Rental Income Podcast With Dan Lane
508 episodes - English - Latest episode: 1 day ago - ★★★★★ - 785 ratingsInspiring interviews with everyday people that are generating passive income by investing in rental properties.
On each episode, we talk to a landlord about how they found and purchased their rental properties, how they financed them, and issues they face with property management, and managing tenants.
Make sure you follow the show. A new episode is released every Tuesday.
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Episodes
Coaching Call: Lender Helps An Investor Go From $5K to $10K/month In Rental Income With Caeli Ridge & Tina
July 14, 2022 07:00 - 33 minutes - 27.2 MBTina is an investor that nets about $5k a month from her rental portfolio. She wants to get to $10k a month. This episode is a recording of a strategy session between Tina and Caeli Ridge. They talk about Tina's goals, and how her credit affects her plans. Caeli also looks at a potential deal, and comes up with a game plan for Tina. https://rentalincomepodcast.com/bonus-tina
Does It Makes Sense To Buy A Rental In An Expensive Area? With Farris Gosea (Ep 375)
July 12, 2022 07:00 - 20 minutes - 16.7 MBOn this episode Dan and Farris answer listener emails: 1.) Is this a bad time to invest in rental properties 2.) What are some of the best ways to find deals today? 3.) Finding money to buy my next property has been a challenge. What are some ways creative ways to find capital? 4.) Working with Realtors https://rentalincomepodcast.com/episode375
He Went From 2 To 77 Rentals. Here's How Much Money They Generate With Tom Merrifield (Ep 374)
July 05, 2022 07:00 - 21 minutes - 17.4 MBTom shares how he went from being a new investor with 2 rentals to buying a portfolio of 75 rentals. We talk about how he found the deal, how dealt with losing some of his properties to eminent domain, and he sold off some of the properties for a huge gain. Tom also shares what he paid for the portfolio, his gross rents and his net profit. https://rentalincomepodcast.com/episode374
His Rental Income Paid For His Kids To Go To College With Tom Patten (Ep 373)
June 28, 2022 07:00 - 19 minutes - 15.5 MBTom shares how instead of saving money for his kids to go to college, he bought 6 rentals. The cash flow those rentals generate has paid for his 4 kids to go to college. He has also used the rental income to pay for a car and for his wife to stay home with the kids. On this episode, we talk about his portfolio and how he manages his properties.
Long Distance Rental Investing (Turnkey & BRRRR) With Marky Suazo (Ep 372)
June 21, 2022 07:00 - 24 minutes - 19.8 MBMarky wanted to invest in rentals, but properties were too expensive for him to do it locally. On this episode, Marky shares his experience buying a fully rehabbed turnkey property. After seeing how that property worked out, he figured he could make more money if he put a team together and did the rehab on his own for future Marky shares the good and the bad of out-of-state investing, and how things have worked out for him. https://rentalincomepodcast.com/episode372
Bonus: Is This A Bad Time To Invest In A Rental?
June 17, 2022 01:52 - 19 minutes - 15.8 MBMortgage rates are increasing, the stock market has been tanking, and we are probably headed towards a recession. Is this a bad time to buy a rental? We talk to a real estate agent, a lender, and a wholesaler to talk about what they are seeing in the market, to help you decide what is best for you. Contact info for Bill Kenny, Caeli Ridge, And David Olds: https://rentalincomepodcast.com/bonus-market
4 Small Steps To Financial Independence From A Small Rental Portfolio With Brandon Neiss (Ep 371)
June 14, 2022 07:00 - 25 minutes - 20.5 MBBrandon was able to replace his W2 income with a small rental portfolio. On this episode, Brandon shares 4 things he did to set him up financially for the rest of his life. We also look at Brandon's numbers including how much money he invested, his mortgage balance, gross rental income, expenses, and his monthly cash flow.
Buying Rentals With A HELOC And Then Paying Them Off With Rents With Terry Roberts (Ep 370)
June 07, 2022 07:00 - 24 minutes - 19.4 MBTerry took out a HELOC against his primary residence and he uses it to buy rental properties. He then uses the rental income to pay off the HELOC. He has used this strategy to buy 7 houses that generate $7,000 a month in rental income. Terry also shares his strategy of buying nice houses in good neighborhoods that are easy to manage. We also talk about how Terry saves money on appliances and other upgrades he does to his properties.
