Rental Income Podcast With Dan Lane

The biggest expense we have as landlords is when you have a turnover. Usually, something needs to be fixed or replaced. You may have some vacancy between tenants, and you may have to pay a commission to place a tenant.

My guest today has an incredibly profitable portfolio because her tenants don't leave. Her average tenant stays for 8 years.

That didn't happen by accident or because she had good luck. On this episode, we find out what she is doing to keep tenants for so long.

Direct download: Rental266.mp3
Category:Business -- posted at: 3:00am EDT

On this episode of the podcast, Edwin describes how he bought properties and used the cash flow that those properties generated to buy more properties. The more properties he bought the bigger his cash flow became, and the more properties he could continue to buy.

We also talk about the hidden way that rentals helped him build wealth, and some of the things he has done to make his rentals more profitable.

Direct download: Rental264.mp3
Category:Business -- posted at: 3:00am EDT

John shares how he built his rental portfolio without any debt. We talk about how he saved the money to buy his rentals with cash.

He also goes over the numbers for one of his recent rentals, and he talks about why he only buys properties in really good neighborhoods.

Direct download: Rental263.mp3
Category:Business -- posted at: 3:00am EDT

Randy and Jana share their unique strategy of leasing single-family houses to a charity that provides housing to special needs kids.

Randy and Jana are not responsible for any child care or any of the activities inside the home.

On this episode, they explain how the program works, the best type of properties to do this with, and what their experience has been like.

Direct download: Rental262.mp3
Category:Business -- posted at: 3:00am EDT

When Jens bought his first couple of rentals he made a few mistakes. He had a lot of trouble with the type of tenants he was attracting, and his repair expenses were a lot higher than he thought they should be.

Pretty quickly, he figured out what he was doing wrong and he made some adjustments to his investing criteria.

On this episode, we figure out what he did wrong, what he learned, and how that experience has made him a better investor today.

Direct download: Rental261-2.mp3
Category:Business -- posted at: 3:00am EDT

John shares how he figured out the math behind building a rental portfolio that generates him $20,000 a month in profit.

We talk about how he built his portfolio without taking a lot of risk, and why he likes buying properties that don't require a lot of rehab work.

Direct download: Rental260-2.mp3
Category:Business -- posted at: 3:00am EDT

If you are in a tight spot financially, or you think you may be in the future, a mortgage forbearance might sound like the perfect solution.

You take a break from your mortgage payments and you can catch up in the future when things are better.

This sounds great, but there is a BIG downside to taking a forbearance.

On this bonus episode, we talk about what will really happen, if you take a mortgage forbearance.

Caeli Ridge From Ridge Lending Group explains how a forbearance works and why you don't want to take one.

Direct download: UglyTruth.mp3
Category:Business -- posted at: 5:59pm EDT

What happens when good tenants get laid off? If they lose their job will they still pay rent? On this episode, we talk to four landlords to hear their experience with collecting rent during COVID-19.

We talk about how many of their tenants paid rent, and some of the strategies that they are using to help their tenants get the money to pay them.

Direct download: Rental259-4_landlords.mp3
Category:Business -- posted at: 3:00am EDT

We first met Chris, on this podcast, two years ago. On episode 148, Chris talked about how he was working full-time, and slowly building his rental portfolio on the side.

On this episode, we follow-up with Chris, and find out that he has been able to leave his job, and today he and his wife live off their rental income.

We talk about how he was able to increase his real estate income and lower his expenses.

Direct download: Rental258Chris2-2.mp3
Category:Business -- posted at: 3:00am EDT

Andy is a teacher and doesn't make a lot of money. But, he has managed to buy 11 rentals over the last few years. On this episode, we talk about the different strategies that he has used to buy his properties, and how he manages his rentals with his full-time job.

We also talk about the unique way that he screens his tenants, and how he has been able to squeeze a little extra monthly cash flow out of his rentals.

Direct download: Rental256.mp3
Category:Business -- posted at: 3:00am EDT

COVID-19 continues to change the mortgage market. On this bonus episode, Caeli Ridge talks about how mortgage lending programs have changed in the last few weeks, and how some of these changes may benefit investors.

We also talk about changes to the way that appraisals are being done today.

As well as how banks are working with rental property investors, if they have a tenant that can't pay rent due to a job loss or illness.

Direct download: bonus_caeli_ridge_april_2_20.mp3
Category:Business -- posted at: 3:00am EDT

Matt talks about how he was able to reduce his living expenses by house hacking. Doing this enabled him to save money that he used to buy really cheap properties (in good neighborhoods. Today the cash flow from those properties is enough to cover all of his living expenses.

He still works full-time, but he is able to save 100% of that money, to continue to build his wealth and buy more rentals.

