Chris talks about how he has set up his rentals to not require too much of his time. We talk about how he rehabs the properties after he buys them. We also talk about how he made connections that have helped him finance his portfolio.

The economy is good right now. Unemployment is low, rents are going up, and it's a great time to be a landlord. On today's bonus episode, I talk to a landlord that has survived the last two recessions.

Felicia's husband died young, and she had to figure out how she was going to support her family. She figured out that if she bought a few rentals she could support her family off the rental income. On this episode she shares how she did it.

David has built a team that has helped him buy, and manage rentals remotely. On this episode we talk about how to build a rock star team that can find, fix, and manage rentals. We go over the 4 people you need on your team, how to manage them, and how to keep them honest.

David's Book:

Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties

We talk about how my guest is using Dave Ramsey's debt snowball concept to pay off his rental portfolio using the cash flow that his rentals are producing. We also talk about the unique way he is financing his purchases using equity that he has in his portfolio to create more equity.

Chase talks about how he started in investing by house hacking, moved to 20% down payments, and in the last year he has moved to using the BRRRR (Buy, Rehab, Refinance, Rent, Repeat). He talks to us about how he worked out the financing on the properties using none of his own money with the help of a credit union. He also talks about how he found his deals.

Mark has been a landlord for over 15 years and on this episode he shares some awesome tips that will help new and experienced rental owners. We talk about the importance of setting goals when you are building a rental portfolio, tips for networking with other local investors, and Mark shares some great advice for investing out of state.

More Info about Mark:

http://markowens.com

Rob talks about how he became a landlord because he wanted to buy a new home, and he didn't think he would be able to sell the house he lived in.

Rob hired a property manager to run the property for him. Things went well at first, but eventually things went bad. On this episode of the podcast, we talk about what happened and how Rob dealt with it.

We also talk about how Rob does open houses for his showings when he has a vacant unit, why he got his real estate license, and some interesting research he did in his MLS to help him identify good rental areas.

Adam tells us how he started buying rentals in a lower end neighborhood. The numbers looked great on paper, but after three evictions in a year and a half, he decided it wasn't worth the hassle.

Adam also talks about how he shifted to a different neighborhood and is getting good returns with a lot less hassle.

Dana set a goal that she wanted to buy 20 rentals by the time she was 30. On this episode, we talk about how she got started, how she finances her properties by saving up down payments and using traditional bank financing, and how she manages her rentals while working full-time.

A CPA explains what is staying the same, and what is changing for real estate investors with the new tax law.

Alec and Angela talk about a 3 unit house they purchased that provides enough income that Angela was able to quit her job to pursue her true passion. This one property brings in almost $60,000 in rental income

Andrew shares the best websites to advertise rentals, and the website he avoids. He shares the minimum criteria to rent from him, and we also go over an actual application for someone that recently applied to rent one of his properties.

Fleming talks about how he started buying rentals in his 20's, and by the time he was 41 he had enough rental income to retire. We talk about the numbers, financing, and setting money aside for repairs.

Amy's dad owned rentals when she was a kid. When she became an adult she decided that she wanted to own rentals. On this episode we talk about how she learned the business by managing one of his properties, and she tells the story of how she bought her first rental.

Mike shares how he is building a rental portfolio that has enabled him to cut back his hours at his job. We talk about the numbers he looks for in a rental purchase, how he gets above market rent, and how he gets tenants to stay with him for long periods of time.

Wilson talks about his property that he rents out to students near a University. After all expenses this property nets him $1,800 a month. We talk about how he got started, financing, and how he manages the property

Paul talks about building a rental portfolio that is totally passive. He talks about what he looks for in a potential purchase, how he stays out of the day to day management. We also talk about how he avoids risk and financing.

Kathy shares her story of buying and self managing rental properties across the country. She talks about how she found the properties, how she deals with showings, inspections, and repairs with out being in the same area.

Scott shares how he built a large portfolio without bank financing. He talks about how he used the cash flow he was getting from one rental to buy another. He has used this strategy to buy over 100 rentals.

Drew talks about how he has been building his portfolio not to provide him with cash flow today, but to provide him cash flow during retirement. He also talks about how he is teaching his son about real estate, and how he recently helped his son by his first rental.

A commercial banker talks about how community banks can help investors grow their portfolios. We talk about what they are looking at when they are deciding if they are going to make a loan, how investors can build relationships with banks, and some of the costs involved.

Kevin shares how he is found, bought, and financed his first 3 rental properties.

Nick shares what he has learned owning a single duplex over the last 16 years

Rich shares how he's finding great cash flowing rentals in a market that most investors say you can't find deals. He also shares how he manages contractors, the incentive he gives his tenants to get them on ACH payments, and he also shares how he helps other investors do the BRRR strategy.

On this episode we walk through how a  husband and wife team built a portfolio that generates $35,000 a year in cash flow. We also talk about some of the unique things that they do to generate revenue in addition to rent.

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

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

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

Links mentioned on the show:

Kiwkset 272 Master Key Set

MarkOwens.com

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Links Mentioned On The Podcast

MoveIn.Space

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

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

RentalIncomePodcast.com/episode88

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

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

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

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

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

To learn more about Nhan, or to contact him:

http://www.fortunehomesteam.com

nhan.lam@comcast.net

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

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

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

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

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

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

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

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

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

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

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

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

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

5 Rules that every rental property owner needs to know.

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

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

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

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

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

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

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

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

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

Links Mentioned on the show:

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

Other local info: local.niche.com

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

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

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

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

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

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

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

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

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

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

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

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

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

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