Rental Income Podcast With Dan Lane (Business)

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

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 EST

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 EST

After Zack paid all of his bills every month, he didn't have any money left over to save for down payments. He decided that he was going to have to figure out other ways to make more money if he wanted to buy rental properties.

On this episode Zack shares 4 ways he is earning extra money, and how much he makes from each of his side hustles.

Direct download: Rental284ZB.mp3
Category:Business -- posted at: 3:00am EST

David wanted to buy rental properties for financial independence. But, he didn't make a lot of money.

On this episode, he shares how he saved the money to get started, how he built his rental portfolio and the unique way that he pays himself.

Direct download: Rental283.mp3
Category:Business -- posted at: 3:00am EST

Jeremy talks about how he got started buying rentals. We talk about researching markets and how he decided where to invest.

We also talk about a big challenge he's had with one of his properties, and how he's dealing with it, and how everything has been working out so far.

Direct download: Rental282.mp3
Category:Business -- posted at: 3:00am EST

Ron's goal is to make his rentals as passive as possible. He does this by minimizing his touches with his tenants.

On this episode, he shares how he sets expectations during the lease signing and some of the clauses he has added to his lease.

We also talk about how he quickly gets rid of bad tenants, and how he takes himself out of repair issues.

Direct download: Rental281.mp3
Category:Business -- posted at: 3:00am EST

Matthew's rentals do not meet the 1% rule, but his properties still cash flow. On this episode, we talk about what he's looking for in a rental instead.

We also look at one of his rentals and figure out what he paid for it, how much it's renting for, and how much cash flow it's generating.

Matthew also shares tips on how he is winning property bidding wars in a competitive market.

Direct download: Rental280.mp3
Category:Business -- posted at: 3:00am EST

Tiffany shares how she went from being brand new to investing in real estate to building a small rental portfolio that paid for her to travel the world.

She shares how she managed her properties while she was out of the country, and how not giving up during a really tough time ended up giving her the freedom to live life on her terms.

Direct download: Rental284B.mp3
Category:Business -- posted at: 3:00am EST

Caeli Ridge gives a live look at the current investment mortgage rates for a rental purchase, refi, and cash-out refi.

She also updates us on the latest with the new mortgage tax.

Direct download: Rental-Bonus-Rates-Tax.mp3
Category:Business -- posted at: 3:00am EST

Jennings thinks that it is a really bad idea for real estate investors to manage their own rentals. He thinks that investors are actually creating a second job when they self-manage when the entire reason they started investing in rentals is for passive income and freedom.

On this episode, we talk about mistakes that landlords make when they self-manage and how a good property manager can actually make an investor more money.

Direct download: Rental278.mp3
Category:Business -- posted at: 3:00am EST

Joel shares how rentals made him rich by following a simple old school plan of buying rentals over time, and not selling them.

He bought his first rental property over 40 years ago and as he had the money he would add to his portfolio. Doing this consistently over a long period of time allowed him to build up enough monthly rental income that he was able to retire from his day job.

On this episode, we talk about how he did it, and he gives advice on how you can do it too.

Direct download: Rental277JM.mp3
Category:Business -- posted at: 3:00am EST

My guest has some major problems with her rental portfolio. She has multiple tenants not paying rent, and she has vacant properties that need repairs and she doesn't have the funds to make the repairs.

She has a few tenants paying rent, but she's not bringing in enough income to cover her mortgages and the repairs. If she doesn't make some changes quickly she may lose her entire rental portfolio.

On this episode, we talk about how she got in this situation, and we bring in another experienced landlord to offer some guidance on how she can turn things around.

Direct download: Rental276b.mp3
Category:Business -- posted at: 3:00am EST

Heman wanted to buy rentals, but he didn't have the cash to get started. On this episode, he talks about deciding to cash out his 401(K) and how he has turned that initial investment into a portfolio with millions of dollars in equity.

We compare what he would have made if he had kept his money in the stock market and what he has made off his rental properties.

We go over his numbers, his technique to get rent increases, and how he has had zero vacancy in his rental portfolio.

Direct download: Rental275.mp3
Category:Business -- posted at: 3:00am EST

Marcus shares his simple formula to make $1 million with rental properties. He talks about a common mistake that investors make when they are looking to buy rentals. He also shares the numbers on one of his recent rental purchases, and what he does to keep his maintenance and repair costs low.

Direct download: Rental274C.mp3
Category:Business -- posted at: 3:00am EST

Amanda was a single mom when she bought her first rental. She didn't have a lot of money, but she had a dream to retire early with rental properties.

On this episode, we walk-thru how she built her rental portfolio without having a lot of money.

She shares the creative strategies that she has used to find and purchase rental properties.

Direct download: Rental273C.mp3
Category:Business -- posted at: 3:00am EST

Joe has invested in both local rentals, that he self-manages, and out of state turnkey rentals. The turnkey rentals were fully rehabbed, had a tenant in place, and property management was provided by the turnkey company.

On this episode, Joe shares his experience with buying turnkey rentals and shares how they have actually performed for him.

He also shares the minimum price to rent ratio an investor needs to be profitable with turnkey and the number for a self-managed property.

