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

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.On this episode, Dean 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.