Rental Income Podcast With Dan Lane

Pam has been investing in rental properties for 40 years, and also owns a property management company that manages over 1,000 rentals for other investors. Through that experience, she has figured out exactly what makes a profitable and low-hassle rental property. In this episode, she shares exactly what she's looking for when she buys a rental property. We also talk about some of the big mistakes that she sees investors make.

Section 8 and other rental subsidy programs can be a great way for landlords to receive guaranteed rent payments every month. But, there are some potential negative things to be aware of. On this episode, Rich Hudec, and investor who owns Section 8 properties, shares the good and bad of Section 8.

Chase wanted to start buying rentals, but he didn't have much money. The only rentals he could afford were really cheap rentals in a bad neighborhood. The returns looked great on paper, but a lot of investors have trouble getting this type of property to preform because they tend to have more tenant turnover and higher maintenance costs. On this episode, we find out how Chase's investment worked out, what he learned.

Chris has a full-time job, a wife, young kids, but he has somehow found time to buy a portfolio of cash-flowing rental properties. On this episode, we talk about how he built his portfolio, how he financed his rentals, and how he has automated the management of his rentals.

Jim has always been interested in buying rentals, but he never had the time to do it. After getting laid off in his 50's he needed to figure out how he was going to support his family. He decided it was time to start buying rentals. Jim didn't need a build a huge rental portfolio. He bought a few properties over a few years, and today he lives off his rental income. On this episode, he tells us how he did it, and the numbers behind his portfolio.

Brad had a ton of consumer debt. He followed Dave Ramsey's baby steps to pay everything off. Once he was debt-free, he decided that he was never going to borrow any money ever again. On this episode, Brad talks about how he only will invest in a rental if he has the cash to buy it outright We talk about why he thinks investing without debt is the best way to go, how he saved the cash, and how he has been using the cash that his rentals generate to buy more rentals.

Michael lives in a high cost and high tax area. This makes it very difficult to invest in rentals - but not impossible. In this episode, Michael talks about some of the challenges he has faced with investing and how he has been able to make things work. He also shares the type of properties that make the most sense in his area, and the challenges he has faced as he has rehabbed properties and managing his tenants.

Isaac had a plan to buy rentals in neighborhoods that were close to hot neighborhoods that have seen a lot of appreciation. After a few years of buying rentals, his bet paid off and his properties have appreciated. He decided that now was a good time to sell half of his rental portfolio. On this episode, we talk about how he decided it was time to sell, how he sold, and look at the numbers of one of his recent sales.

Chris had no money and no credit when he started buying rentals. He formed a partnership to buy rentals and he created a lot of equity with his partners. At some point, his partners wanted to cash out an sell the portfolio. Chris walked away with a pretty big check, but made a bad investment and lost everything. We talk about what Chris learned and how he was able to build a better portfolio when he had to start over from scratch.

On this episode we look back at some of the best landlord tips and advice from 2019. We talk about: How To Easily Self-Manage Rentals 2 Ways To Save For A Down Payment A Smart Way To Rehab Rentals How To Find High-Quality Tenants Why Your Numbers Don't Have To Be 100% Exact How To Pay Off Mortgages Quickly

Monie had a ton of debt, got divorced, and lost her job all at the same time. As soon as she got back on her feet, she decided that she was never going to rely on only one source of income again. She decided to buy rentals to have an additional source of income. On this episode, we talk about how she did it.

Jared is building a diversified rental portfolio. He has some rentals in a growing area where properties are appreciating at a pretty good rate. He also owns out-of-state properties in an area that isn't appreciating as quickly but produces great cash flow. When you put everything together, you get a diversified portfolio that is appreciating and producing monthly cash flow.

Chris shares his strategy to own 15 properties free and clear. We talk about how he's paying them off, and why he wants to pay them off quickly vs owning them with mortgages. Chris also shares how he bought his first property with no money, and his second with a small down payment. We also talk about mistakes he's made with tenant screening, and why he likes regular rentals better than Airbnb.

Eric has bought multiple rentals in other parts of the country, without seeing them in person. On this episode, we talk about how he researched good areas to invest in, found the best neighborhoods, and found properties to invest in. We also talk about how he manages the rentals without physically being in the same city.

Corey shares her slow and steady plan to buy rentals on this episode. She talks about how she has bought houses to live in, and as she outgrew the houses she would rent them out, and buy a new house to live in. We also talk about her numbers, the mistakes that she has made along the way, and how she has paid off a mortgage with just a little bit of discipline.