Rental Income Podcast With Dan Lane Rental Income Podcast

Anna and Tessa are two friends who are building out their rental portfolios.

They are busy, have limited time to spend on their rentals, and lack many handy skills.

Anna and Tessa both have different strategies for buying the types of properties they want to purchase, but they have similar mindsets about building wealth with real estate.

On this episode, we discuss their strategies for finding and financing rental purchases, how they are fixing up properties, and how they manage their rental properties.

https://rentalincomepodcast.com/episode479

Mike was inspired by a friend making $100k a month from rental properties. He thought, if his friend could do it, why couldn't he?

On this episode, we discuss how Mike took baby steps for the first few years and eventually built a rental portfolio that nets him $35,000 a month.

Mike shares his story of getting started and how one excellent investment changed the entire trajectory of his investing.

We examine Mike's numbers, including his monthly gross rent amount, monthly expenses, and net cash flow.

Mike also shares how challenging the COVID years were for his portfolio, but he made it through them and realized that if he can survive that, he can make it through anything.

https://rentalincomepodcast.com/episode478

Kathi rented a property to tenants that were cooking meth in her rental.

The toxins from the manufacturing of the meth were so bad that she was not able to remediate the property, and she lost everything.

On this episode, we'll figure out what happened, how Kathi discovered it, and why her insurance policy didn't pay for the damage.

We'll also figure out if Kathi could have done anything to avoid this situation and what investors can do to minimize the risk of this happening to them.

https://rentalincomepodcast.com/episode477

Jason shares the formula he has followed to reach financial freedom:

He uses other people's money to buy mobile homes, fixes them, and sells them for a profit.

He then uses the profit as his down payment to buy rental properties.

Then he uses the cash flow his rentals produce to pay his living expenses.

On this episode, we talk about what he looks for in a potential mobile home flip, what he does to fix them up, and how he sells them.

We also talk about what types of rentals he's been buying and look at the numbers on a recent deal.

https://rentalincomepodcast.com/episode476

Charles used to believe that when you buy a rental property, you should hold it forever.

However, he has realized the practicality of the situation: some properties outperform others, and if a property doesn't meet expectations, it might be a good business decision to sell it and reinvest in something else.

On this episode we talk about two properties that Charles recently sold.

We figure out what went wrong and whether he should have noticed any red flags when he bought the property.

We also talk about what Charles did with the money after he sold it.

Spencer shares the details of renting his property to short-term transitional housing tenants.

The organization he works with pays for repairs on the property, covers the rent, whether a tenant is placed or not, and takes care of the utilities.

This arrangement ensures Spencer's steady and reliable income, making his rental profitable.

Spencer also details his challenges getting his property up and running, from cost overruns to construction delays.

https://rentalincomepodcast.com/episode474