Rental Income Podcast With Dan Lane (Business)

Dakota shares his story of how he bought a property that he house hacked while working for Domino's Pizza as a delivery driver. We talk about how he continued to build his rental portfolio over the next 7 years by using a few different financing techniques.

He started with $419 and today he has millions of dollars in equity in his rental portfolio.

https://rentalincomepodcast.com/episode369

Direct download: Rental369.mp3
Category:Business -- posted at: 4:00am EST

Natasha shares how she was able to leave her W-2 job and support herself with her rental income.

We take a look at Natasha's portfolio and her numbers. We talk about how she budgets for repairs and vacancies, and how she uses the tax code to legally avoid paying taxes on her rental income.

We also talk about how Natasha gets health insurance, and why she rents herself, instead of owning a home.

https://rentalincomepodcast.com/episode368

Direct download: Rental368.mp3
Category:Business -- posted at: 3:00am EST

KC & Kaysie talk about selling a rental property that was netting them $1,500 a month, and moving the equity to a new property that now nets them $15,000 a month.

They open up their books and share all the numbers for the old and new property and we figure out how they were able to make this transaction happen.

We also talk about how they found the deal, how they financed it, and how they have been managing the property.

Direct download: Rental367Massie.mp3
Category:Business -- posted at: 3:00am EST

Heidi bought her first property to live in, but things changed in her life and she ended up renting the property.

On this episode, we talk about how Heidi dealt with lots of problems including tenants that didn't pay rent, property damage, and getting shut down by her city.

Heidi stuck with the property and today the property generates $2,000 a month in profit and has appreciated by over $200,000.

https://rentalincomepodcast.com/episode366

Direct download: Rental366.mp3
Category:Business -- posted at: 3:00am EST

Alan lives in an expensive area where it's really difficult, if not impossible to find properties that are going to generate cash flow.

On this episode, Alan shares how he found an area where the properties were much cheaper and the numbers worked better.

We talk about how he found his properties, we take a look at his number, and figure out how many rentals he needed to get to $70K.

 We also talk about challenges that he has had along the way.

https://rentalincomepodcast.com/episode365

Direct download: Rental365v2.mp3
Category:Business -- posted at: 3:00am EST

Greg talks about how he generates enough money off his rentals to pay all his bills.

He still works so that he can generate more cash to continue to buy more rentals and to continue to build his rental income.

We talk about why he likes buying condos and how why he's not afraid of condo fee increases, and how he has joined the condo board to have some say in how the development is run.

https://rentalincomepodcast.com/episode364

Direct download: Rental364_Final.mp3
Category:Business -- posted at: 4:00am EST

David thought about buying rentals for a long time. Recently, he felt like the time was right to buy his first rental.

On this episode, we talk about how he got his wife excited about the idea of buying a rental.

We also talk about how he found the property, how he financed the property, and how things have been working out.

David shares all his numbers, and we figure out if he got a good deal.

http://rentalincomepodcast.com/episode363

 

Direct download: Rental363.mp3
Category:Business -- posted at: 3:00am EST

Don wanted to build a rental portfolio that generated income for him to live on in retirement, but he wasn't interested on taking on a lot of debt or a lot of risk.

On this episode, he shares how he built a small portfolio of quality properties in good neighborhoods, and how he's been able to pay off several of his mortgages. 

Don also talks about how having paid off properties takes away the fear of having multiple tenants not paying rent, or moving out at the same time.

Don shares how he is doing a pre-retirement test run right now, and is taking monthly draws of his rental income to test what it is going to be like financially to retire.

https://rentalincomepodcast.com/episode362

Direct download: Rental362S.mp3
Category:Business -- posted at: 6:00am EST

Matt shares how he went from not making much money and living on a couch to owning a rental portfolio that generates $15,000 a month in gross rental income.

We talk about how he got the money to get started, how he eliminated his housing expenses with a house hack, and we look at the numbers for his portfolio and figure out how much he nets after all expenses.

Direct download: Rental361Rev2.mp3
Category:Business -- posted at: 4:00am EST

Alex shares how he buys a rental property as he saves down payments.

He doesn't do major rehabs or creative financing. He has found most of his properties off the MLS, but over the last few years, his properties have generated a ton of cash flow and appreciation.

