Rental Income Podcast With Dan Lane

Michael talks about how he's been able to increase his cash flow by turning the basement of a single-family home into a separate apartment. We talk about how he modified the basement, and how much it cost him. Michael shares what he needed to do to make the ADU legal, and how he deals with utilities. We also compare how much money he makes renting out the property with the ADU vs how much he would...

On this episode, we look back at the 5 best interviews of 2021. My guest talk about: * Building a rental portfolio for generational wealth * How to build a rental portfolio for retirement income * How he went from a newbie to $15K in rental income in just 2 years * The types of properties make the best rental, * A guest shares how he made some mistakes and ended up losing his rental properties to...

David talks about how it's really not that difficult to reach financial freedom from rental properties. We talk about how he calculated his freedom number, and how you can back into any income goal with some simple math. We also talk about how built his rental portfolio with just a few thousand dollars, and how he plans to get his portfolio paid off in way less than 30 years.

Sean thought about buying rentals for 20 years, but fear of the unknown stopped him from getting started. On this episode, we talk about how Sean learned more about rental properties and overcame his fear. We talk about how rentals helped him eliminate his monthly housing payment, and how today he is receiving cash flow and appreciation from his rental portfolio.

There are four main types of LLCs. On this bonus episode, Ashish From InvestorFriendlyCPA.com explains the differences between them. We talk about the kind of LLC most investors should use, and the two types of LLC'S that investors should avoid. Using the wrong LLC can cause an investor to pay a lot of extra money in taxes.

Michael shares his secret to building a profitable rental portfolio. We talk about how what he is doing with his rentals to get better tenants that pay a higher rent and stay for a long time. We talk about how he keeps his maintenance costs down by rehabbing his rentals as soon as he buys them. Michael also shares the numbers and the details on a recent rental purchase.

The idea that you could borrow money to make money without having a lot of money blew Aaron's mind. On this episode, Aaron talks about how he got started with rentals doing a house hack and ended up getting paid to live in his property, and made $70K when he sold that property a few years later. We also talk about how he bought his second rental with no money down, and how having a real estate lic...

Dave talks about how he quit his job before he had enough rental income to replace his W2 income. Being able to focus on real estate full-time gave him the time to find deals and grow his rental portfolio. On this episode, Dave talks about the returns he is looking for in a rental property, a creative way that he has been able to cut his expenses to increase his cash flow, and if he thinks investo...

You don't need to spend thousands of dollars on a rehab to charge a higher rent. On this bonus episode, Lee shares some cheap and easy upgrades that he does to his rentals that help him charge a higher rent, and get a better return.

Zach has a full-time job and doesn't have time to do any complicated strategies to find rentals or take on a rehab project. He's been buying properties that need minimal fixes that can be rented out as soon as he closes on them. On this episode we talk about how Zach has been building his portfolio, we take a look at one of his deals, and talk about how he has overcome a few challenges.

Sean had a tenant suddenly pass away. On the first part of this episode, we talk to Sean about what happened to the lease, what he did with the personal property of the tenant, and how he got back control of the property. On the second part of the episode, we talk to Attorney Jules Haas to see if Sean handled the situation correctly and to see if there are other issues that landlords need to be aw...

Tom knew that he needed to come up with a plan for retirement income. He figured out that if he bought a few rental properties and worked on getting them paid off he would be able to generate enough income to support himself. On this episode, we talk about how Tom got started with just a little bit of money, and how he paid off his properties. We also talk about some of the challenges that Tom fac...

Chris had a lot of potential tenants that weren't very serious about renting from him. To eliminate the tire kickers, Chris started making people interested in viewing the property fill out a full application and pay an application fee before seeing the property. On this bonus episode, we talk about how this works, and how it's been working out for Chris.

John talks about what investors should be looking for in rental properties, and what he's looking for. We also talk about the 1% rule, and if this is still a good benchmark to evaluate rental properties, and other factors that investors should consider.

Ashish from investorfriendlycpa.com explains how rental property investors can save money on taxes with real estate professional status. We talk about what it is, how to qualify, and rules that investors need to be aware of.

Curtis shares the numbers behind his 8 unit portfolio. We talk about his gross rents, expenses, and his monthly profit. We also talk about how he finds traveling nurses, how he manages his properties, and how he does his leases.

On this bonus episode, Dominic shares details of a recent rental he purchased. We talk about how he found the property, what he paid, details of his rehab, and we go over his numbers.

Bryan shares how he had a rough start buying rentals. It took him 3 years to turn around his first 4-plex. On this episode, we talked about how he turned things around, raised rents, and turned a building with a lot of deferred maintenance into a property with great cash flow. Bryan recently closed on his second property. We talk about how he used the equity he created with his first property to b...

Josh wanted to invest in rentals, but the numbers didn't work in the area that he lives. Real Estate is too expensive, and the rents aren't high enough to make a profit. On this episode, Josh talks about how he found a less expensive area, and with the help of a good Realtor he has been able to buy rentals and build monthly passive income

Farris talks about how he finds great tenants for his rentals. We talk about the number one thing that investors can do to attract good tenants. We also talk about where he advertises his rentals (and where he doesn't), how he does showings, how he does pre-screening, where he goes for online screening and other things he looks for in his screening process.

Matthew & Kim share how they are working towards replacing their W2 job income with a small rental portfolio. On this episode, we take a look at where they are now, their current rental income, and talk about their plans to pay off their entire portfolio. We also talk about how their old school way that they manage their rental portfolio without any online software or technology.

Kori talks about how he is building out his rental portfolio the same way he would start a business. On this episode, we talk about how he raised money from partners to buy properties, and how he has set everything up to buy and manage properties without him having to be in the same city as his properties. We also talk about his plans to build a big rental portfolio with the plan of eventually sel...

Mike is buying a duplex where the current owner has long-term tenants and hasn't raised rent in a long time. He isn't sure if he should raise rent, and risk the tenants leaving or keep the rent the same and keep the tenants. On this episode, we get opinions from several landlords to help Mike decide what to do.

Caeli Ridge shares some good news about the mortgage market that is going to mean lower rates for investors.

Farris started buying rentals on his own, but recently decided to partner up with a friend to continue to grow his rental portfolio. On this episode, we talk about how they set up their partnership to avoid duplicating work, what to look for in a good partner, and we talk about two recent deals that Farris and his partner purchased.