Rental Income Podcast With Dan Lane

Jerry just closed on his first deal and on this episode we walk through exactly how he got started. We talk how he researched getting started, how he found his first deal, what he needed to do to get it ready, and how he found his first tenants.

Will talks about how he has been buying properties with just a little money out of his pocket, fixing them up, and then doing a refinance into a commercial loan. We talk about a mistake he made early on that cost him $7,000. We also talk about how he built a relationship with a bank that will allow him to continue to build his portfolio.

My guest found an incredible deal on a rental. It was a great price, and it great shape. But, Margaret did some research and found out that the house was a former meth house and wasn't safe for anyone to live in. On this episode, we talk about how she figured out the history of the house, what she needs to do to make the house safe, and how you can avoid buying a meth house.

My guest today has had some really bad things happen to him while owning rentals. He's been talking advantage of by tenants, sued by his first tenants, and ripped off by contractors. Even with all the bad things that have happened to him, he still loves owning rentals and thinks they are a great investment. On this episode we talk about how he dealt with issues and has gone on to build a great rental portfolio.

Troy talks about how he got started buying rentals right out of college. We talk about how he did his first couple of deals with no money or credit. Today Troy owns 4 properties and generates enough rental income that it has almost replaced his wife's income.

My guests today weren't happy with the service and the cost of their property manager. They decided to fire their property manager and put systems and a team in place, so they can manage their properties remotely from another country. Doing this saves them $5,000 a month.

We talk about the different types of policies landlords need to protect themselves, different coverages landlords should consider adding, and why landlords should require tenants to have renters insurance.

Forrest started buying rentals in the early 2000's, when Great Recession started he knew that the market was going to change. He quickly adjusted and made a huge change that helped him survive and profit from the recession.

I talk to 2 different tenants about what it's like to be a renter. The first tenant is in a C- or D class neighborhood, and the second is in a B class neighborhood. We talk about how they found the properties, what the screening is like, and how the manager has dealt with any issues they have had.

We talk about how to get qualified for a rental, how to get the financing to build a portfolio, and we talk about a case study of an investor that started with no rentals and how they were able to build a large rental portfolio in just 2 years

My guests today share how they were able to replace their W2 income with rental income. Today Kenji works part-time, and Letizia works full-time because they enjoy their jobs, and they want to work, not because they have to. They also share info about a program that they use that provides them with tenants that pay above market rent.

We talk about a government program that is providing housing to homeless vets. We talk about how Kirby is finding properties, fixing them up, and then the government places tenants and pays their rent.

We talk about what you need to get a judgement, if you can garnish wages, other ways to collect, and when it may not be worth it.

Marco shares the top 4 markets for cash flowing rental properties. We talk about price points to purchase properties, average rents, and what makes each market a good investment

Mike tells his story of how he lost several houses to foreclosure during the last market crash. We talk about what he learned, and how he has changed his buying criteria to avoid this from happening again in the future. Mike has since built a large portfolio and today he supports his family off the rental income his rentals generate.