Rental Income Podcast With Dan Lane

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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)

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.

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.

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.

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.

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.

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

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

We also talk about how he screens and manages his tenants.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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 produces great cash flow.

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

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

Rennie was broke and had no retirement plan at 50. He found a partner and started buying rentals with the hope of generating some money so that he could retire someday. His plan worked and today he is lives off his rental income. On this episode we talk about how he did it.

On this episode we talk about the types of properties Randy has found make the best rentals, and what he is currently looking to buy.

In all the years Randy has been investing, and after renting to thousands of tenants, he's never had to evict a tenant. We talk about his secret to only having good tenants.

We also talk about how he screened and how he manages his property managers.

He also offers advice on how you can survive and grow during the next recession.

It can be tough to make money renting condos because the condo fees usually eat away the profit. But, my guest today has figured out how to make money renting condos. He has built his porfolio only buying condos. On this episode he shares how he profits $7,000 a year on average on each condo he rents out.

Rob owns some rentals that on paper should have made him a really good return. But, they haven't performed as he had hoped. He's just broken even on them.

He has another group of rentals that shold have made an average return on paper, but they have ended up made him a millionaire.

On this episode, we talk about what went wrong with the first portfolio, and why things work out so great on the second portfolio.

Brad talks about his strategy of buying rentals, keeping them for 5 years, and then selling them for a profit. We also go over his system that makes it really easy for him to manage his rentals while working full-time.

Marlon shares how he got started investing a year ago, and now makes about $2,300 a month in rental income. We talk about how saved the money to get started. We also talk about how he manages his rentals, while working a full-time job.

Kayla shares where she looks for off-market deals, how she markets to them, and what she says to them to convince them to see their property to her. She also shares how she is able to finance properties at 0% interest.

Steve shares his get rich slow plan that enabled him to quit his corporate job and live off rental income. We talk about how he got started, and how he slowly built his rental portfolio by buying rental properties with cash. We talk about how he is generating big chunks of cash that enable him to continue to buy more rental properties.

Mike didn't know a lot about rentals or even have a clear plan on how he would one day be able to quit his job and live on his rental income. On this episode, we talk about how he figured out how to buy rentals with no money and eventually build a rental portfolio of over 70 rentals.

Our guest tells her nightmare story of buying a property from a turn key company. The company promised that she was buying a newly rehabbed property with a tenant in place. In reality, the property was not rehabbed and there was no tenant.

On this episode, we talk about what happened, and how you can avoid making the same mistakes.

Nathan talks about how he got started buying real estate to live in with a low down payment.

After a few years, he bought a new house and turned his old house into a rental. He did this a few times.

After the real estate market crashed in 2008, he saw a lot of opportunities and started buying properties as rentals.

Kamren shares how he bought a lot without a plan on how he was going to make money with it. A few months later bought a mobile home and started rented it out. Things worked out, and he did 2 more transactions in the last year. On this episode, we talk about how he's financing his purchases, how much he makes off each rental, and figure out if there is a downside of investing in mobile homes.

Rich talks about how bought too many rentals when he got started in real estate. His rentals were costing him more than he expected. He had too many repairs, and issues with tenants not paying. He figured out that half his rentals were causing the majority of his problems. He decided to sell off half of his portfolio. Today he has a much smaller portfolio that is easier to manage and way more profitable. Today, his smaller portfolio generates enough cash flow to support him and his family.

CJ talks about how he got started buying college rentals with a partner. We talk about how his partnership is set up, and the roles of each partner. We go over the numbers for his deals and figure out if college rentals are more profitable than renting to traditional tenants. We also talk about the challenges with the management of students, and some of the lessons that he has learned.

Mike shares his incredible journey from waiting tables and knowing nothing about real estate to owning 60 properties without mortgages.

He tells us how he was able to pay off all his rentals in shorter than 30 years, and his secret to managing his portfolio with very little effort.

I talk to two different guests, from two different parts of the country, that are saving for retirement by buying rental properties. We talk about what they are looking for in an investment, and how they are financing the properties. We also talk about their strategies to eventually support themselves with rental income.

Caeli shares a new creative financing loan program that she has to finance rental properties. We talk about how this program can save investors thousands of dollars in interest, and how investors can use this loan to help them buy more properties.

Peter had a bad accident that cut his career short. He had to figure out another way to generate an income to support his family. He figured out that if he could buy enough rentals, he could cover all of his monthly expenses. On this episode, we talk about exactly how he did it.

