Jeremy's income can vary from month to month. He never knows how much money he will earn. He occasionally has a bad month where he earns no income. In the good months, his paycheck covers his bills, but in the bad months, his rental income is there to cover his bills. On this episode, Jeremy shares how he generates over $7,000 monthly gross income with just a few rental properties. We talk about how Jeremy started by house hacking while still in college, and he shares how he has financed the res...
May 06, 2025•27 min•Ep. 520
Dennis shares that when he started buying rentals, he was a barber charging $13 for haircuts. On this episode, Dennis walks us through how he built his rental portfolio. Dennis shares how he saved the down payment money to buy his first rental, and the mistakes he made purchasing that property. Dennis also shares how the mistakes he made buying his first property helped him buy a better property for his next rental property. We discuss the criteria he uses to purchase a rental property and the i...
Apr 29, 2025•25 min•Ep. 519
Sabhya started buying good properties in good neighborhoods. Everything was working great. The properties were making money, and the properties were easy to manage. Sabhya saw he could buy cheaper properties in a less-than-great area and earn better returns. After owning the properties, he found that the cheaper properties had higher expenses than he estimated, and he wasn't making the money he hoped. On this episode, we discuss some of Sabhya's issues and how to be successful with cheaper renta...
Apr 22, 2025•22 min•Ep. 518
Bob started buying rentals three years ago. After building his portfolio to 33 doors, he realized that his properties had appreciated a ton, and he wanted to cash out and capture his equity. Six months later, he realized he made a mistake by selling and started repurchasing rentals. On this episode, we talk about how Bob sold his portfolio, why he decided to start investing in a different area, and what he's buying today. We also see how things worked out for him tax-wise by selling his portfoli...
Apr 15, 2025•20 min•Ep. 517
A one-month security deposit works great if your tenant pays rent and doesn't cause much damage. But if your tenant doesn't pay or causes a lot of damage, you could be out thousands of dollars. On this episode, Frank Jachetta explains how TheGuarantors removes this risk from the landlord with an insurance policy. We discuss how this unique policy works and the difference between rent coverage and landlord insurance, and Dan Lane shares how much his tenants have paid for coverage on his propertie...
Apr 10, 2025•18 min
Pat started buying rentals by house-hacking a 4-unit building while working as a server at the Olive Garden. He was living free and profiting several hundred dollars a month. After seeing that everything was working out, he bought more rentals using the BRRRR strategy. As he grew his portfolio, he found it was getting easier. He just kept buying more properties. On this episode, Pat shares what a perfect rental looks like, why he doesn't like 30-year mortgages, and how he financed his portfolio....
Apr 08, 2025•24 min•Ep. 516
Christopher built his rental portfolio without having to save cash for down payments. His primary house appreciated, he took that equity and put it to work by using it as down payments to buy rentals. One of his rentals appreciated over a period of a few years. He sold that property and used the equity to buy a better property. On this episode, we walk through how he built his portfolio without having to come up with any cash. https://rentalincomepodcast.com/episode515 Thanks To Our Sponsors: Mi...
Apr 01, 2025•21 min•Ep. 515
Traveling and freedom have always been important to Suzanne. On this episode, Suzanne discusses how her 18 rental units provide a stable monthly cash flow, which allows her to travel whenever she wants. Suzanne shares that she never had a high-paying job but has always been good at saving money. That, in combination with house hacking, has allowed her to save down payments to buy properties. We also talk about how she has invested in different areas for different reasons. Some properties provide...
Mar 25, 2025•22 min•Ep. 514
David thinks investing in rental properties doesn't have to be complicated or stressful. He said if he can do it, anyone can do it. He's been buying nice single-family homes in good neighborhoods. Most of his properties don't need any rehab work. Just a good cleaning. On this episode, David shares more about what he is looking for in a rental property and how he's been buying them with only 5% down. https://rentalincomepodcast.com/episode513 Thanks To Our Sponsors: Ridge Lending Group Making inv...
Mar 18, 2025•23 min•Ep. 513
Cory's job transferred him. He knew he would return in a few years and liked his house, so he decided to rent it until he moved back.. After a few months, he saw that it wasn't difficult to manage from out of state and liked the cash flow, so he decided to buy more rentals. In this episode, Cory explains how he came up with the money to buy more properties and why he likes using a property manager. We also look at the numbers for one of his deals. https://rentalincomepodcast.com/episode512 Thank...
Mar 11, 2025•22 min•Ep. 512
Terry started investing in rentals at 55, and Odest started investing when he was 27. They were both at different stages of their life and had different experiences they brought to the table. On this episode, we figure out their strategies for investing in rentals and see if being older or younger helped or hurt them in their investing. We also discuss if not investing because you are too old or too young is a valid thought or a limiting belief. Thanks To Our Sponsors: Fundrise Flagship Real Est...
Mar 04, 2025•28 min•Ep. 511
When Jim started buying rentals, he decided to buy one a year and put it on a 15-year mortgage. The downside to this strategy is that you have a larger mortgage payment and less cash flow today. The upside is that you build property equity much faster than you would with a 30-year mortgage, and in 15 years, you own your property free and clear. On this episode, Jim shares how he was able to take the equity from one of his properties and buy three properties, and in the process, tripled his cash ...
Feb 25, 2025•22 min•Ep. 510
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:/...
Feb 18, 2025•23 min•Ep. 509
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/episode508 Thanks To Our Sponsors: Rental Tri...
Feb 11, 2025•29 min•Ep. 508
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:...
Feb 04, 2025•20 min•Ep. 507
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 fro...
Jan 28, 2025•24 min•Ep. 506
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...
Jan 21, 2025•24 min•Ep. 505
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...
Jan 14, 2025•27 min•Ep. 504
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 st...
Jan 07, 2025•27 min•Ep. 503
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 goin...
Dec 31, 2024•23 min•Ep. 502
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 ho...
Dec 24, 2024•25 min•Ep. 501
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.
Dec 17, 2024•26 min•Ep. 500
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 p...
Dec 10, 2024•21 min•Ep. 499
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 coll...
Dec 03, 2024•23 min•Ep. 498
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...
Nov 26, 2024•21 min•Ep. 497
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. S...
Nov 19, 2024•24 min•Ep. 496
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 fut...
Nov 12, 2024•21 min•Ep. 495
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...
Nov 05, 2024•23 min•Ep. 494
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 fin...
Oct 29, 2024•21 min•Ep. 493
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 ...
Oct 22, 2024•25 min•Ep. 492