On this episode, Alex also talks about some mistakes he has made and how he screens property managers.

https://rentalincomepodcast.com/episode360

Direct download: Rental360v3.mp3
Category:Business -- posted at: 4:00am EST

Patrick loves owning rentals, but it hasn't always been easy. He's had to deal with fires, floods, bad tenants, and not always having enough money to pay for repairs. On this episode, we talk about both the good and the bad of owning rentals, and how Patrick has overcome some tough situations.

https://rentalincomepodcast.com/episode359

Direct download: Rental359.mp3
Category:Business -- posted at: 3:00am EST

Jeff shares how he earns triple the revenue vs what his competitors are earning with an Airbnb.

We talk about where he is buying, what he did to upgrade the house, how he raised the money to purchase the property, and how he finds guests that are willing to pay a premium to rent his Airbnb.

We also talk about how he avoided what could have been a pretty big legal issue.

https://rentalincomepodcast.com/episode358

Direct download: Rental358B.mp3
Category:Business -- posted at: 4:00am EST

Carlo talks about the 5 different ways we get paid (at the same time) owning rental properties. We also talk about what types of properties Carlo is buying, what type of neighborhoods they are in.

We also talk about how Carlo has financed his properties, and the level of risk he is comfortable with.

Direct download: Rental357_FInal.mp3
Category:Business -- posted at: 5:38am EST

Philip shares how he created a rental portfolio that nets $12k per month after all expenses, by tapping into equity that he had in his primary residence.

We talk about how he created the equity in his home, and how he used a HELOC (home equity line of credit) to access the equity.

Philip shares how having access to the equity enabled him to get really good deals on rental properties because he could make cash offers.

We also talk about how he's been able to recycle the equity over and over to build his rental portfolio.

Direct download: Rental356_Final.mp3
Category:Business -- posted at: 3:00am EST

Kevin talks about his experience turning his primary residence into a rental. 

We talk about why he decided to rent his property vs sell the property, what he needed to do before he rented his property, and how things have worked out for him.

We also talk about tax considerations to think about before turning a home into a rental and a way that investors can save money on repair costs.

https://rentalincomepodcast.com/episode355

Direct download: Rental355B.mp3
Category:Business -- posted at: 3:00am EST

Adrian had a good, stable job with a pension, but he walked away from it all because he wanted more out of life.

On this episode, we talk about the types of properties Adrian bought, how many rentals it took him to be able to leave his job, how he budgets for expenses and how he financed his portfolio.

We also take a look at the numbers for the first turnkey property he bought, and how he gets infinite returns today using the BRRRR strategy.

 

Direct download: Rental354np.mp3
Category:Business -- posted at: 3:00am EST

Zach shares his experience investing in new construction rentals. We talk about what he's looking for in an area to invest in, we talk about if he upgrades the property or rents it as it comes, and his unique way of finding tenants.

We also look at his numbers for a recent deal including what he paid for the property, his mortgage payment, the rent, typical expenses, and his cash flow.

https://rentalincomepodcast.com/episode353

Direct download: Rental353.mp3
Category:Business -- posted at: 3:00am EST

Paul lives in an expensive area, and he's been doing BRRRR projects in another state.

On this episode, Paul talks about what has gone right, and how he has overcome some challenges.

We also take a look at a recent deal and go over his numbers. We also take a look at his entire portfolio and review his rent, expenses and cash flow.

https://rentalincomepodcast.com/episode352

Direct download: Rental352.mp3
Category:Business -- posted at: 3:00am EST

A lot of investors are having trouble finding deals that meet the 1% rule.

On this episode, Bill shares how he's finding incredible deals that meet the 2% rule.

We also talk about a small apartment building that Bill purchased and how he was able to increase his cash flow by lowering the expenses and increasing the rents.

https://rentalincomepodcast.com/episode351

Direct download: Rental351.mp3
Category:Business -- posted at: 3:00am EST

Caeli Ridge shares what's been going on in the mortgage market, and why rates have been going up recently.

We look at where rates are today and how they compare to when the pandemic first started, and in 2019.

We also talk about where rates are headed.

Contact Caeli

https://www.ridgelendinggroup.com
1-855-747-4343
info@ridgelendinggroup.com

Direct download: Bonus__1-20-22.mp3
Category:Business -- posted at: 3:00am EST

Chris talks about why he doesn't use the 1% rule to evaluate rental properties.