Ryan talks about how he makes 2X the rent by renting his properties by the room. We also talk about how he self-manages his rentals from over 1,000 miles away. We talk about how he shows properties when he can't personally be there, how he deals with repairs, how he matches tenants to make sure that everyone in his rentals will get along.

Peter talks about how buying two rental properties changed the trajectory of his life. He talks about how the equity in those properties helped him buy his personal house, plus helped him fund additional rental purchases.

Tim and Crystal buy high-end luxury homes. On paper, these properties may not look like they are going to be profitable. But, they have turned out to be great investments. On this episode, Tim and Crystal share their experience with high-end rentals and how they made $1 million in 2017 alone.

Alex talks about how he is finding rentals the same way that people have been buying rentals for hundreds of years. He isn't doing anything fancy, or risky. His strategy is really simple, and a strategy that a lot of people can easily follow, to build their own rental portfolio.

We talk to two different investors to figure out how to have a successful rental property partnership. First, we talk to a husband and wife team that tried buying rentals with a partner. Things didn't work out and they ended up having to end the partnership. Next, we talk to an investor that has successfully purchased rentals with a partner. We figure out what he did differently in his partnership to make it successful.

Steve bought a 3 Unit building that he rents, while he lives in a rental himself. On this episode, we talk about why he does this, how he gets guaranteed rent from one unit, that covers the mortgage, and how he manages the property while working full-time.

Caeli shares how she started investing in properties that lost a little money every month - but had a huge potential to appreciate in value. The properties did appreciate and she was making good money, until the real estate market crashed in '08/'09. After the crash, she lost a lot of properties and learned how important it was to make sure every rental cash flows. On this episode, we talk about how she survived the market downturn and what she is doing differently with her rentals today.

Anton is working on a plan to retire early with real estate. He has a full-time job and also generates $100K a year passively from his rentals. On this episode, we talk about how he got to where he is today, where he is headed, and talk about the numbers on one of his recent deals.

We talk to two landlords to get their take on if it makes sense to buy a rental property in a retirement account. First, we talk to Cory Binsfield about why he thinks it's a bad idea. He talks about what he sees as the disadvantages of buying a rental in an IRA. Next, we talk to Joe Facenda about why he thinks it's a great idea. Joe has bought 5 properties in his IRA, and it has worked out great. On this episode, we put the info out there, to help you decide what's right for you.

Nick wanted to invest in rentals, but he didn't have any money, credit, or real estate knowledge. He figured things out and bought his first property. Unfortunately, things didn't work out with that first property and Nick lost money. He stuck with it and kept learning. Eventually, he found the money and built the credit. Today he owns several cash flowing rentals. On this episode, we find out how he did it.

Jason shares how he built his rental portfolio the old fashioned way by saving for down payments. He slowly bought properties as he had enough for down payments. Eventually, he had enough rental income to replace his W2 income.

On this episode, we talk about why we recently sold two rental houses. We also talk about how we have been finding other properties to add to our portfolio and talk about a few of the rentals that we have recently purchased.

Marc shares how he started building his rental portfolio after reading Rich Dad, Poor Dad. He was buying a new property about every 10 months and realized that it was going to take him forever to get where he wanted to go. He eventually left his job to work full-time as a Realtor, and today his rental portfolio could support about 50% of his monthly expenses. On this episode, we talk about managing his portfolio, how he find deals, and how he started working with partners.

Brandon shares how he was able to leave his job after buying 2 single family houses. We talk about why he decided to rent out the houses by the room vs renting the house to one tenant. We also talk about how he financed the rentals, how long it takes to manage them, and how he budgets for repairs and capex.

A listener recently sent me an email saying that he reached financial freedom with 10 rentals. He wanted to know why people build really large portfolios when they probably don't really need to. On this episode, we talk to a landlord that has over 100 rentals to ask him why he built such a large portfolio.

We talk to Rich about a recent deal that he worked out where he ended up getting a rental property for free. Rich has very little turnover with his portfolio. We talk about what he is doing to get his tenants to stay for long periods of time. Rich also talks about a few recent deals he has done that don't meet the 1% rule, but are still profitable.

Jo shares how she got started in real estate by doing live-in flips and keeping houses to rent when she moved. Recently she has bought two properties using 20% down payments. Saving the money for down payments can be a challenge for a lot of people. On this episode, we talk about her simple strategy for saving for down payments. We also talk about how much she sets aside for repairs on her rentals.

