Rental Income Podcast With Dan Lane

Brian joined us on the podcast 2 years ago after he bought his first rental. On this episode, we follow-up with him and hear how he went from that first rental to 8 buildings.

We talk about where he found the money for down payments, and review his income, expenses, and his profit.

We talk about how much money he sets aside for expenses, and how he has automated the management of his rental portfolio.

Direct download: Rental294.mp3
Category:Business -- posted at: 3:00am EDT

Daniel made a plan to replace his job income with rental income within 5 years, and he did it!

On this episode, we talk about he really didn't know what he was doing when he started, but he figured it out and learned as he bought more properties.

We talk about how he funded his rental purchases and how he figured out how much rental income he would need to feel comfortable walking away from his job.

Direct download: Rental293.mp3
Category:Business -- posted at: 3:00am EDT

3 landlords talk about if they think it's a good idea for investors to diversify a rental portfolio.

We take a look to see what they are doing and see if they have rentals in different areas, or if they have other types of diversification in the types of properties they have, the types of industries that their tenants work in, or if there are other ways to diversify.

Direct download: Rental292.mp3
Category:Business -- posted at: 3:00am EDT

Matt shares how he wrote a business plan for his rental portfolio when he started buying rentals. We talk about the assumptions he used, his target cash flow per rental, and how he budgets for repairs and other expenses. We also talk about how the written plan helped him meet and exceed his goals for his cash flow and his rental portfolio.

Direct download: Rental291.mp3
Category:Business -- posted at: 3:00am EDT

Anton shares how he dealt with an issue, earlier this year, when a large number of his tenants were not able to pay rent at the same time.

We talk about how he jumped into action and came up with a plan to help his tenants get back on their feet, so they could pay him rent.

We go over exactly what he did, and how he was able to get his tenants back to being current with their rent.

Anton also shares how having cash reserves gives him the confidence to survive this difficult situation. We talk about how much money he sets aside to deal with emergencies.

Direct download: Rental290.mp3
Category:Business -- posted at: 3:00am EDT

Dean has been a landlord for 24 years and through trial and error, he has figured out what works and what doesn't work with rental properties.

On this episode, Dean shares 7 things that he has figured out that will make people more successful as rental investors.

Direct download: Rental289.mp3
Category:Business -- posted at: 3:00am EDT

On this episode, we meet Chris and Gerrit, a father and son that have formed a partnership to buy rentals.

We talk about how they are able to accomplish more working together, how the money part of the partnership works, and how they have set things up so that business doesn't mess up their family relationship.

Direct download: Rental288B.mp3
Category:Business -- posted at: 3:00am EDT

James started buying rentals near his house, but after a few years prices had appreciated and the numbers didn't make sense anymore.

On this episode, James talks about how he researched other areas and found a city 5 hours away where the properties cash flowed better.

James shares how he found properties without having to actually ever go to the property, how he finds tenants, does showings, and manages his rentals from 5 hours away.

Direct download: Rental287.mp3
Category:Business -- posted at: 3:00am EDT

Chris shares how she makes really good money renting her basement to traveling nurses.

We talk about what nurses are looking for in a short-term rental, how she finds nurses, and how she is able to stay booked year-round.

We also talk about her plan to buy more properties and rent them exclusively to traveling nurses.

Direct download: Rental286-2.mp3
Category:Business -- posted at: 3:00am EDT

Four years ago on this podcast, Ken talked about his strategy of buying individual rentals and building a rental portfolio with the goal of selling his portfolio to Wall Street.

On this episode, we check-in with Ken and find out that he has actually sold his portfolio for way above market value to a Wall Street bank.

We talk about how Ken didn't need as many rentals as he thought he would, how he sold his portfolio, and how much extra profit he made by finding the right buyer.

Direct download: Rental285.mp3
Category:Business -- posted at: 3:00am EDT