We talk about what he's looking for in a rental property, his average purchase price, and his average rental amount.

We also talk about if he owns his rentals personally or in an LLC

Direct download: Rental350v2.mp3
Category:Business -- posted at: 3:00am EST

Joel shares how a new investor making a modest income can go from $0 to $10,000 a month in net rental income.

He provides a road map with examples of what types of properties to buy, and he shares hypothetical numbers for the rental purchase price, the loan amount, mortgage payment, repair reserves, and estimated rent and cash flow amounts.

Of course, we can't guarantee you will make $10,000 per month with Joel's plan. But, it's a great starting point.

https://rentalincomepodcast.com/episode349

Direct download: Rental349.mp3
Category:Business -- posted at: 3:00am EST

Michael talks about how he's been able to increase his cash flow by turning the basement of a single-family home into a separate basement apartment.

We talk about how he modified the basement, and how much it cost him.

Michael shares what he needed to do to make the ADU legal, and how he deals with utilities.

We also compare how much money he makes renting out the property with the ADU vs how much he would make if he didn't modify the property.

https://rentalincomepodcast.com/episode348

Direct download: Rental348New.mp3
Category:Business -- posted at: 3:00am EST

On this episode, we look back at the 5 best interviews of 2021.

My guest talk about:

* Building a rental portfolio for generational wealth
* How to build a rental portfolio for retirement income
* How he went from a newbie to $15K in rental income in just 2 years
* The types of properties make the best rental,
* A guest shares how he made some mistakes and ended up losing his rental properties to foreclosure.

Check out the full interviews:

https://rentalincomepodcast.com/episode347

Direct download: Rental347.mp3
Category:Business -- posted at: 3:00am EST

David talks about how it's really not that difficult to reach financial freedom from rental properties. We talk about how he calculated his freedom number, and how you can back into any income goal with some simple math.

We also talk about how built his rental portfolio with just a few thousand dollars, and how he plans to get his portfolio paid off in way less than 30 years.

Direct download: Rental346v2.mp3
Category:Business -- posted at: 3:00am EST

Sean thought about buying rentals for 20 years, but fear of the unknown stopped him from getting started.

On this episode, we talk about how Sean learned more about rental properties and overcame his fear. We talk about how rentals helped him eliminate his monthly housing payment, and how today he is receiving cash flow and appreciation from his rental portfolio.

Direct download: Rental342.mp3
Category:Business -- posted at: 3:00am EST

There are four main types of LLCs. On this bonus episode, Ashish From InvestorFriendlyCPA.com explains the differences between them.

We talk about the kind of LLC most investors should use, and the two types of LLC'S that investors should avoid. Using the wrong LLC can cause an investor to pay a lot of extra money in taxes.

Direct download: Bonus_LLC_12-9-21.mp3
Category:Business -- posted at: 3:00am EST

Michael shares his secret to building a profitable rental portfolio.

We talk about how what he is doing with his rentals to get better tenants that pay a higher rent and stay for a long time.

We talk about how he keeps his maintenance costs down by rehabbing his rentals as soon as he buys them.

Michael also shares the numbers and the details on a recent rental purchase

Direct download: Rental344b.mp3
Category:Business -- posted at: 3:00am EST

The idea that you could borrow money to make money without having a lot of money blew Aaron's mind.

On this episode, Aaron talks about how he got started with rentals doing a house hack and ended up getting paid to live in his property, and made $70K when he sold that property a few years later.

We also talk about how he bought his second rental with no money down, and how having a real estate license and access to the MLS has helped him get better deals.

 

Direct download: Rental343AM.mp3
Category:Business -- posted at: 3:00am EST

Dave talks about how he quit his job before he had enough rental income to replace his W2 income.

Being able to focus on real estate full-time gave him the time to find deals and grow his rental portfolio.

On this episode, Dave talks about the returns he is looking for in a rental property, a creative way that he has been able to cut his expenses to increase his cash flow, and if he thinks investors are better off with a small or a big rental portfolio.

Direct download: Rental342DH.mp3
Category:Business -- posted at: 3:00am EST

You don't need to spend thousands of dollars on a rehab to charge a higher rent.