Alina and Joe tell their story of renting out beds on a short-term basis to travelers. They have 30 beds available between two single-family houses. They even trade out the management to longer-term travelers that they let stay for free in exchange for managing the rentals.

Jeff shares how he got started owning rental properties, and 3 tools that he uses to make the management of his rentals easy.

Tiffany bought her first property when she was still in college and rented out rooms to other students. After she graduated she bought a few more properties and has continued to rent the properties out by the room. On this episode, Tiffany shares her experience owning college rentals, and tips to manage the tenants.

Matt shares how he started out investing with a house hack. As he started buying more rentals he self-managed. Eventually, he needed help and instead of hiring a property manager, he hired part-time people to help him. Recently, he turned over the day to day management of his rentals over to a property manager. This episode is an interesting look into what Matt was thinking as he grew his portfolio.

Brian read books and thought about buying rentals for 15 years. He was a follower of Dave Ramsey and thought that he needed to save a large sum of money to buy a rental. After he listened to the Rental Income Podcast, he heard a previous episode, where a guest bought a rental with a small down payment. After hearing that episode he thought that might be a better way to get started. On this episode, we talk about exactly what he did.

Will and Veronica share how they started buying rentals knowing nothing about how to do it. Over the last few years, they have figured it out, and have managed to buy 11 rentals. On this episode, we talk about how they did it, and how they have set up systems to make the management of the rentals easy.

Joel talks about how he started by house hacking 5 times and eventually built a rental portfolio that produces $200K in rental income. We talk about how he had to manage his portfolio differently as his portfolio grew. We also talk about the online tools that he uses to manage his portfolio.

Luis shares how he started with nothing and built a portfolio that pays him 6 figures a year. We talk about how he invests in a different town that he lives in. We also talk about how he finds deals, manages rehabs and manages his rentals.

Andrew talks about how he uses debt to buy rentals, but he's not comfortable having a lot of debt. He talks about his strategy to get his rentals paid off quickly. We also talk about how he was able to leave his job because of his rental income. Andrew talks about why he loves Section 8 rentals.

Brian became a landlord because of a flip that went bad. He made some mistakes as a new landlord at first, but he figured things out and saw the value in owning rentals. Over the next few years, he ended up buying more properties. One day something changed and he sold his entire portfolio. On this episode, we talk about why he bought and why he sold, as well as what he learned during his time as an investor.

John talks about how he wanted to invest in real estate but he didn't like the idea of taking out mortgages. He had saved money over the years and has paid cash for his entire portfolio. Today his rentals take a few hours a month to manage and they generate $60,000 a year after all expenses.

Justin talks about how did all the right things with buying his rentals but had a few bad things happen to him in his first two years. He had to evict his first tenant and his second tenant flooded his property. On this episode, we talk about what happened, and what he learned.

Pete had always thought about buying rental properties, but real estate prices were too expensive where he lived. A few years ago his sons moved to Indianapolis. He went to visit and saw the potential that he could buy properties pretty inexpensively and rent them out for a profit. On this episode, we talk about how he did it, what he's looking for in a rental, the numbers he's looking for in a rental, and how things have worked out over the last few years.

Ben shares his story of how he has gotten off to a great start building his rental portfolio. He shares how he got started living for free with a house hack, and what he learned from getting ripped off by contractors on his second deal.


5 Steps To Buy Your First Rental:
http://www.landlordgift.com

Ian talks about how he built a large portfolio in just 3 years. It hasn't been all smooth sailing. We talk about the challenges he has faced, and how he survived.

5 Steps To Buy Your First Rental
http://www.landlordgift.com

Andrew researched and thought about buying rentals for 12 years. After getting laid off from his job he realized that only having one source of income was dangerous, and decided that he was finally ready to pull the trigger and buy a 6 unit apartment building. On this episode we talk about how he found the property, how he financed it, and how he has dealt with some challenges that he has faced in the last year of owning the property.

5 Steps To Buy Your First Rental:

http://www.landlordgift.com

We talk about how Cristhian wasn't able to get approved for mortgages when he first started investing in rentals, and how he was able to get the sellers to finance his purchases. We talk about who is a good candidate for seller financing, and talk about the details of his first deal. We also talk about Cristhian's criteria when he is selecting a tenant, and go over the details of a recent tenant that stopped paying after 6 months.


