Jarrod shares how his uncle purchased rental properties in the 1940's for a few thousand dollars, and how these properties have been passed down to the younger generation. Today these properties have appreciated by millions of dolllars and provide income for Jarrod and his family. Jarrod also talks about how he has taken the equity in the properties to buy more properties, how he minimizes his risk of non-payment and property damage by tenants, and the software that he uses to manage his propert...
Feb 07, 2023•23 min
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.
Jan 31, 2023•25 min•Ep. 404
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
Jan 24, 2023•20 min•Ep. 403
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
Jan 17, 2023•20 min•Ep. 402
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/episode401 Thanks To Our Sponsors: Ridge Lending Group The Guarantors...
Jan 10, 2023•23 min•Ep. 401
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.
Jan 03, 2023•22 min•Ep. 400
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
Dec 27, 2022•21 min•Ep. 399
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://re...
Dec 20, 2022•22 min
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.
Dec 13, 2022•22 min
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/episode396 Thanks To Our Sponsors: https://www.theguarantor...
Dec 06, 2022•27 min
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, m...
Nov 29, 2022•23 min
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
Nov 22, 2022•23 min
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...
Nov 15, 2022•27 min
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.com ...
Nov 10, 2022•16 min
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...
Nov 08, 2022•24 min
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
Nov 01, 2022•24 min•Ep. 391
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
Oct 25, 2022•22 min
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 mortg...
Oct 18, 2022•24 min
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/garnishment...
Oct 13, 2022•16 min
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/episode38...
Oct 11, 2022•24 min
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
Oct 04, 2022•22 min
Listen in as Caeli Ridge from Ridge Lending Group consults with Chris, who is a new investor on how he can go from owning one rental to building a portfolio of rentals that net him $8,000 a month. Chris has access to a HELOC on his primary residence that he wants to use to help fund his rental purchases. Caeli shows Chris where he needs to bring his credit score, how he can refi without having to wait for a 6 month seasoning period, and shows him what a hypothetical portfolio would like like. Co...
Sep 29, 2022•26 min
Kori raised money from a group of friends and formed a partnership to buy rentals. On this episode we talk about how he is buying and rehabbing properties without being in the same city as his rentals. We also look at the numbers for one of his deals, and take a look at the numbers for his entire portfolio and figure out how much they are netting after all expenses. https://rentalincomepodcast.com/episode386...
Sep 27, 2022•25 min
To mark the 8-year anniversary of the Rental Income Podcast, a frequent guest of the podcast, Mike Grams, interviews Dan Lane. Dan shares how he got started buying rentals, and how his team helps him buy rentals without Dan having to physically be inside his properties. Dan also talks about his criteria for buying rentals and shares his advice to new investors.
Sep 20, 2022•22 min
Jesse shares how landlords can have tenants buy insurance instead of paying a security deposit. This insurance would protect a landlord from lost rent if the tenant ended up being evicted as well as tenant-caused damage to the property. On this bonus episode, we learn how this insurance works and see if there is a downside for landlords or tenants. www.theguarantors.com/income
Sep 15, 2022•18 min
Gabriel shares the details of his first two rental purchases, and how they looked great on a spreadsheet, but they didn't work out in real life. We talk about what went wrong and figure out if Gabriel could have done anything differently to have made things work out. We also talk about how Gabriel got out of these bad situations and actually made a profit. We also talk about how the lessons he learned have made him a better real estate investor. https://rentalincomepodcast.com/episode384...
Sep 13, 2022•26 min
On this episode, my guest shares how you don't have to build a rental portfolio and keep it forever. As things change in life you can change the properties you own. We talk about how my guest built a portfolio of 30 apartments. As he got older, he wanted newer properties and fewer tenants. He sold the apartments and bought 7 single-family houses that produced the same cash flow. My guest also shares how he used leverage to build his portfolio, and how he paid them off.
Sep 06, 2022•23 min
Tom shares how he took the money that he had in an old 401(k) retirement account and started buying rentals with that money. On this episode, we talk about how Tom set everything up, how he got a mortgage in his retirement account, and some of the IRS regulations you need to be aware of. https://rentalincomepodcast.com/episode382
Aug 30, 2022•21 min
Zach lives in an expensive area where a duplex would have cost him $400k or more. On this episode, Zach shares how he bought a duplex for $92K by looking out of state. We talk about how he found the area he's investing in, how he found the property, and how he manages the property from halfway across the country. Zach also shares how much he paid for the property, his expenses, and monthly cash flow.
Aug 23, 2022•24 min
Marvin owns a mix of single-family homes, apartments, Airbnb's, and mixed-use buildings. He doesn't have time to self-manage his properties, so he's outsourced the management to property management companies. On this episode, we look at the numbers for his properties, including what he paid, how much they rent for, what his mortgage payments are, how much he pays his managers, how he budgets for repairs, and how much he profits from each property. https://rentalincomepodcast.com/episode380...
Aug 16, 2022•24 min