On this bonus episode, Lee Fjord shares some cheap and easy upgrades that he does to his rentals that help him charge a higher rent, and get a better return.

Direct download: Bonus_11-18-21_B.mp3
Category:Business -- posted at: 3:00am EST

Zach has a full-time job and doesn't have time to do any complicated strategies to find rentals or take on a rehab project. He's been buying properties that need minimal fixes that can be rented out as soon as he closes on them.

On this episode we talk about how Zach has been building his portfolio, we take a look at one of his deals, and talk about how he has overcome a few challenges.

Direct download: Rental341.mp3
Category:Business -- posted at: 3:00am EST

Sean had a tenant suddenly pass away. On the first part of this episode, we talk to Sean about what happened to the lease, what he did with the personal property of the tenant, and how he got back control of the property.

On the second part of the episode, we talk to Attorney Jules Haas to see if Sean handled the situation correctly and to see if there are other issues that landlords need to be aware of.

 

 

Direct download: Bonus_11-11-21_B.mp3
Category:Business -- posted at: 3:00am EST

Tom knew that he needed to come up with a plan for retirement income. He figured out that if he bought a few rental properties and worked on getting them paid off he would be able to generate enough income to support himself.

On this episode, we talk about how Tom got started with just a little bit of money, and how he paid off his properties.

We also talk about some of the challenges that Tom faced along the way, and how he overcame them.

Direct download: Rental_340B.mp3
Category:Business -- posted at: 3:00am EST

Chris had a lot of potential tenants that weren't very serious about renting from him. To eliminate the tire kickers, Chris started making people interested in viewing the property fill out a full application and pay an application fee before seeing the property.

On this bonus episode, we talk about how this works, and how it's been working out for Chris.

Direct download: Bonus_11-4-21_B.mp3
Category:Business -- posted at: 3:00am EST

John talks about what investors should be looking for in rental properties, and what he's looking for.

We also talk about the 1% rule, and if this is still a good benchmark to evaluate rental properties, and other factors that investors should consider.

Direct download: Rental339v2.mp3
Category:Business -- posted at: 3:00am EST

Ashish from investorfriendlycpa.com explains how rental property investors can save money on taxes with real estate professional status.

We talk about what it is, how to qualify, and rules that investors need to be aware of.

Direct download: BonusTax2ver3.mp3
Category:Business -- posted at: 3:00am EST

Curtis shares the numbers behind his 8 unit portfolio. We talk about his gross rents, expenses, and his monthly profit.

We also talk about how he finds traveling nurses, how he manages his properties, and how he does his leases.

Direct download: Rental338b.mp3
Category:Business -- posted at: 3:00am EST

On this bonus episode, Dominic shares details of a recent rental he purchased.

We talk about how he found the property, what he paid, details of his rehab, and we go over his numbers.

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

Bryan shares how he had a rough start buying rentals. It took him 3 years to turn around his first 4-plex.

On this episode, we talked about how he turned things around, raised rents, and turned a building with a lot of deferred maintenance into a property with great cash flow.

Bryan recently closed on his second property. We talk about how he used the equity he created with his first property to buy his second.

Direct download: Rental337.mp3
Category:Business -- posted at: 3:00am EST

Josh wanted to invest in rentals, but the numbers didn't work in the area that he lives. Real Estate is too expensive, and the rents aren't high enough to make a profit.

On this episode, Josh talks about how he found a less expensive area, and with the help of a good Realtor he has been able to buy rentals and build monthly passive income

Direct download: Rental336josh.mp3
Category:Business -- posted at: 3:00am EST

Farris talks about how he finds great tenants for his rentals. We talk about the number one thing that investors can do to attract good tenants.

We also talk about where he advertises his rentals (and where he doesn't), how he does showings, how he does pre-screening, where he goes for online screening and other things he looks for in his screening process.

Direct download: Bonus-Perfect_Tenant.mp3
Category:Business -- posted at: 6:00am EST

Matthew & Kim share how they are working towards replacing their W2 job income with a small rental portfolio.

On this episode, we take a look at where they are now, their current rental income, and talk about their plans to pay off their entire portfolio.

We also talk about how their old school way that they manage their rental portfolio without any online software or technology.