5 Steps To Buy Your First Rental:

http://www.landlordgift.com

Theo tells his story of how an ad for a real estate seminar sparked his interest in rentals. That seminar led to him buying a house hack. By not having to pay rent, Theo was able to save money and that money enabled him to buy more rentals.

Free Ebook: 5 Steps To Buy Your First Rental:
http://rentalincomepodcast.com/5steps

Ian is a fireman and a few years ago the city that he works for was talking about getting rid of their pension plan. Ian took matters into his own hands to secure his future and started buying rentals that could be his own personal pension plan. On this episode we talk about how he works full-time and self manages a large rental portfolio. Why he makes his rentals nicer than the competing rentals in his neighborhoods, and what he takes out of his properties.

Jason bought 7 rentals over the last 18 months. He did everything right with purchasing the properties, but he had a ton of repair issues happen in a short period of time. On this episode we talk about what happened and how he dealt with the issues.

Mike tells his story of how he graduated with $200,000 in student loans. He couldn't afford the monthly payments, so he bought rentals that produce monthly cash flow that he uses to pay his payments.

Austin started building his rental portfolio shortly after graduating from college. He didn't have a lot of cash for down payments, so he got creative and figured out how to use other people's money to build his portfolio. On this episode Austin talks about some of the strategies he has used.

Corey tells his story of how he started his career with $500,000 in debt. He started buying rentals while working full-time, and over time built up enough passive income to retire.

Jason tells his story of how he got stuck with a house that he was trying to flip. He decided to rent it out on VRBO. Things were going good, until he found out the city he was in didn't allow short term rentals, and shut him down. He then turned it into a regular rentals and made several key mistakes that ended up costing him thousands of dollars. We talk about the mistakes he made, and what he would do differently if he was in that situation again.

Rick owns a property management company and also personally owns 19 rentals. On this episode we talk about what Rick has learned from managing his rentals as well as working with other rental owners.

Chris lives in an expensive market and wanted to buy cash flowing markets. The numbers didn't work on any of the properties near his home, so he started looking at other markets an hour or two from where he lives. On this episode, we talk about how he found and financed his properties, how he self-manages them while working a full-time job, and about how he has dealt with tenant issues.

Jerry just closed on his first deal and on this episode we walk through exactly how he got started. We talk how he researched getting started, how he found his first deal, what he needed to do to get it ready, and how he found his first tenants.

Will talks about how he has been buying properties with just a little money out of his pocket, fixing them up, and then doing a refinance into a commercial loan. We talk about a mistake he made early on that cost him $7,000. We also talk about how he built a relationship with a bank that will allow him to continue to build his portfolio.

My guest found an incredible deal on a rental. It was a great price, and it great shape. But, Margaret did some research and found out that the house was a former meth house and wasn't safe for anyone to live in. On this episode, we talk about how she figured out the history of the house, what she needs to do to make the house safe, and how you can avoid buying a meth house.

My guest today has had some really bad things happen to him while owning rentals. He's been talking advantage of by tenants, sued by his first tenants, and ripped off by contractors. Even with all the bad things that have happened to him, he still loves owning rentals and thinks they are a great investment. On this episode we talk about how he dealt with issues and has gone on to build a great rental portfolio.

My guests today weren't happy with the service and the cost of their property manager. They decided to fire their property manager and put systems and a team in place, so they can manage their properties remotely from another country. Doing this saves them $5,000 a month.

We talk about the different types of policies landlords need to protect themselves, different coverages landlords should consider adding, and why landlords should require tenants to have renters insurance.

Forrest started buying rentals in the early 2000's, when Great Recession started he knew that the market was going to change. He quickly adjusted and made a huge change that helped him survive and profit from the recession.

I talk to 2 different tenants about what it's like to be a renter. The first tenant is in a C- or D class neighborhood, and the second is in a B class neighborhood. We talk about how they found the properties, what the screening is like, and how the manager has dealt with any issues they have had.

We talk about how to get qualified for a rental, how to get the financing to build a portfolio, and we talk about a case study of an investor that started with no rentals and how they were able to build a large rental portfolio in just 2 years

We talk about what you need to get a judgement, if you can garnish wages, other ways to collect, and when it may not be worth it.

Mike tells his story of how he lost several houses to foreclosure during the last market crash. We talk about what he learned, and how he has changed his buying criteria to avoid this from happening again in the future.

