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

Chris had a lot of potential tenants that weren't very serious about renting from him. To eliminate the tire kickers, Chris started making people interested in viewing the property fill out a full application and pay an application fee before seeing the property.On this bonus episode, we talk about how this works, and how it's been working out for Chris.

John talks about what investors should be looking for in rental properties, and what he's looking for.We also talk about the 1% rule, and if this is still a good benchmark to evaluate rental properties, and other factors that investors should consider.

Ashish from investorfriendlycpa.com explains how rental property investors can save money on taxes with real estate professional status.We talk about what it is, how to qualify, and rules that investors need to be aware of.

Curtis shares the numbers behind his 8 unit portfolio. We talk about his gross rents, expenses, and his monthly profit.We also talk about how he finds traveling nurses, how he manages his properties, and how he does his leases.

On this bonus episode, Dominic shares details of a recent rental he purchased.We talk about how he found the property, what he paid, details of his rehab, and we go over his numbers.

Bryan shares how he had a rough start buying rentals. It took him 3 years to turn around his first 4-plex.On this episode, we talked about how he turned things around, raised rents, and turned a building with a lot of deferred maintenance into a property with great cash flow.Bryan recently closed on his second property. We talk about how he used the equity he created with his first property to buy his second.

Josh wanted to invest in rentals, but the numbers didn't work in the area that he lives. Real Estate is too expensive, and the rents aren't high enough to make a profit.On this episode, Josh talks about how he found a less expensive area, and with the help of a good Realtor he has been able to buy rentals and build monthly passive income

Farris talks about how he finds great tenants for his rentals. We talk about the number one thing that investors can do to attract good tenants.We also talk about where he advertises his rentals (and where he doesn't), how he does showings, how he does pre-screening, where he goes for online screening and other things he looks for in his screening process.

Matthew & Kim share how they are working towards replacing their W2 job income with a small rental portfolio.On this episode, we take a look at where they are now, their current rental income, and talk about their plans to pay off their entire portfolio.We also talk about how their old school way that they manage their rental portfolio without any online software or technology.

Kori talks about how he is building out his rental portfolio the same way he would start a business.On this episode, we talk about how he raised money from partners to buy properties, and how he has set everything up to buy and manage properties without him having to be in the same city as his properties.We also talk about his plans to build a big rental portfolio with the plan of eventually selling it off for a profit.

Mike is buying a duplex where the current owner has long-term tenants and hasn't raised rent in a long time. He isn't sure if he should raise rent, and risk the tenants leaving or keep the rent the same and keep the tenants.On this episode, we get opinions from several landlords to help Mike decide what to do.

Caeli Ridge shares some good news about the mortgage market that is going to mean lower rates for investors.

Farris started buying rentals on his own, but recently decided to partner up with a friend to continue to grow his rental portfolio.On this episode, we talk about how they set up their partnership to avoid duplicating work, what to look for in a good partner, and we talk about two recent deals that Farris and his partner purchased.

Ashish from InvestorFriendlyCPA.com answers a listener's question about if buying a rental in another state will help him save money on his state taxes. We also talk about if owning a rental in another state can help you save money on taxes.

Quentin wanted time and location freedom, and he figured that if he bought enough cash flowing rentals they would give him freedom. On this episode, we talk about how much rental income he needed to replace his W2 income,and how many rentals he needed to get to that number.We also talk about the kind of properties he bought, and how much cash he needed to invest to build his portfolio.

Eric talks about how he got started by turning a condo that he lived in into a rental. He rented thre property out for a few years and was making about $300/month. Recently, he sold that property and moved the equity to a 4-Plex using a 1031 Tax-Deferred Exchange, and increased his cash flow to $1,200 a month.

Anthony talks about what he looks for in a rental property, and the simple math that he does to evaluate potential deals.We look at one of his recent deals, and he shows us the numbers that he's looking at to see if a deal makes sense

Ramon shares how he set a goal to buy 50 rentals thinking that if he built a big rental portfolio he would make a lot of money.But, things didn't work out that way. He ended up not making money and losing his properties to foreclosure.On this episode, we figure out how things went bad and how he was able to build a smaller portfolio that is way more profitable.

Corey and Bethany did the math to figure out how much money they would need to save for down payments to build a big rental portfolio and felt discouraged. They figured out it would take them years to save enough money.They wanted to get started today, so they had to figure out another way.On this episode, they share how they got the money to get started.

Mekkel shares how he was able to go part-time at his job because of his rental income.On this episode, we talk about his portfolio of 5 rental units, and look at the numbers. We also talk about how he came up with the down payments to get started.