Rental Income Podcast With Dan Lane

On this episode, we meet Chris and Gerrit, a father and son that have formed a partnership to buy rentals. We talk about how they are able to accomplish more working together, how the money part of the partnership works, and how they have set things up so that business doesn't mess up their family relationship.

James started buying rentals near his house, but after a few years prices had appreciated and the numbers didn't make sense anymore. On this episode, James talks about how he researched other areas and found a city 5 hours away where the properties cash flowed better. James shares how he found properties without having to actually ever go to the property, how he finds tenants, does showings and ma...

Chris shares how she makes really good money renting her basement to traveling nurses. We talk about what nurses are looking for in a short-term rental, how she finds nurses, and how she is able to stay booked year round. We also talk about her plan to buy more properties and rent them exclusively to traveling nurses.

Four years ago on this podcast, Ken talked about his strategy of buying individual rentals and building a rental portfolio with the goal of selling his portfolio to Wall Street. On this episode, we check-in with Ken and find out that he has actually sold his portfolio for way above market value to a Wall Street bank. We talk about how Ken didn't need as many rentals as he thought he would, how he...

After Zack paid all of his bills every month, he didn't have any money left over to save for down payments. He decided that he was going to have to figure out other ways to make more money if he wanted to buy rental properties. On this episiode Zack shares 4 ways he is earning extra money, and how much he makes from each of his side hustles.

David wanted to buy rental properties for financial independence. But, he didn't make a lot of money. On this episode, he shares how he saved the money to get started, how he built his rental portfolio and the unique way that he pays himself.

Jeremy talks about how he got started buying rentals. We talk about researching markets and how he decided where to invest. We also talk about a big challenge he's had with one of his properties, and how he's dealing with it, and how everything has been working out so far.

Ron's goal is to make his rentals as passive as possible. He does this by minimizing his touches with his tenants. On this episode, he shares how he sets expectations during the lease signing and some of the clauses he has added to his lease. We also talk about how he quickly gets rid of bad tenants, and how he takes himself out of repair issues.

Matthew's rentals do not meet the 1% rule, but his properties still cash flow. On this episode, we talk about what he's looking for in a rental instead. We also look at one of his rentals and figure out what he paid for it, how much it's renting for, and how much cash flow it's generating. Matthew also shares tips on how he is winning property bidding wars in a competitive market.

Tiffany shares how she went from being brand new to investing in real estate to building a small rental portfolio that paid for her to travel the world. She shares how she managed her properties while she was out of the country, and how not giving up during a really tough time ended up giving her the freedom to live life on her terms.

Caeli Ridge gives a live look at the current investment mortgage rates for a rental purchase, refi, and cash-out refi. She also updates us on the latest with the new mortgage tax.

Jennings thinks that it is a really bad idea for real estate investors to manage their own rentals. He thinks that investors are actually creating a second job when they self-manage when the entire reason they started investing in rentals is for passive income and freedom. On this episode, we talk about mistakes that landlords make when they self-manage and how a good property manager can actually...

Joel shares how rentals made him rich by following a simple old school plan of buying rentals over time, and not selling them. He bought his first rental property over 40 years ago and as he had the money he would add to his portfolio. Doing this consistently over a long period of time allowed him to build up enough monthly rental income that he was able to retire from his day job. On this episode...

My guest has some major problems with her rental portfolio. She has multiple tenants not paying rent, and she has vacant properties that need repairs and she doesn't have the funds to make the repairs. We talk about how she got in this situation, and we bring in another experienced landlord to offer some guidance on how she can turn things around.

Heman wanted to buy rentals, but he didn't have the cash to get started. On this episode, he talks about deciding to cash out his 401(K) and how he has turned that initial investment into a portfolio with millions of dollars in equity. We compare what he would have made if he had kept his money in the stock market and what he has made off his rental properties. We go over his numbers, his techniqu...

Marcus shares his simple formula to make $1 million with rental properties. He talks about a common mistake that investors make when they are looking to buy rentals. He also shares the numbers on one of his recent rental purchases, and what he does to keep his maintenance and repair costs low.

Amanda was a single mom when she bought her first rental. She didn't have a lot of money, but she had a dream to retire early with rental properties. On this episode, we walk-thru how she built her rental portfolio without having a lot of money. She shares the creative strategies that she has used to find and purchase rental properties.

Joe has invested in both local rentals, that he self-manages, and out of state turnkey rentals. The turnkey rentals were fully rehabbed, had a tenant in place, and property management was provided by the turnkey company. On this episode, Joe shares his experience with buying turnkey rentals and shares how they have actually performed for him. He also shares the minimum price to rent ratio an inves...

John talks about how he found a run-down apartment building, fixed it up, and was able to raise rents over $10K a month. After the project was done he was able to refinance and get all of his money back. On this episode, we talk about exactly what he did, how he overcame a few challenges, and his numbers.

Ann and her husband made a plan to replace their job income with rental income. They slowly started buying rental properties and building their rental income. Eventually, they built enough passive income to replace their job income, and today they don't have 9 - 5 jobs. They are able to spend time with their kids, travel, and do what they want to do with their time. On this episode, we figure out...

Brendan explains the basics of a 1031 in an easy to understand way. We talk about the deadlines investors need to be aware of, and several situations that investors may find themselves in. Brendan explains how to do a 1031 with partners, what happens if you own a property in an LLC, and how you can take some money out during the 1031. He also shares 2 ways investors can avoid paying capital gains...

Larry talks about a recent property that he purchased for $500. We go over his rehab budget, and what the property rented for. We also talk about the neighborhood that his properties are in. (hint: it's not a horrible neighborhood). And how he screens and manages his tenants. We also talk about how he screens and manages his tenants.

Husband and wife team Darrell and Ana have been buying rentals for a few years. They have had a lot of good things happen with their rentals, but they have also had some challenges with tenants, major expenses, rehabs, and financing. On this episode we take an honest look into their portfolio and talk about the good and the bad of owning rentals.

Chris thought he wanted to own a few properties free and clear. After he did it, he realized that he didn't want a few rentals. He wanted to own a portfolio of rental properties, and he wasn't going to be able to do it without using mortgages. On this episode, we talk about why he changed his thinking and how using debt has made him a better investor and landlord. We also talk about some of the ch...

The biggest expense we have as landlords is when you have a turnover. Usually, something needs to be fixed or replaced. You may have some vacancy between tenants, and you may have to pay a commission to place a tenant. My guest today has an incredibly profitable portfolio because her tenants don't leave. Her average tenant stays for 8 years. That didn't happen by accident or because she had good l...