Mike has since built a large portfolio and today he supports his family off the rental income his rentals generate.

John just closed on his first property. He's fixed it up, and he's ready to rent it out....but, he has a few questions. On this episode John asks Dan talk about doing showings, setting up the lease, clauses to put in the lease, screening tenants, and how to collect rent online.

After his wife got sick, Jesse found himself in a ton of debt. On this episode we talk about how in just a couple of years, Jesse got out of debt, and ended up owning several houses free and clear.

Rob and Megan talk about how they built a rental portfolio that generates enough passive income that one of them could leave their job if they wanted to. They both love their jobs, and don't have plans to leave anytime soon. But, they have that option if they ever needed it.

Bob shares how his experience flipping houses helped him be better at buying rentals. We talk about his unique strategy for making offers, how he finds good contractors, and what he's looking for when he buys a property that already has tenants in place.

Linda gives me advice on how to deal with two issues that I'm having with my rental properties right now. Linda also shares some great website resources for landlords.

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.

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.

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 without 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.

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.

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.

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

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.

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.

How A New Investor Bought 4 Rentals In 15 Months With Layton Kling (Ep 85)

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.

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.

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

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.

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.

Every landlords worst nightmare is having tenants not pay rent, and do damage to the property.  Today Nicki shares her story about what recently happened to her.

Steve shares exactly how to build a rental portfolio that will act as a personal ATM, and generate cash for you each month for the rest of your life.

We talk about how to build a portfolio using partners, how to raise rent when the lease is up, how David makes sure he gets rent paid on the 1st, and how to finance a rental

Danyel shares how she built her portfolio using multiple creative financing strategies.

Brie shares how she built a portfolio that earns her $35,000 a month in rental income.

Are beach rentals a good investment?  Today on the podcast, Michael Luce shares his experience owning a beach rental.

Juan shares how he find tenants in less than 2 hours, and how he keeps long-term tenants.

4 landlords share their experience about the best way to use insurance and LLC's to protect themselves.

Jeff found a really good deal on a run down and neglected property.  On this episode he tells us how he got rid of his tenants, fixed up the property and was able to increase the rent and turn it into a really good cash flowing rental.

Mike was a factory worker that figured out how to buy rental properties and replace his income with rental properties.  Today he tells us how he did it, and how he found financing for so many properties.

How do you find a good property manager?  What are the fees?  Is there anything to watch out for?  Brenton Hayden, the owner of Renters Warehouse, one of the largest property managers in the country joins us today to reveal some property management secrets

Most landlords think that to make more money you need to raise the rent.  Al Williamson shares 5 ways that landlords can increase their revenue without raising the rent.

Screening tenants is the #1 most important thing that any landlord can do.  But should you rent to applicants with bad credit.  Today we talk to Zach McCrite about his experience

Susan owns 3 properties free and clear, and she earns $6,000 a month in rental income.  On this episode she tells us how she started knowing nothing about real estate, and not having a lot of money, and ended up paying off 3 mortgages and making $6,000 a month in rental income.

Trying to come up with the money to buy a rental property holds back a lot of people.  Today on the show, I talk to Lori Dawson who has been buying rentals using none of her own money or credit.  Today she shares how she does it.

I want to buy another rental property, but I just can't find a good deal in my market.  Nick Polce is an investor that lives in the same market as me, and he it having no problem finding deals.  On this episode he tells us how he is doing it.

My guest today has found a real interesting niche.  He rents out and flips trailers.  The cost is really low to buy a trailer, and the cash flow is pretty good.  Luke has built up a big enough portfolio over the last 5 years, that he was able to quit his job and live off the rental income his properties generate.

Reducing tenant turnover is a great way to make your rental properties more profitable.  Rob Chevez has had very little turnover in his rentals.  On the show today we talk about how he attracts and keeps his tenants for long periods of time.

Property Manager John Malatesta shares the Top 5 pitfalls that can get rental property owners in trouble.

Turnkey Rentals are rental properties that an investor would buy that are already fixed up, and rented out.

Today we talk to Ali, who buys out of state turnkey rentals.  Her property manager handles all of the day to day management.  The only thing that she needs to do is cash the rent check each month.

Can we believe the numbers that the investors on this show have given us?  Is it true that you can buy a rental for $10,000, $20,000 or $30,000 that rents for $650 a month?  Is There A Downside? Today we talk to Investor Ben Leybovich and he gives us his take.

Section 8 and low income real estate investing can bring in a lot of cash flow.  On today's episode we talk to Larry Myer, about his experience.

Fourplex properties are a great way to have multiple income streams from one property.  Today we talk to Jay, about how he got started and his experience owning fourplex properties.

Airbnb is a great way to rent out rooms by the night, and generate rental income.  Rochelle rents out two rooms in her townhouse, and makes enough money to cover her mortgage, utilities, and all of her expenses.  On this episode she explains how airbnb works and her experience as a host.

Getting laid off two days into a new job, made Steve decide he never wanted to rely on somebody else for a paycheck.  He started buying rental properties.  Today he lives off his rental income.

Lisa doesn't like having loans on her rentals.  She knows that she could make more money by using leverage.  But, the risk isn't worth it to her.  She worked hard to get what she has and doesn't want a down market cycle to take it all away.  She also loves all of the positive cash flow the rentals generate every month.

Managing rental properties doesn't have to be a nightmare.  My guest today has set up systems to make managing his rentals really easy.

Jonathan also has a really inspiring story.  He wasn't happy at his job, so he quit and got into real estate.  He got his real estate license and started selling real estate to generate income, he also quickly started building his rental portfolio.  Today he generates $20,000 in passive rental income.

Carl figured out one day how many rentals he would need to own to leave his job, and live off his rental income.  On this episode he tells us how he did it, and what he has learned.

Keys To Success:

* Leverage relations with others to find deals.
* Having good income and credit history and lenders will want to, "throw you money".
* Don't be afraid to invest outside of your market.  Look at your available capital to determine available markets you can afford to invest in.

Sometimes life changes, and you need to move.  This is what happened to Nicole Ratner, she bought a condo that worked great when she was single, but when she got married the condo didn't work so great anymore.

On this episode, Nicole talks about the good luck that she had with having a long-term tenant, and the bad luck she had finding out that the property had toxic mold, after the tenant moved out.

Q&A show.  I ask listener questions to Steve Elliff, a successful rental property owner.

It is possible to buy houses for as little as $400, just ask David Sexauer  He got his start buying properties from The Surplus list, where properties are sold for as little as $1.  His first batch of homes he paid $400 for each one.  Most of there properties are in rough neighborhoods, and in very poor condition.  But, David is able to fix these houses up, for $10,000 or less and make a big social impact in neighborhoods by providing affordable housing.

Every real estate investing story doesn't have a good ending.  Jim Adams is proof of that.  Jim built an empire overnight.  He found an estate sale that included 70 rentals for his first purchase.  He than purchased another 30 properties on his own.

In a short period of time, he built an empire of 100 houses, and had a staff of 20 people.  When the market crashed, Jim lost all of his rentals, plus his personal house, and his cars.

Moving up to a new home, and turning your old home into a rental can be a great way to get started owning rental properties.  That is exactly how Chris Colgan got his start owning rental properties.

How to pick the right tenants, to minimize evictions.  Skip and Mary Saylor talk about the lessons they have learned from 40 years of owning rental properties.  They have rented a lot of properties, to a lot of different people over the years, but they have had very few evictions.  On this episode they reveal, in detail, exactly how they screen tenants

How to manager 20 properties on the side without a property manager.  Sheila Konecke's main business is flipping houses.  She flips about 3 houses a month.  But, she manages to find time to manage 20 rentals on the side without a property manager.  This episode will show you how she does it.

It is possible to own rental properties in a different city than you live in, and not have a property manager.  Tim Hennessey is proof of that.  Tim owns 7 rental properties.  He owns 4 in Florida, and 3 in Illinois (where he lives).  He manages the Florida properties from Illinois and he does it all without a property manager.

Justin alks about how he owns 10 rental units, and is not involved at all.  He hasn’t even seen some of the properties.  He also talks about how he has his house flipping set up to flip 120 houses a week, with him only working 5 hours a week.

Today we talk to Patti Robertson, Patti talks about how she owns and manages 43 of her own properties and manages over 100 properties for other people with her property management company

Turning a primary residence into a rental is what Jack did.  Today he tells the stpry of how his family grew out of their house, and he turned it into a rental, instead of selling it.  Jack is making a small profit each month, and building wealth by having his tenant pay down his mortgage

On this podcast we interview rental property owners about how they started in real estate, and how they grew and financed their rental property portfolios.