Direct download: Rental336.mp3
Category:Business -- posted at: 3:09am EST

Kori talks about how he is building out his rental portfolio the same way he would start a business.

On this episode, we talk about how he raised money from partners to buy properties, and how he has set everything up to buy and manage properties without him having to be in the same city as his properties.

We also talk about his plans to build a big rental portfolio with the plan of eventually selling it off for a profit.

Direct download: Rental334C.mp3
Category:Business -- posted at: 3:00am EST

Mike is buying a duplex where the current owner has long-term tenants and hasn't raised rent in a long time. He isn't sure if he should raise rent, and risk the tenants leaving or keep the rent the same and keep the tenants.

On this episode, we get opinions from several landlords to help Mike decide what to do.

Direct download: Rental333AR.mp3
Category:Business -- posted at: 3:00am EST

Caeli Ridge shares some good news about the mortgage market that is going to mean lower rates for investors.

Direct download: Bonus-_Mortgage_News.mp3
Category:Business -- posted at: 6:00am EST

Farris started buying rentals on his own, but recently decided to partner up with a friend to continue to grow his rental portfolio.

On this episode, we talk about how they set up their partnership to avoid duplicating work, what to look for in a good partner, and we talk about two recent deals that Farris and his partner purchased.

Direct download: Rental_332MW.mp3
Category:Business -- posted at: 3:00am EST

Ashish from Investor Friendly CPA.com answers a listener's question about if buying a rental in another state will help him save money on his state taxes.

We also talk about if owning a rental in another state can help you save money on taxes.

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

Quentin wanted time and location freedom, and he figured that if he bought enough cash flowing rentals they would give him freedom.

On this episode, we talk about how much rental income he needed to replace his W2 income,and how many rentals he needed to get to that number.

We also talk about the kind of properties he bought, and how much cash he needed to invest to build his portfolio.

Direct download: Rental331D.mp3
Category:Business -- posted at: 3:00am EST

Eric talks about how he got started by turning a condo that he lived in into a rental. He rented the property out for a few years and was making about $300/month. Recently, he sold that property and moved the equity to a 4-Plex using a 1031 Tax-Deferred Exchange, and increased his cash flow to $1,200 a month.

Direct download: Rental330.mp3
Category:Business -- posted at: 3:00am EST

Anthony talks about what he looks for in a rental property, and the simple math that he does to evaluate potential deals.

We look at one of his recent deals, and he shows us the numbers that he's looking at to see if a deal makes sense

Direct download: Rental329.mp3
Category:Business -- posted at: 3:00am EST

Ramon shares how he set a goal to buy 50 rentals thinking that if he built a big rental portfolio he would make a lot of money.

But, things didn't work out that way. He ended up not making money and losing his properties to foreclosure.

On this episode, we figure out how things went bad and how he was able to build a smaller portfolio that is way more profitable.

Direct download: rental328.mp3
Category:Business -- posted at: 3:00am EST

Corey and Bethany did the math to figure out how much money they would need to save for down payments to build a big rental portfolio and felt discouraged. They figured out it would take them years to save enough money.

They wanted to get started today, so they had to figure out another way.

On this episode, they share how they got the money to get started.

Direct download: Rental327b.mp3
Category:Business -- posted at: 3:00am EST

Mekkel shares how he was able to go part-time at his job because of his rental income.

On this episode, we talk about his portfolio of 5 rental units, and look at the numbers. We also talk about how he came up with the down payments to get started.

 

Direct download: Rental326.mp3
Category:Business -- posted at: 3:00am EST

Steve is getting ready to retire and support himself off his rental income. On this episode, we talk about how Steve slowly built a portfolio of condos over the years as he was working full-time.

We talk about what he looked for in a perfect rental, his strategy to identify off-market deals, and how he was able to buy properties with cash and reinvest that cash into buying more rentals.

Direct download: Rental325.mp3
Category:Business -- posted at: 3:00am EST

Natasha loved the idea of buying rentals, but her husband did not like the idea at all.

On this episode, we talk about how she convinced him to buy one property, to try it out....but that property didn't work out as she planned and they ended up losing money.

Natasha didn't give up. She changed her strategy, got her husband excited again and they ended up building a portfolio of 10 rentals.

On this episode, we talk about what Natasha did differently, and how her portfolio has worked out.

