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

Joe has invested in both local rentals, that he self-manages, and out of state turnkey rentals. The turnkey rentals were fully rehabbed, had a tenant in place, and property management was provided by the turnkey company.On this episode, Joe shares his experience with buying turnkey rentals and shares how they have actually performed for him.He also shares the minimum price to rent ratio an investor needs to be profitable with turnkey and the number for a self-managed property.

John talks about how he found a run-down apartment building, fixed it up, and was able to raise rents over $10K a month.After the project was done he was able to refinance and get all of his money back.On this episode, we talk about exactly what he did, how he overcame a few challenges, and his numbers.

Ann and her husband made a plan to replace their job income with rental income. They slowly started buying rental properties and building their rental income.Eventually, they built enough passive income to replace their job income, and today they don't have 9 - 5 jobs. They are able to spend time with their kids, travel, and do what they want to do with their time.On this episode, we figure out how Ann did it.

Brendan explains the basics of a 1031 in an easy to understand way.We talk about the deadlines investors need to be aware of, and several situations that investors may find themselves in.Brendan explains how to do a 1031 with partners, what happens if you own a property in an LLC, and how you can take some money out during the 1031.He also shares 2 ways investors can avoid paying capital gains tax.

Larry talks about a recent property that he purchased for $500. We go over his rehab budget, and what the property rented for.We also talk about the neighborhood that his properties are in. (hint: it's not a horrible neighborhood).And how he screens and manages his tenants.We also talk about how he screens and manages his tenants.

Husband and wife team Darrell and Ana have been buying rentals for a few years. They have had a lot of good things happen with their rentals, but they have also had some challenges with tenants, major expenses, rehabs, and financing. On this episode we take an honest look into their portfolio and talk about the good and the bad of owning rentals.

Chris thought he wanted to own a few properties free and clear. After he did it, he realized that he didn't want a few rentals. He wanted to own a portfolio of rental properties, and he wasn't going to be able to do it without using mortgages.On this episode, we talk about why he changed his thinking and how using debt has made him a better investor and landlord.We also talk about some of the challenges he has faced as a landlord, and how he overcame them.

The biggest expense we have as landlords is when you have a turnover. Usually, something needs to be fixed or replaced. You may have some vacancy between tenants, and you may have to pay a commission to place a tenant.My guest today has an incredibly profitable portfolio because her tenants don't leave. Her average tenant stays for 8 years.That didn't happen by accident or because she had good luck. On this episode, we find out what she is doing to keep tenants for so long.

On this episode of the podcast, Edwin describes how he bought properties and used the cash flow that those properties generated to buy more properties. The more properties he bought the bigger his cash flow became, and the more properties he could continue to buy.We also talk about the hidden way that rentals helped him build wealth, and some of the things he has done to make his rentals more profitable.

John shares how he built his rental portfolio without any debt. We talk about how he saved the money to buy his rentals with cash.He also goes over the numbers for one of his recent rentals, and he talks about why he only buys properties in really good neighborhoods.

Randy and Jana share their unique strategy of leasing single-family houses to a charity that provides housing to special needs kids. Randy and Jana are not responsible for any child care or any of the activities inside the home.On this episode, they explain how the program works, the best type of properties to do this with, and what their experience has been like.

When Jens bought his first couple of rentals he made a few mistakes. He had a lot of trouble with the type of tenants he was attracting, and his repair expenses were a lot higher than he thought they should be.Pretty quickly, he figured out what he was doing wrong and he made some adjustments to his investing criteria.On this episode, we figure out what he did wrong, what he learned, and how that experience has made him a better investor today.

John shares how he figured out the math behind building a rental portfolio that generates him $20,000 a month in profit.We talk about how he built his portfolio without taking a lot of risk, and why he likes buying properties that don't require a lot of rehab work.

If you are in a tight spot financially, or you think you may be in the future, a mortgage forbearance might sound like the perfect solution.You take a break from your mortgage payments and you can catch up in the future when things are better.This sounds great, but there is a BIG downside to taking a forbearance.On this bonus episode, we talk about what will really happen, if you take a mortgage forbearance.

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.