Direct download: Rental256Lenza.mp3
Category:Business -- posted at: 3:00am EDT

Jason bought rentals, and made a lot of money, during the last two recessions. On this episode, compare how he felt after 9/11 and 2008 vs today, and if he would buy rentals in this market.

Jason has also recently made a lot of changes to the way he manages his rental properties due to the Coronavirus. We talk about what he's doing differently with showings, managing tenants, and working with late payments.

Direct download: Rental255Cor.mp3
Category:Business -- posted at: 3:00am EDT

Fleming shares how Coronavirus has affected him and his rentals so far. We also share tips on how to communicate with tenants during this crisis, and how landlords can protect their investment.

Direct download: Rental254cv.mp3
Category:Business -- posted at: 3:00am EDT

Tucker just closed on first rental. On this episode, we talk about how he educated himself on rentals, how he made connections with local a local Realtor and Property Manager.

We also talk about how he researched different neighborhoods to find the best area to invest in.

We review his numbers and talk about how much he is making monthly on his first deal.

Direct download: Rental253.mp3
Category:Business -- posted at: 3:00am EDT

We talk about how the Coronavirus and the emergency rate cut have affected the mortgage market.

We look at the current rates and talk about when it might make sense to refi a rental.

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

Pam has been investing in rental properties for 40 years, and also owns a property management company that manages over 1,000 rentals for other investors.

Through that experience, she has figured out exactly what makes a profitable and low-hassle rental property. In this episode, she shares exactly what she's looking for when she buys a rental property.

We also talk about some of the big mistakes that she sees investors make.

Direct download: Rental252.mp3
Category:Business -- posted at: 3:00am EDT

Section 8 and other rental subsidy programs can be a great way for landlords to receive guaranteed rent payments every month.

But, there are some potential negative things to be aware of.

On this episode, Rich Hudec, and investor who owns Section 8 properties, shares the good and bad of Section 8.

Direct download: Rental251.mp3
Category:Business -- posted at: 3:00am EDT

Chase wanted to start buying rentals, but he didn't have much money. The only rentals he could afford were really cheap rentals in a bad neighborhood.

The returns looked great on paper, but a lot of investors have trouble getting this type of property to preform because they tend to have more tenant turnover and higher maintenance costs.

On this episode, we find out how Chase's investment worked out, what he learned.

Direct download: Rental250.mp3
Category:Business -- posted at: 3:00am EDT

Chris has a full-time job, a wife, young kids, but he has somehow found time to buy a portfolio of cash-flowing rental properties.

On this episode, we talk about how he built his portfolio, how he financed his rentals, and how he has automated the management of his rentals.

Direct download: Rental249.mp3
Category:Business -- posted at: 3:00am EDT

Jim has always been interested in buying rentals, but he never had the time to do it.

After getting laid off in his 50's he needed to figure out how he was going to support his family. He decided it was time to start buying rentals.

Jim didn't need a build a huge rental portfolio. He bought a few properties over a few years, and today he lives off his rental income.

On this episode, he tells us how he did it, and the numbers behind his portfolio.

Direct download: Rental248b.mp3
Category:Business -- posted at: 3:00am EDT

Brad had a ton of consumer debt. He followed Dave Ramsey's baby steps to pay everything off. Once he was debt-free, he decided that he was never going to borrow any money ever again.

On this episode, Brad talks about how he only will invest in a rental if he has the cash to buy it outright

We talk about why he thinks investing without debt is the best way to go, how he saved the cash, and how he has been using the cash that his rentals generate to buy more rentals.

Direct download: Rental247.mp3
Category:Business -- posted at: 3:00am EDT

Michael lives in a high cost and high tax area. This makes it very difficult to invest in rentals - but not impossible.

In this episode, Michael talks about some of the challenges he has faced with investing and how he has been able to make things work.

He also shares the type of properties that make the most sense in his area, and the challenges he has faced as he has rehabbed properties and managing his tenants.

Direct download: Rental246.mp3
Category:Business -- posted at: 3:00am EDT

Isaac had a plan to buy rentals in neighborhoods that were close to hot neighborhoods that have seen a lot of appreciation.

After a few years of buying rentals, his bet paid off and his properties have appreciated. He decided that now was a good time to sell half of his rental portfolio.

On this episode, we talk about how he decided it was time to sell, how he sold, and look at the numbers of one of his recent sales.

Direct download: Rental245.mp3
Category:Business -- posted at: 3:00am EDT

Chris had no money and no credit when he started buying rentals. He formed a partnership to buy rentals and he created a lot of equity with his partners. At some point, his partners wanted to cash out an sell the portfolio.

Chris walked away with a pretty big check, but made a bad investment and lost everything.

We talk about what Chris learned and how he was able to build a better portfolio when he had to start over from scratch.

Direct download: Rental244b.mp3
Category:Business -- posted at: 3:00am EDT

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