Direct download: Rental324.mp3
Category:Business -- posted at: 3:00am EST

Daniel owns three different types of rentals: regular long-term, Airbnb, and he rents short-term to traveling nurses. On this episode, we talk about Daniel's experience with each. 

We talk about the work involved in managing each type of rental and look at Daniel's gross income, expenses, and his net profit for each type of rental.

Direct download: Rental323.mp3
Category:Business -- posted at: 3:00am EST

Doug shares his incredible story of how he went from having no real estate experience and no money to owning 81 rentals.

We talk about how he found and financed his properties, and how he was able to improve each property to increase his rental income.

Direct download: Rental322.mp3
Category:Business -- posted at: 3:00am EST

Husband and wife team KC and Kaysie share the numbers behind netting $15K a month from their rental portfolio. We take a look at their gross rents, total mortgage, and repair expense and figure out how they are getting to $15K.

We also talk about the kind of properties they have in their portfolio, and how they have financed their purchases.

Direct download: Rental321.mp3
Category:Business -- posted at: 3:00am EST

Jesse shares how he has been building his rental portfolio on a teacher's salary. We talk about how he has eliminated his monthly mortgage expense house hacking (with a family), and how he generates $1,100 a month in rental income with just 2 properties.

Direct download: Rental320.mp3
Category:Business -- posted at: 3:00am EST

Larry shares everything he does to minimize the chance that he will lose money on a rental property.

We talk about what he is looking for when he is selecting a property to purchase, and everything he does to manage his property, from tenant screening to preparing the property to rent.

We also talk about how he minimizes his expenses and how he trains his tenants to pay on time every month.

Direct download: Rental319.mp3
Category:Business -- posted at: 3:00am EST

Casey wanted to be a stay-at-home mom, but she also needed to earn money to help support her family.

She figured out that if she bought a few rental properties, she could earn enough passive income without needing to get a job.

On this episode, we talk about her portfolio. How she manages her rentals, and how she dealt with some tough situations.

Direct download: Rental318.mp3
Category:Business -- posted at: 3:00am EST

Carl shares what has worked and not worked in his 40 years of investing in rentals.

We talk about investing out of state, what properties make the best rentals, the most profitable number of beds to have in a rental, his strategy for long-term tenant retention, and buying rentals using an IRA

Direct download: Rental317.mp3
Category:Business -- posted at: 3:00am EST

Nick shares the shortcuts and efficiencies that he has developed to manage his rental portfolio while working full-time.

We also talk about how he built his rental portfolio without having a ton of money. We talk about how he has been able to buy each of his rentals with a very small down payment, and how much money he is making per door.

Direct download: Rental316.mp3
Category:Business -- posted at: 3:00am EST

Isaac has had a lot of success as a landlord, but he has made some mistakes along the way. On this episode we talk about some of the things he has done wrong in the past, and what he is doing now.

Direct download: Rental315.mp3
Category:Business -- posted at: 3:00am EST

It seems like the price of everything, including real estate, has been going up recently. But, is that good or bad for real estate investors? On this episode, we figure that out and speculate on how inflation will affect mortgage rates going forward.

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

Tiffany shares how she built two rental portfolios, in two cities with two different strategies.

She owns rentals in Chicago that she bought for cash flow. After building her portfolio in Chicago, she moved to Texas where she had a harder time investing for cash flow, so she started buying single-family home for appreciation,

Direct download: Rental314.mp3
Category:Business -- posted at: 3:00am EST

David wanted to build a rental portfolio, but he didn't want to take a lot of risk.

On this episode, we talk about how he slowly built a portfolio of 21 rentals that net him 5k a month after all expenses.

We talk about the types of properties he bought, the neighborhoods, and his mortgage and repair expenses.

We also talk about the other ways that his rentals are building wealth for him, and how he will be able to retire off his rental income in a few years.

Direct download: Rental313.mp3
Category:Business -- posted at: 3:00am EST

Will and Veronica talk about how they have been able to grow their rental portfolio by using creative financing.

We talk about how they found private lenders that will loan them money to purchase and rehab properties. They share how they found the private lenders and details about how they structure the deals.

We also talk about how they recently bought a property where the seller financed the property at 0% interest.

