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

Marky bought a property thinking he would be able to renovate it in about a month. Unfortunately, things didn't go according to plan, and the BRRRR has taken longer to complete.On this episode Marky shares how he dealt with problems, including problems with the city, contractors, material delays, and going over budget.Marky shares what he has leaned, how he navigated the issues and what he will do differently next time.

Greg has been buying rentals on his own, but for his latest deal, he formed a partnership with his sister and her husband to buy a four-unit building.On this episode, we talk about how they set up the partnership legally, and how much money they each invested. We also talk about their financing and their long-term plan for the investment.https://rentalincomepodcast.com/episode403

David shares his strategy of buying occupied properties, and slowly rehabbing them as tenants turnover. When the units are rehabbed, he's usually able to raise the rent by about 50%.We also talk about the best bedroom/bath setup for a rental, how to find a mentor, and how he bought his first rental property when he was 16.https://rentalincomepodcast.com/episode402

Kyle shares how he educated himself about investing in rentals, and took that knowledge and put it to use in building his rental portfolio.We talk about how many rentals he has, what he's looking for in a property, and how much he targets to make per rental.We also look at two of his deals: a good one, and one that had a lot of trouble.https://rentalincomepodcast.com/episode401Thanks To Our Sponsors:Ridge Lending GroupThe Guarantors

Jesse shares some good and bad experiences he's had owning rental properties. We talk about how he got hit with two big repairs back-to-back, and how an emergency savings account helped him survive that financial hit.We also talk about how Jesse's rentals have become more profitable as time has gone by, and how an experiment converting some of his rentals to Airbnb worked out.

On this episode we take a look back at some of Dan's favorite moments from 2022.We listen in on investors that have reached financial freedom from buying rental properties, we hear about a unique financing strategy, and look at the numbers.Links to listen to the entire episodes featured:https://rentalincomepodcast.com/episode399

Nick shares his strategy of buying cheap single-family properties, doing minor repairs, renting them out, and eventually selling them and using the profit as his down payment on a bigger and better property.We talk about a recent example of how he bought a house and after five months sold it and used the profit as a down payment on a 12 unit apartment building.Nick also shares the numbers for his entire portfolio including total rent, mortgage payments, expenses and total cash flow.https://rentalincomepodcast.com/episode398

Carey couldn't find properties that cash flowed, so he decided to build his own.On this episode Carey walks through the entire process from what kind of land to look for, how he gets the town to bring utilities to the property, and how he eliminates his risk of cost overruns during construction.We also take a look at his numbers, including the construction cost, mortgage payment, expenses, and his profit.

Pat shares his story about how he started out buying cheap, run down properties in bad areas. The numbers looked great on paper, but they never actually made him any money.Pat sold those properties and bought really nice properties in great areas, where the numbers didn't look as good. Those properties have ended up making him a lot more money.We also talk about the unique way he financed his purchases.https://rentalincomepodcast.com/episode396Thanks To Our Sponsor:https://www.theguarantors.com/incomehttps://ridgelendinggroup.com/

Brian buys shells in "C" class neighborhoods, does a full gut remodel, and turns the property into three one bedroom suites.Doing this enables him to charge more rent while at the same time providing affordable housing in a working class neighborhood.On this episode, Brian talks about how he manages his properties including the technology that he uses to help resolve tenant disputes and how he handles common area cleaning.Brian also shares his numbers including purchase price, rehab budget, mortgage expense, typical expenses and his cash flow.https://rentalincomepodcast.com/episode395

Tyler shares his experience buying two rentals with a partner. We talk about how much money each partner invested and how they split the work.We also look at the properties Tyler and his purchased and review his numbers. Including total rents, purchase price, mortgage payments, expenses, and how much profit they generate.https://rentalincomepodcast.com/episode394

Elaine shares her "boring" strategy of buying cheap rental properties, fixing them up, and providing great customer service to her tenants.Elaine did this over and over again until her rental income covered all of her living expenses.On this episode, Elaine talks about why she keeps working and investing her money into growing her rental portfolio.We also talk about why providing good customer service to her residents is so important.https://rentalincomepodcast.com/episode393

Rising interest rates has made it difficult to make the numbers work on a rental deal.On the first part of this bonus episode, Larry Myer, who has been investing in rentals for 40 years, shares how he has invested in times of higher interest rates.On the second part of the show Caeli Ridge shares from a lenders perspective how to invest today. She also talks about some loan programs she has that provide lower payments to help make the numbers work.Contact Caeli:https://ridgelendinggroup.comThanks To Our Sponsor:https://www.theguarantors.com/income

Daniel shares his experience renting to travel nurses, who come in town to work on three month contracts.He shares how much more money he makes doing this vs renting to a traditional long term tenant.We talk about the types of properties he's been buying, and look at his numbers (what he paid, mortgage payment, other expenses, and his cash flow).Daniel also shares how he screens his tenants, and how close to the hospital your property should be.https://rentalincomepodcast.com/episode392

Luke lives in an expensive area, and couldn't make the numbers work on any rentals near his home.He found an area about an hour and a half away where the properties were cheaper, and he could get a good return.During the interview, Luke shares three things that he is doing with his rentals that make Dan Lane very nervous.https://rentalincomepodcast.com/episode391

Larry doesn't have any worries about what happens to the real estate market or the economy because he owns his properties free and clear.On this episode, we talk about the strategies that he used to pay off his properties. We also talk about the types of properties he buys, and why he decided a smaller portfolio was better than a bigger one.https://rentalincomepodcast.com/episode390

Jake shares how he bought a property without seeing the inside from an auction website.The former owner was still living in the property when Jake closed on it. We talk about how Jake was able to get him removed from the property, and what he spent to rehab the property.Jake also shares the numbers from his 10 unit portfolio, including total rent collected, mortgage payments, and how much Jake sets aside for repairs, capex, and vacancy.We also talk about Jake's strategy of using 15 year mortgages to get the properties paid off faster.

On the first part of this episode Attorney Nic McGrue details the process landlords need to follow to garnish wages or take money out of a tenants bank account if a tenant doesn't pay rent.On the second part of the interview, landlord Jan Gaweda shares his experience with garnishing the wages of two former tenants that stopped paying rent. He talks about his experience with the legal process, how things worked out, and how much back rent he collected.https://rentalincomepodcast.com/garnishmentThanks To Our Sponsor:https://www.theguarantors.com/income

Nick talks about how his rental income covers his basic living expenses (mortgage payment, utility bills, food, insurance, etc). Not having to worry about earning that money every month, has given him and his wife the freedom to start businesses and to pursue their interests.Nick shares the numbers for his portfolio, including total rental income, mortgage payments, expenses and his profit.We also look at the numbers for a recent property he purchased.https://rentalincomepodcast.com/episode388

Tom shares how he invests in cheap properties (about $10k) in a small town of about 5,000 people.We talk about how he has found deals off the MLS and from sheriff's sales. How he finds quality tenants and contractors, and how he finances his purchases.We also talk about how he pays for major expenses, and the pros and cons of investing in a small town.https://rentalincomepodcast.com/episode387