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

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 mortgages to get the properties paid off faster.

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/garnishmentThanks To Our Sponsor:https://www.theguarantors.com/income

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/episode388

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

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.Contact Caeli:https://ridgelendinggroup.com

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

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.

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

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

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.

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

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.

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

Ashish from investorfriendlycpa.com explains the difference between long-term and short-term rentals in the eyes of the IRS.He shares how you can save money on taxes with either strategy and a big tax benefit to owning both types of rentals.Mentioned on the podcast:Bonus: How To Save Money With Real Estate Professional Status:https://podcasts.apple.com/us/podcast/rental-income-podcast-with-dan-lane/id920898575?i=1000539976881

Joe shares how because of his rental income he's able to be selective with freelance work he takes on for his 9 - 5 job. He only takes on projects that he will enjoy doing, instead of taking on whatever he can for the money.Joe shares his gross rental income, mortgage payment amounts, typical expenses, and his net monthly cash flow.We also talk about how he got started buying rentals, and why he likes buying both long-term rentals and Airbnb's.https://rentalincomepodcast.com/episode379

Michael wanted to buy rentals, but he ran out of down payment money. He loved the idea of the BRRRR Strategy, but he's busy with his day job and doesn't have time to rehab properties. On this episode, he shares how he's been buying rent-ready properties, with none of his own money.We also talk about how he's finding properties, how he raised private money, and we talk about some of the risks to his strategy.

Andy and Erika share how they have been saving money for down payments to buy rentals. We talk about their criteria to buy a property, what they are looking for in a potential tenant, and how they divide the management of their rental portfolio.They also share their numbers for what their properties, what they are rented for, their mortgage payment, and their cash flow.

Pravin shares his gross rent, expenses, and net profit for each type of rental he owns. On this episode, we talk about how he financed his portfolio, how long it took him to go from $0 to $83,000 in rental income, and why he decided to use a strategy of buying some properties for cash flow and others for cash flow and appreciation.https://rentalincomepodcast.com/episode376

Tina is an investor that nets about $5k a month from her rental portfolio. She wants to get to $10k a month.This episode is a recording of a strategy session between Tina and Caeli Ridge.They talk about Tina's goals, and how her credit affects her plans. Caeli also looks at a potential deal, and comes up with a game plan for Tina.https://rentalincomepodcast.com/bonus-tina

On this episode Dan and Farris answer listener emails:1.) Is this a bad time to invest in rental properties2.) What are some of the best ways to find deals today?3.) Finding money to buy my next property has been a challenge. What are some ways creative ways to find capital?4.) Working with Realtorshttps://rentalincomepodcast.com/episode375