How A Pizza Delivery Guy Made Millions Owning Rentals With Dakota Worrell (Ep 369)
May 31, 2022 07:00 - 22 minutes - 17.8 MBDakota shares his story of how he bought a property that he house hacked while working for Domino's Pizza as a delivery driver. We talk about how he continued to build his rental portfolio over the next 7 years by using a few different financing techniques. He started with $419 and today he has millions of dollars in equity in his rental portfolio. https://rentalincomepodcast.com/episode369
How She Replaced Her W-2 Income With Rental Income With Natasha Verela (Ep 368)
May 24, 2022 07:00 - 20 minutes - 16.6 MBNatasha shares how she was able to leave her W-2 job and support herself with her rental income. We take a look at Natasha's portfolio and her numbers. We talk about how she budgets for repairs and vacancies, and how she uses the tax code to legally avoid paying taxes on her rental income. We also talk about how Natasha gets health insurance, and why she rents herself, instead of owning a home. https://rentalincomepodcast.com/episode368
How They Went From $1,500 to $15,000/Month In Rental Income With KC & Kaysie Massie (Ep 367)
May 17, 2022 07:00 - 25 minutes - 20 MBKC & Kaysie talk about selling a rental property that was netting them $1,500 a month and moving the equity to a new property that now nets them $15,000 a month. They open up their books and share all the numbers for the old and new property and we figure out how they were able to make this transaction happen. We also talk about how they found the deal, how they financed it, and how they have been managing the property.
Her Rental Lost Money At First. Now It Nets $2K A Month With Heidi Rau (Ep 366)
May 10, 2022 07:00 - 21 minutes - 17.5 MBHeidi bought her first property to live in, but things changed in her life and she ended up renting the property. On this episode, we talk about how Heidi dealt with lots of problems including tenants that didn't pay rent, property damage, and getting shut down by her city. Heidi stuck with the property and today the property generates $2,000 a month in profit and has appreciated by over $200,000. https://rentalincomepodcast.com/episode366
How He Generates $70K In Rental Income While Living In An Expensive Area With Alan Larsen (Ep 365)
May 03, 2022 07:00 - 24 minutes - 19.7 MBAlan lives in an expensive area where it's really difficult, if not impossible to find properties that are going to generate cash flow. On this episode, Alan shares how he found an area where the properties were much cheaper and the numbers worked better. We talk about how he found his properties, we take a look at his number, and figure out how many rentals he needed to get to $70K. We also talk about challenges that he has had along the way. https://rentalincomepodcast.com/episode365
His Rentals Pay All Of His Bills & He Saves All His Job Income With Greg Gaudet (Ep 364)
April 26, 2022 07:00 - 20 minutes - 16.2 MBGreg talks about how he generates enough money off his rentals to pay all his bills. He still works so that he can generate more cash to continue to buy more rentals and to continue to build his rental income. We talk about why he likes buying condos and how why he's not afraid of condo fee increases, and how he has joined the condo board to have some say in how the development is run. https://rentalincomepodcast.com/episode364
He Bought His First Rental. Did He Get A Good Deal? With David Jennings (Ep 363)
April 19, 2022 07:00 - 24 minutes - 19.8 MBDavid thought about buying rentals for a long time. Recently, he felt like the time was right to buy his first rental. On this episode, we talk about how he got his wife excited about the idea of buying a rental. We also talk about how he found the property, how he financed the property, and how things have been working out. David shares all his numbers, and we figure out if he got a good deal. http://rentalincomepodcast.com/episode363
The Low-Risk Rental Property Retirement Plan With Don Petrasek (Ep 362)
April 12, 2022 07:00 - 21 minutes - 17.5 MBDon wanted to build a rental portfolio that generated income for him to live on in retirement, but he wasn't interested on taking on a lot of debt or a lot of risk. On this episode, he shares how he built a small portfolio of quality properties in good neighborhoods, and how he's been able to pay off several of his mortgages. Don also talks about how having paid off properties takes away the fear of having multiple tenants not paying rent, or moving out at the same time. Don shares how he...
How He Went From Broke To $15K in Rental Income With Matt Amabile (Ep 361)
April 05, 2022 07:00 - 20 minutes - 16.1 MBMatt shares how he went from not making much money and living on a couch to owning a rental portfolio that generates $15,000 a month in gross rental income. We talk about how he got the money to get started, how he eliminated his housing expenses with a house hack, and we look at the numbers for his portfolio and figure out how much he nets after all expenses.
Building Wealth with A Small Rental Portfolio With Alex Daredia (Ep 360)
March 29, 2022 07:00 - 22 minutes - 18.1 MBAlex shares how he buys a rental property as he saves down payments. He doesn't do major rehabs or creative financing. He has found most of his properties off the MLS, but over the last few years, his properties have generated a ton of cash flow and appreciation. On this episode, Alex also talks about some mistakes he has made and how he screens property managers.