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

Brad had no idea what he was doing when he started buying rentals. He didn't know how to screen potential tenants or manage his rentals correctly.

After having to evict his first few tenants he figured out that he had to do things differently if he was going to make owning rentals work.

On this episode, we talk about what Brad is doing differently today. We talk about how he finds high-quality tenants that are easy to manage and stay for several years.

Direct download: Rental312.mp3
Category:Business -- posted at: 3:00am EST

Michelle has built her portfolio by buying really cheap, run-down properties, in rough neighborhoods that nobody else wants.

She fixes the properties up, gets better tenants, and ends up with a great property that produces great monthly cash flow.

On this episode, we talk about how she works with the local police department to get squatters out of the properties, and why she doesn't like working with section 8 tenants.

Direct download: Rental311.mp3
Category:Business -- posted at: 3:00am EST

On this bonus episode of the Rental Income Podcast, Jay Redding shares his experience owning college rentals.

We talk about how he has teamed up with the university sports teams, to rent rooms to student-athletes.

When the current students graduate they pass their room down to younger students on the team. This makes his property management easier and eliminates the need for him to market the property.

We also talk about how he screens his tenants with no rental history or credit score, and other issues he faces renting to students.

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

Jay got downsized from his corporate job and decided that he wasn't going to be happy finding another job. He figured out that if he bought enough rental properties he could earn enough money to replace his W-2 income.

On this episode, we talk about how many rentals he needed to buy, how he financed his properties, and how he self-manages his rentals.

Direct download: Rental310b.mp3
Category:Business -- posted at: 3:00am EST

Mike didn't have any money to invest when he got started buying rentals. He built his rental portfolio using a lot of debt. After paying the mortgages, repairs, and other expenses he wasn't making much money.

After building up equity for 9 years, he figured out that if he sold some of his rentals, he would end up with a portfolio of free and clear rentals.

Today he has very little leverage on his portfolio, and all of his rentals generate really great cash flow.

On this episode, we talk about how he built his portfolio and talk about his strategy to pay off his remaining rentals.

Direct download: Rental309.mp3
Category:Business -- posted at: 3:00am EST

Will and Veronica share how they have been using the equity that they have created in their rental properties to buy more properties.

They talk about the strategies that they have used to access the equity and how doing this has helped them double the size of their rental portfolio and increased their cash flow.

Direct download: Rental308.mp3
Category:Business -- posted at: 3:00am EST

John talks about how he built his rental portfolio by buying base hits. Not many of his deals were all that incredible. But, when you look at his entire portfolio it's a home run.

On this episode, we talk about the types of properties he's been buying, how he manages them while working full-time, and his plan to net $10K a month from his rental portfolio.

Direct download: Rental307v2.mp3
Category:Business -- posted at: 3:00am EST

Managing properties and working with tenants can be very time-consuming, but it doesn't have to be.


Bill and Kristy share how they have automated most of their property management.

On this episode, they share how they do showing without having to be there, how they use online tools for applications and leases, and how their tenants can submit maintenance requests online directly to contractors.

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

Rob owns regular long-term rentals and Airbnbs. On this episode, we talk about the differences between managing both types of rentals and how much money Rob makes from each type of rental.

We talk about how Rob manages his rentals, and we compare the benefits and downsides of each type of rental.

Direct download: Rental306.mp3
Category:Business -- posted at: 3:00am EST

Rich shares why he thinks it's important to own rentals free and clear.

He talks about how he paid some of his rentals, and how those properties are going to provide cash flow for the rest of his life (and cash flow for the life of his kids too.)

We also talk about if it makes sense to pay off rentals with interest rates being so low today, and Rich shares some calculations on how it may make sense to buy properties today that don't meet the 1% rule.

Direct download: Rental305v2.mp3
Category:Business -- posted at: 3:00am EST

Dom shares how he has bought several houses with a credit card.

He shares how he did it, why he doesn't think this is a risky strategy, and some things to look out for if you are interested in doing this too.

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

Dom shares how he bought 46 single-family houses that each net him between $450 - $500 a month in cash flow.

We talk about how he self-manages his properties, the unique thing he asks his tenants to do before he will rent to them, and how he avoids evictions and guarantees that he will receive rent each month.