Direct download: Rental272.mp3
Category:Business -- posted at: 3:00am EST

John talks about how he found a run-down apartment building, fixed it up, and was able to raise rents over $10K a month.

After the project was done he was able to refinance and get all of his money back.

On this episode, we talk about exactly what he did, how he overcame a few challenges, and his numbers.

Direct download: Rental271.mp3
Category:Business -- posted at: 3:00am EST

Ann and her husband made a plan to replace their job income with rental income. They slowly started buying rental properties and building their rental income.

Eventually, they built enough passive income to replace their job income, and today they don't have 9 - 5 jobs. They are able to spend time with their kids, travel, and do what they want to do with their time.

On this episode, we figure out how Ann did it.

Direct download: Rental270.mp3
Category:Business -- posted at: 3:00am EST

Brendan explains the basics of a 1031 in an easy to understand way.

We talk about the deadlines investors need to be aware of, and several situations that investors may find themselves in.

Brendan explains how to do a 1031 with partners, what happens if you own a property in an LLC, and how you can take some money out during the 1031.

He also shares 2 ways investors can avoid paying capital gains tax.

Direct download: Rental269.mp3
Category:Business -- posted at: 3:00am EST

Larry talks about a recent property that he purchased for $500. We go over his rehab budget, and what the property rented for.

We also talk about the neighborhood that his properties are in. (hint: it's not a horrible neighborhood).

And how he screens and manages his tenants.

Direct download: Rental268.mp3
Category:Business -- posted at: 3:00am EST

Husband and wife team Darrell and Ana have been buying rentals for a few years. They have had a lot of good things happen with their rentals, but they have also had some challenges with tenants, major expenses, rehabs, and financing.

On this episode we take an honest look into their portfolio and talk about the good and the bad of owning rentals.

Direct download: Rental267DA.mp3
Category:Business -- posted at: 3:00am EST

Chris thought he wanted to own a few properties free and clear. After he did it, he realized that he didn't want a few rentals. He wanted to own a portfolio of rental properties, and he wasn't going to be able to do it without using mortgages.

On this episode, we talk about why he changed his thinking and how using debt has made him a better investor and landlord.

We also talk about some of the challenges he has faced as a landlord, and how he overcame them.

Direct download: Rental266Chris.mp3
Category:Business -- posted at: 3:00am EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

On this episode we look back at some of the best landlord tips and advice from 2019.

We talk about:

How To Easily Self-Manage Rentals

2 Ways To Save For A Down Payment

A Smart Way To Rehab Rentals

How To Find High-Quality Tenants

Why Your Numbers Don't Have To Be 100% Exact

How To Pay Off Mortgages Quickly

Direct download: Rental243BO.mp3
Category:Business -- posted at: 3:00am EST

Monie had a ton of debt, got divorced, and lost her job all at the same time. As soon as she got back on her feet, she decided that she was never going to rely on only one source of income again. She decided to buy rentals to have an additional source of income. On this episode, we talk about how she did it.

Direct download: Rental242.mp3
Category:Business -- posted at: 3:00am EST

Jared is building a diversified rental portfolio. He has some rentals in a growing area where properties are appreciating at a pretty good rate.

He also owns out-of-state properties in an area that isn't appreciating as quickly but they produce great cash flow.

When you put everything together, you get a diversified portfolio that is appreciating and producing monthly cash flow.

Direct download: Rental241.mp3
Category:Business -- posted at: 3:00am EST

Chris shares his strategy to own 15 properties free and clear. We talk about how he's paying them off, and why he wants to pay them off quickly vs owning them with mortgages.

Chris also shares how he bought his first property with no money, and his second with a small down payment.

We also talk about mistakes he's made with tenant screening, and why he likes regular rentals better than Airbnb.

Direct download: Rental240.mp3
Category:Business -- posted at: 3:00am EST

Eric has bought multiple rentals in other parts of the country, without seeing them in person. On this episode, we talk about how he researched good areas to invest in, found the best neighborhoods, and found properties to invest in.

We also talk about how he manages the rentals without physically being in the same city.

Direct download: Rental239ej.mp3
Category:Business -- posted at: 3:00am EST

Corey shares her slow and steady plan to buy rentals on this episode.

She talks about how she has bought houses to live in, and as she outgrew the houses she would rent them out, and buy a new house to live in.

We also talk about her numbers, the mistakes that she has made along the way, and how she has paid off a mortgage with just a little bit of discipline.

Direct download: Rental238.mp3
Category:Business -- posted at: 3:00am EST

Leon read a lot of books and followed the advice of a lot of the big real estate gurus. Their advice worked until the market crashed in 2008. After the market crash, he lost several properties and ended up declaring bankruptcy.

The good thing that came out of that experience is that he learned how to protect his portfolio and his rental income from the next recession. On this episode, we talk about how Leon has built a bulletproof rental portfolio.

Direct download: Rental239b.mp3
Category:Business -- posted at: 3:00am EST

Caeli shares details on the lending options to buy a rental property, and what you need to do to qualify for a loan.

For more information, contact Caeli:

ridgelendinggroup.com
855-74-RIDGE (855-747-4343)
info@ridgelendinggroup.com

Direct download: Bonus11-19.mp3
Category:Business -- posted at: 12:12pm EST

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