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

Grayson and Danielle are able to live for free because the rent from the three tenants in their 4-plex more than covers the mortgage.They also own another 4-plex and a single-family home that generates enough income that Danielle was able to leave her job.On this episode, we talk about the creative way that they found their properties, how they financed them, and how they generated some quick cash for a down payment.

Darren shares exactly how he has built his portfolio using the BRRRR strategy. He shares the steps that he took to line up the financing to build his portfolioHe also tells us the two things that you want to make sure you spend money on when you are fixing up a property, and he does not spend money on.We talk about what he is looking for in a potential deal, and how he finds them.

Jennifer was staying at home with her daughter and didn't want to go back to work. She figured out that if she could buy rental properties that generated passive income, she could earn enough money without having to work full-time.On this episode, we talk about how she has automated her business to the point where it doesn't require too much of her time.

Kevin shares some inexpensive things that he does with his rentals to get higer rent. He also shares what he did to tenant proof his rentals to reduce his maintenance and turnover costs, and some of the ways that he has outsourced the management of his rentals without hiring a property manager.

There are lots of little things that investors can do to make their rental properties more profitable. Mike is an investor and a property manager, and on this episode he shares several tips to make your rentals more profitable.

Rennie was broke and had no retirement plan at 50. He found a partner and started buying rentals with the hope of generating some money so that he could retire someday. His plan worked and today he is lives off his rental income. On this episode we talk about how he did it.

On this episode we talk about the types of properties Randy has found make the best rentals, and what he is currently looking to buy.In all the years Randy has been investing, and after renting to thousands of tenants, he's never had to evict a tenant. We talk about his secret to only having good tenants.We also talk about how he screened and how he manages his property managers.He also offers advice on how you can survive and grow during the next recession.

It can be tough to make money renting condos because the condo fees usually eat away the profit. But, my guest today has figured out how to make money renting condos. He has built his porfolio only buying condos. On this episode he shares how he profits $7,000 a year on average on each condo he rents out.

Rob owns some rentals that on paper should have made him a really good return. But, they haven't performed as he had hoped. He's just broken even on them.He has another group of rentals that shold have made an average return on paper, but they have ended up made him a millionaire.On this episode, we talk about what went wrong with the first portfolio, and why things work out so great on the second portfolio.

Brad talks about his strategy of buying rentals, keeping them for 5 years, and then selling them for a profit. We also go over his system that makes it really easy for him to manage his rentals while working full-time.

Marlon shares how he got started investing a year ago, and now makes about $2,300 a month in rental income. We talk about how saved the money to get started. We also talk about how he manages his rentals, while working a full-time job.

Kayla shares where she looks for off-market deals, how she markets to them, and what she says to them to convince them to see their property to her. She also shares how she is able to finance properties at 0% interest.

Steve shares his get rich slow plan that enabled him to quit his corporate job and live off rental income. We talk about how he got started, and how he slowly built his rental portfolio by buying rental properties with cash. We talk about how he is generating big chunks of cash that enable him to continue to buy more rental properties.

Mike didn't know a lot about rentals or even have a clear plan on how he would one day be able to quit his job and live on his rental income. On this episode, we talk about how he figured out how to buy rentals with no money and eventually build a rental portfolio of over 70 rentals.

Our guest tells her nightmare story of buying a property from a turn key company. The company promised that she was buying a newly rehabbed property with a tenant in place. In reality, the property was not rehabbed and there was no tenant.On this episode, we talk about what happened, and how you can avoid making the same mistakes.

Nathan talks about how he got started buying real estate to live in with a low down payment. After a few years, he bought a new house and turned his old house into a rental. He did this a few times.After the real estate market crashed in 2008, he saw a lot of opportunities and started buying properties as rentals.

Kamren shares how he bought a lot without a plan on how he was going to make money with it. A few months later bought a mobile home and started rented it out. Things worked out, and he did 2 more transactions in the last year. On this episode, we talk about how he's financing his purchases, how much he makes off each rental, and figure out if there is a downside of investing in mobile homes.

Rich talks about how bought too many rentals when he got started in real estate. His rentals were costing him more than he expected. He had too many repairs, and issues with tenants not paying. He figured out that half his rentals were causing the majority of his problems. He decided to sell off half of his portfolio. Today he has a much smaller portfolio that is easier to manage and way more profitable. Today, his smaller portfolio generates enough cash flow to support him and his family.

CJ talks about how he got started buying college rentals with a partner. We talk about how his partnership is set up, and the roles of each partner. We go over the numbers for his deals and figure out if college rentals are more profitable than renting to traditional tenants. We also talk about the challenges with the management of students, and some of the lessons that he has learned.

Mike shares his incredible journey from waiting tables and knowing nothing about real estate to owning 60 properties without mortgages.He tells us how he was able to pay off all his rentals in shorter than 30 years, and his secret to managing his portfolio with very little effort.