Direct download: Rental303.mp3
Category:Business -- posted at: 3:00am EST

Chris thought about buying rentals for over 30 years. He bought his first property in his 50's to provide him income during retirement. On this episode, we talk about how he buys and manages his rentals, and we go over his numbers on his most recent purchase.

Direct download: Rental303ChrisD.mp3
Category:Business -- posted at: 3:00am EST

Caeli talks about how you can take equity from one rental to buy another.

We also talk about what it takes to qualify for a mortgage today, what lenders are looking for, and what documentation is required.

Direct download: Caeli-bonus-cash_out.mp3
Category:Business -- posted at: 3:00am EST

Nick is a big numbers guy and has figured out how to reach financial independence with a small rental portfolio.

We go over his numbers and talk about how much he is buying properties for, what he is renting them for, and how many properties he will need to reach his goal.

We talk about how he financed the properties that he has already purchased, and how he is saving money to make his future purchases with cash.

Direct download: Rental302.mp3
Category:Business -- posted at: 3:00am EST

Adee is an investor and a Realtor that specializes in helping investors buy rental properties. On this episode, he shares what investors should look for in an agent, how to find an investor-friendly agent, and how to keep an agent motivated to keep working for you.

Direct download: Bonus-Adee-Investor-Agent.mp3
Category:Business -- posted at: 3:00am EST

Eric shares how he has figured out how to make the self-management of his rentals easy. He talks about how he has automated some tasks while enlisting his tenants to help him with other tasks.

We talk about how he pays his tenants to help him, and how he has brought his vacancy down to pretty close to zero.

Eric also shares how good communication and working with tenants help him thrive with his rentals in a state that can be pretty landlord unfriendly.

Direct download: Rental301.mp3
Category:Business -- posted at: 3:00am EST

Ashey talks about how she profits over $3,000 a month and has made $800,000 in appreciation on 4 rental properties over the last five years.

We talk about the kinds of properties she's been buying, and how she manages her rentals while working full-time. We also review her income and her average monthly expenses.

Direct download: Rental300.mp3
Category:Business -- posted at: 3:00am EST

Brady shares how he's been building his rental portfolio with none of his own money using the BRRRR strategy.

We talk about how he found an investor to loan him the money to buy and fix up his properties, what kind of work he's been doing on his properties, and how he refinances with a long-term lender to pay off his investor.

We review his numbers on what he's paying for properties, what his mortgage payments are, and how much profit he makes every month on each property.

Direct download: Rental299.mp3
Category:Business -- posted at: 3:00am EST

Lee is an investor and a property manager and has seen many clients be successful with rentals, as well as clients that haven't done well with their rentals.

On this episode we talk about the most important factor in buying a rental property, the perfect number of bedrooms to have in a rental property, the best types of neighborhoods to invest in.

Lee also shares how to minimize turnover, and how much an investor should, on average, budget for repairs.

Direct download: Rental298.mp3
Category:Business -- posted at: 3:00am EST

Farris talks about how he built a rental portfolio that produces $15,000 a month in net cash flow, and how he did it in just 2 years.

We talk about the types of properties he's been buying, how he's financing them, and how he's been finding his deals.

Farris also shares his gross cash flow, and what his monthly expenses look like.

Direct download: Rental297D_v2.mp3
Category:Business -- posted at: 3:00am EST

David didn't know what he was doing when he bought his first 6 rentals. Things ended up not working out and his initial properties ended in a combination of foreclosure, short sale, and loan modification.

David knew that he could make things work, if he tried a different strategy. On this episode, we talk about what he's doing differently today and how his new strategy has helped him get to 90 rentals.

Direct download: Rental296.mp3
Category:Business -- posted at: 3:00am EST

On this episode we feature clips of the some of the best information that was shared on the podcast in 2020.

We talk about:

How thinking long-term helped him build cash-flow with Edwin "Stick" Dissoway (Ep 264)

She only needed 7 rentals to replace her job income with Amanda Young (Ep 273)

How to easily manage your rentals with Ron Faraci (Ep 281)

Building his rental portfolio without debt with John (Ep 263)

How he went from broke to $20,000 a month in net cash flow with John Soforic (Ep 260)

What makes the perfect rental with Pam Brantley (Ep 252)

Direct download: Rental295.mp3
Category:Business -- posted at: 3:00am EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST