Rental Income Podcast With Dan Lane: Landlord L Rental Property Owner L L Real Estate Investor L Passive Income L Find Good

Occasionally, tenants fall behind on rent. Should we work with them to catch up or proceed with the eviction?On this episode, Derek Morton shares why working with tenants will make investors more profitable.He shares information on how to find charities and grants to help tenants, and under what circumstances he won't work with a tenant.He also shares the number one predictor of whether a tenant will have trouble paying rent and why he doesn't use 3x rent to qualify a tenant's income.https://rentalincomepodcast.com/episode509Thanks To Our Sponsors:Ridge Lending Group - Financing For Rental Properties.MidSouth HomeBuyers - Turnkey Rentals In Memphis & Little Rock. Instant Cash Flow On Day One.Obie Insurance - See if you can save money on landlord insurance.

Taxes can be confusing and overwhelming. It's easy to tune it out. Bob Russo is a CPA that works with a lot of investors. Bob thinks it's a good idea for investors to understand the basics of how taxes work so they can ask their CPA more concisely.On this episode, we discuss the deductions every real estate investor should take, strategies for rental property investors to reduce their taxes, and how LLCs affect taxes.https://rentalincomepodcast.com/episode508Thanks To Our Sponsors:Rental Trial - Easily track rental income and expenses. Free 30 day trialRidge Lending Group - Finance your next rental property purchase

George's first deal didn't work out the way he planned.Construction cost more and took longer than planned, mortgage rates went up, and insurance was higher than expected. However, the property still ended up being a great deal. It still cash flows and has been appreciated nicely.In this episode, we review what went wrong and figure out why everything still worked out.We also talk about how George accidentally started investing in real estate when he couldn't sell his primary residence.http://rentalincomepodcast.com/episode507

Squatters saw a rental listing online, broke into the property, and moved in. The investor's Realtor noticed someone occupying the property and called the police.When the police arrived, the squatters presented a fake lease. The police told the Realtor that this was a civil matter and that there was nothing they could do. They would have to take this up in court.On this episode, the investor's attorney, David Metzger, discusses what happened next and how he ultimately removed the squatters from the property.We also discuss a shortcut he devised to speed up the process and steps rental investors can take to prevent this from happening to them.https://rentalincomepodcast.com/episode506

Jefferson built his rental portfolio by buying rental properties out of state.He doesn't care where the property is as long as the numbers make sense and it's in a good area.On this episode, Jefferson shares how he finds deals, researches the area he wants to invest in, and does his due diligence.We also discuss how he has found many of his deals on Facebook and has worked out creative financing to buy properties with little money out of pocket.https://rentalincomepodcast.com/episode505

Harley shares how his rental properties have given him financial freedom, time freedom, and location freedom.Harley and his family have become digital nomads, traveling to different countries every few months.On this episode, he shares a few hacks he's been using to lower the cost of traveling and explains how he's set up systems to manage his rentals with little effort on his part.We also talk about the platform he uses to collect rent, how he handles tenant communication in a different time zone, and how he handles repairs, turnovers, and evictions.We also discuss some of Harley's other income streams in addition to his rental income.https://rentalincomepodcast.com/episode504

Brian has invested in rental properties since the late 1990s and has seen several market cycles.He's always found opportunities whether prices and interest rates were low or high, or the economy was good or bad.,He's found that every year functions differently than the year before, and you have to adjust your strategy to fit the current market.On this episode, we discuss examples of the market in different years and how Brian adjusted his strategy during that period.We also talk about his strategy for investing today.https://rentalincomepodcast.com/episode503

The BRRRR strategy was a lot easier a few years ago, but it's still possible to do today. Peter and Ron are proof of that.They have done over 100 BRRR's in the last couple of years.On this episode, we talk about how they are finding and financing deals today.They also share the details and numbers for a recent deal.We also discuss their cash flow goal for each property and their long-term goal of building significant wealth from their rental portfolio.Peter and Ron also share advice on going from a few rentals to a large portfolio.https://rentalincomepodcast.com/episode502

Rodney grew up in a family that didn't give him the best advice on how to build wealth.After hearing about creating generational wealth, Rodney decided to invest in rental properties to build a legacy for his kids.Rodney had little cash, so he had to get creative to invest in rental properties.On this episode, we talk about the strategies he used to find the money to invest and how he was able to do it while being a self-described lazy landlord.We also look at a recent deal. Rodney shares how he found the property how he financed it, and review his numbers.Mentioned on the podcast:Deal CheckRent RediZillowGoogle Siteshttps://rentalincomepodcast.com/episode501

David Miller (from episode 487) takes over the podcast and interviews Dan Lane.We talk about some of Dan's most significant takeaways from interviewing 500 rental property investors, the worst thing that has happened to Dan as an investor, and the biggest mistake he sees investors make.David also asks Dan why he started the Rental Income Podcast, how the show has grown, and what his plans are to expand his rental portfolio.

Athena's mentor shared a straightforward strategy for building wealth.His advice was to buy a house and rent out rooms. After two years, buy a new property while keeping the old property, and do it again.Athena wasn't earning much money when she bought her first property, but she followed his advice.Ten years later, she has bought several properties and gained over $600,000 in equity.On this episode, Athena walks us through her journey and shares how she built her portfolio with small down payments and letting her investments appreciate over time.https://rentalincomepodcast.com/episode499

Shiraz lives in an expensive area where it's almost impossible to find traditional rental properties that cash flow.To optimize his finances, Shiraz has implemented a variety of strategies, including renting his properties on a mid-term basis to generate additional cash flow.He's also converted garages into apartments and built detached ADUs (DADU)  in the backyards of his properties.On this episode, Shiraz discusses the costs of converting a garage into an apartment and the extra rent he collects.He also discusses the costs of building a detached apartment unit, the perfect number of bedrooms and bathrooms, and the perfect lot.https://rentalincomepodcast.com/episode498

Robert shares how he has built his portfolio by buying properties under $50,000 in areas with high rents and a solid tenant base.Robert's properties were built in the 1950s and have only needed a little maintenance.On this episode, we look at the numbers for one of Robert's deals and figure out his net cash flow.'We also figure out if there is a downside to his investing strategy.Robert also shares how he manages his properties remotely from out of state and his experience with self-showings.https://rentalincomepodcast.com/episode497

Joel has been investing in rentals for over 40 years and has figured out some simple things investors can do to make more money from their rentals.Some of the topics we cover on this episode:The most important element in building wealth with rentals.Why he doesn't think of maintenance as an expense?How can he get higher rent than similar properties?This one thing determines your success and happiness as an investor.How he saves time by weeding out candidates before he shows the property.Should you rent to people with pets?How to use collection agencies to collect unpaid rent.https://rentalincomepodcast.com/episode496

Annie had long considered buying a rental property, but she and her husband recently decided it was time to buy their first rental.On this episode, we discuss how Annie found the property, how they came up with the down payment money, and look at the numbers for the property.Her property had existing tenants. We talk about the information the seller gave her about the tenants before closing and how the tenants have worked out.We also talk about opportunities that Annie has to increase the future cash flow on the property.https://rentalincomepodcast.com/episode495

Nick shares how having an emergency fund helped him pay for expensive repairs to some of his rentals.He talks about how much he spent on the repairs and why he didn't file an insurance claim.We also discuss Nick's rule of thumb for figuring out how much money to set aside for emergencies.Nick also talks about how his income at his day job has been reduced recently and how having a combination of an emergency fund and cash flow from his rentals has helped him survive this period.Thanks To Our Sponsors:The Guarantors - Protect your property against losses rent defaults, vacancies, lease breaks, damages, and more. All without increasing your operating expenses.Ridge Lending Group - Mention Rental Income Podcast for a $250 credit at closing. https://rentalincomepodcast.com/episode494

Jeff shares how he built his portfolio of over 100 rental units, by buying smaller apartment buildings, letting them appreciate. Then 1031 exchanging them for a bigger property in a better area.Jeff also shares why he doesn't invest in his local area.We talk about how he does this with the help of a team, how he figured out the area he invests in, and why he likes investing in multi-family properties vs single families.Jeff also talks about how working with the right people has helped him find deals, buy properties sight unseen, and manage and fix up properties." target="_blank" rel="noopener">https://rentalincomepodcast.com/trading-up-to-better-rentals-with-jeff-berlin-episode-493/Thanks To Our Sponsors:Take your personal data back with Incogni! Use code RENTALINCOME at the link below and get 60% off an annual plan: http://incogni.com/rentalincome Ridge Lending Group - Mention Rental Income Podcast for a $250 credit at closing.

Nick shares how he has built his rental portfolio by building equity in rental properties and then using a line of credit to tap into that equity to buy and fix up the new properties.We also talk about how he used 15-year mortgages to build up equity faster. Doing this, in combination with the market appreciation over time, has helped him build equity that he has used to help him grow his rental portfolio.Nick also reviews the numbers for a recent deal. We go over the numbers, and he explains how the financing works.https://rentalincomepodcast.com/episode492Thanks To Our Sponsors:Take your personal data back with Incogni! Use code RENTALINCOME at the link below and get 60% off an annual plan: http://incogni.com/rentalincome Ridge Lending Group - Mention Rental Income Podcast for a $250 credit at closing.

Caeli Ridge shares the latest news on the mortgage market.We discuss where rates are headed and how this will affect rental property investors.Caeli shares today's rates, and we go over a payment example.Caeli also talks about how much money investors would save if rates come down more.We also talk about a creative strategy to save money on interest.Contact Caeli:855-74-RIDGERidgeLendingGroup.com

Terry Kerr and Liz Nowlin of MidSouth Home Buyers share how they help people invest in rentals by doing all the work for them.They find a distressed property, do a full renovation, find a well-qualified resident, and then sell the property to an investor.MidSouth also continues to manage the properties for their investors after the sale.Everything Is completely done for the investor.Do you think it sounds too good to be true?It's not. Dan Lane has bought four properties from Terry and Liz over the last seven years and has had a great experience.On this episode, we go into detail about exactly how this works; we also talk about what the neighborhoods and what the properties are like, the guarantees that come with every property, and the little details that MidSouth does to help make the investment profitable.Dan also shares his experience and we look at one of his rentals and go over the numbers. https://rentalincomepodcast.com/episode491Midsouth Home BuyersThanks To Our Sponsor:Ridge Lending Group - Mention R