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

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 outrightWe 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 Rentals2 Ways To Save For A Down PaymentA Smart Way To Rehab RentalsHow To Find High-Quality TenantsWhy Your Numbers Don't Have To Be 100% ExactHow 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.