental48.mp3
Category:Business -- posted at: 3:00am EDT

In the last year and a half John bought 3 multi-family units, while working his full-time job.  On this episode John talks about how he did it, with the help of his team.

Direct download: Rental47.mp3
Category:Business -- posted at: 3:00am EDT

Jeremy shares how every investment he has made in rental properties has gone bad, and how he eventually ended up going bankrupt and losing his properties.

Direct download: rental46.mp3
Category:Business -- posted at: 3:00am EDT

Kevin started out buying multi-family properties in Seattle. Now, he is branching out to other markets using a creative strategy to find properties

Direct download: Rental45.mp3
Category:Business -- posted at: 3:00am EDT

There are lots of ways to find good rental properties to buy. A great way to buy a property under market value is to use a wholesaler.  Today on the show we talk about how to use a wholesaler.

Direct download: Rental44.mp3
Category:Business -- posted at: 3:00am EDT

On the lower end properties, generally there is more cash flow but also a lot more tenant issues.  The higher end properties generally have fewer tenant issues, but a lot less cash flow.  My guest today likes to buy properties in what he calls the "sweet spot", the properties right in the middle.

Direct download: rental431.mp3
Category:Business -- posted at: 3:00am EDT

Every landlords worst nightmare is having tenants not pay rent, and do damage to the property.  Today Nicki shares her story about what recently happened to her.

Direct download: Rental42.mp3
Category:Business -- posted at: 3:00am EDT

Steve shares exactly how to build a rental portfolio that will act as a personal ATM, and generate cash for you each month for the rest of your life.

Direct download: Rental41rev.mp3
Category:Business -- posted at: 3:00am EDT

We talk about how to build a portfolio using partners, how to raise rent when the lease is up, how David makes sure he gets rent paid on the 1st, and how to finance a rental

Direct download: Rental40.mp3
Category:Business -- posted at: 3:00am EDT

Danyel shares how she built her portfolio using multiple creative financing strategies.

Direct download: Rental39.mp3
Category:Business -- posted at: 3:00am EDT

Brie shares how she built a portfolio that earns her $35,000 a month in rental income.

Direct download: Rental38.mp3
Category:Business -- posted at: 3:00am EDT

Are beach rentals a good investment?  Today on the podcast, Michael Luce shares his experience owning a beach rental.

Check out Michael's listing on the show notes page

*********

Thanks to our sponsor handy.com.  Get $50 off your next cleaning or handyman sericve by using promo code RENTAL.

or get $50 off your next Airbnb vacation rental cleaning at handy.com/host using the promo code RENTAL

Direct download: Rental37.mp3
Category:Business -- posted at: 3:00am EDT

Juan shares how he find tenants in less than 2 hours, and how he keeps long-term tenants.

Direct download: Rental36.mp3
Category:Business -- posted at: 3:00am EDT

4 landlords share their experience about the best way to use insurance and LLC's to protect themselves.

Direct download: Rental35.mp3
Category:Business -- posted at: 3:00am EDT

Jeff found a really good deal on a run down and neglected property.  On this episode he tells us how he got rid of his tenants, fixed up the property and was able to increase the rent and turn it into a really good cash flowing rental.

7 Things I Wish I Knew Earlier About Renting Properties

More info about how to finance a rental

Direct download: rental34.mp3
Category:Business -- posted at: 3:00am EDT

Mike was a factory worker that figured out how to buy rental properties and replace his income with rental properties.  Today he tells us how he did it, and how he found financing for so many properties.

Direct download: Rental33.mp3
Category:Business -- posted at: 3:00am EDT

How do you find a good property manager?  What are the fees?  Is there anything to watch out for?  Brenton Hayden, the owner of Renters Warehouse, one of the largest property managers in the country joins us today to reveal some property management secrets

 

Show Notes:

RentalIncomePodcast.com/episode32

Direct download: Rental32.mp3
Category:Business -- posted at: 3:00am EDT

Most landlords think that to make more money you need to raise the rent.  Al Williamson shares 5 ways that landlords can increase their revenue without raising the rent.

 

 

 

 

 

 

 

 

Direct download: Rental30.mp3
Category:Business -- posted at: 3:00am EDT

Screening tenants is the #1 most important thing that any landlord can do.  But should you rent to applicants with bad credit.  Today we talk to Zach McCrite about his experience



Direct download: Rental29.mp3
Category:Business -- posted at: 3:00am EDT

Susan owns 3 properties free and clear, and she earns $6,000 a month in rental income.  On this episode she tells us how she started knowing nothing about real estate, and not having a lot of money, and ended up paying off 3 mortgages and making $6,000 a month in rental income.

Direct download: Rental28.mp3
Category:Business -- posted at: 3:00am EDT

Trying to come up with the money to buy a rental property holds back a lot of people.  Today on the show, I talk to Lori Dawson who has been buying rentals using none of her own money or credit.  Today she shares how she does it.

Direct download: Rental027.mp3
Category:Business -- posted at: 3:00am EDT

I want to buy another rental property, but I just can't find a good deal in my market.  Nick Polce is an investor that lives in the same market as me, and he it having no problem finding deals.  On this episode he tells us how he is doing it.

Direct download: Rental025.mp3
Category:Business -- posted at: 3:00am EDT

My guest today has found a real interesting niche.  He rents out and flips trailers.  The cost is really low to buy a trailer, and the cash flow is pretty good.  Luke has built up a big enough portfolio over the last 5 years, that he was able to quit his job and live off the rental income his properties generate.

Direct download: Rental_24.mp3
Category:Business -- posted at: 3:00am EDT

Reducing tenant turnover is a great way to make your rental properties more profitable.  Rob Chevez has had very little turnover in his rentals.  On the show today we talk about how he attracts and keeps his tenants for long periods of time.

 

Download 7 Things I Wish I Knew Earlier About Renting Properties:

http://www.FreeLandlordGift.com

 

Download FREE 3-Part video series on how to get started owning rental properties:

http://www.RentalCourse.com

 

Hear More Episodes:

http://www.RentalIncomePodcast.com

Direct download: Rental023.mp3
Category:Business -- posted at: 3:00am EDT

Property Manager John Malatesta shares the Top 5 pitfalls that can get rental property owners in trouble.

Direct download: Rental22.mp3
Category:Business -- posted at: 3:00am EDT

Turnkey Rentals are rental properties that an investor would buy that are already fixed up, and rented out.

Today we talk to Ali, who buys out of state turnkey rentals.  Her property manager handles all of the day to day management.  The only thing that she needs to do is cash the rent check each month.

Direct download: Rental21.mp3
Category:Business -- posted at: 3:00am EDT

Can we believe the numbers that the investors on this show have given us?  Is it true that you can buy a rental for $10,000, $20,000 or $30,000 that rents for $650 a month?  Is There A Downside? Today we talk to Investor Ben Leybovich and he gives us his take.

Direct download: Rental20b.mp3
Category:Business -- posted at: 3:00am EDT

Section 8 and low income real estate investing can bring in a lot of cash flow.  On today's episode we talk to Larry Myer, about his experience.

Direct download: Rental19.mp3
Category:Business -- posted at: 6:01am EDT