The Downside Of Investing In Rentals With Patrick Gillan (Ep 359)
March 22, 2022 07:00 - 25 minutes - 20.7 MBPatrick loves owning rentals, but it hasn't always been easy. He's had to deal with fires, floods, bad tenants, and not always having enough money to pay for repairs. On this episode, we talk about both the good and the bad of owning rentals, and how Patrick has overcome some tough situations. https://rentalincomepodcast.com/episode359
How He Generates $300k A Year With One Airbnb With Jeff Brown (Ep 358)
March 15, 2022 07:00 - 21 minutes - 17.2 MBJeff shares how he earns triple the revenue vs what his competitors are earning with an Airbnb. We talk about where he is buying, what he did to upgrade the house, how he raised the money to purchase the property, and how he finds guests that are willing to pay a premium to rent his Airbnb. We also talk about how he avoided what could have been a pretty big legal issue. http://rentalincomepodcast.com/episode358
The 5 Ways You Get Paid Owning Rentals With Carlo Finotti (Ep 357)
March 08, 2022 08:00 - 23 minutes - 18.7 MBCarlo talks about the 5 different ways we get paid (at the same time) owning rental properties. We also talk about what types of properties Carlo is buying, what type of neighborhoods they are in. We also talk about how Carlo has financed his properties, and the level of risk he is comfortable with.
He Used The Equity In His Home To Buy Rentals That Generate $27K/Month With Philip Petrie (Ep 356)
March 01, 2022 08:00 - 23 minutes - 19 MBPhilip shares how he created a rental portfolio that nets $12k per month after all expenses, by tapping into equity that he had in his primary residence. We talk about how he created the equity in his home, and how he used a HELOC (home equity line of credit) to access the equity. Philip shares how having access to the equity enabled him to get really good deals on rental properties because he could make cash offers. We also talk about how he's been able to recycle the equity over and over...
Turning A Primary Residence Into A Rental With Kevin Ha (Ep 355)
February 22, 2022 08:00 - 23 minutes - 19 MBKevin talks about his experience turning his primary residence into a rental. We talk about why he decided to rent his property vs sell the property, what he needed to do before he rented his property, and how things have worked out for him. We also talk about tax considerations to think about before turning a home into a rental, and a way that investors can save money on repair costs.
How Rentals Gave Him The Freedom To Live Life On His Terms With Adrian Pannozzo (Ep 354)
February 15, 2022 08:00 - 23 minutes - 19.2 MBAdrian had a good, stable job with a pension, but he walked away from it all because he wanted more out of life. On this episode, we talk about the types of properties Adrian bought, how many rentals it took him to be able to leave his job, how he budgets for expenses and how he financed his portfolio. We also take a look at the numbers for the first turnkey property he bought, and how he gets infinite returns today using the BRRRR strategy.
Are New Construction Rentals A Good Investment? With Zach Hjornevik (Ep 353)
February 08, 2022 08:00 - 26 minutes - 20.9 MBZach shares his experience investing in new construction rentals. We talk about what he's looking for in an area to invest in, we talk about if he upgrades the property or rents it as it comes, and his unique way of finding tenants. We also look at his numbers for a recent deal including what he paid for the property, his mortgage payment, the rent, typical expenses, and his cash flow. https://rentalincomepodcast.com/episode353
How He Nets $3K A Month Using The BRRRR Strategy With Paul Singer (Ep 352)
February 01, 2022 08:00 - 24 minutes - 19.4 MBPaul lives in an expensive area, and he's been doing BRRRR projects in another state. On this episode, Paul talks about what has gone right, and how he has overcome some challenges. We also take a look at a recent deal and go over his numbers. We also take a look at his entire portfolio and review his rent, expenses, and his cash flow. https://rentalincomepodcast.com/episode352
How He's Finding Incredible Deals On Rental Properties In This Market With Bill Kenny (Ep 351)
January 25, 2022 08:00 - 24 minutes - 19.9 MBA lot of investors are having trouble finding deals that meet the 1% rule. On this episode, Bill shares how he's finding incredible deals that meet the 2% rule. We also talk about a small apartment building that Bill purchased and how he was able to increase his cash flow by lowering the expenses and increasing the rents. https://rentalincomepodcast.com/episode351
Bonus: Are Higher Mortgage Rates Making Investing In Rentals Unaffordable?
January 20, 2022 08:00 - 15 minutes - 12.7 MBCaeli Ridge shares what's been going on in the mortgage market, and why rates have been going up recently. We look at where rates are today and how they compare to when the pandemic first started, and in 2019. We also talk about where rates are headed. Contact Caeli https://www.ridgelendinggroup.com 1-855-747-4343 [email protected]
The 1% Rule Doesn't Matter With Chris Fontenot (Ep 350)
January 18, 2022 08:00 - 22 minutes - 18.1 MBChris talks about why he doesn't use the 1% rule to evaluate rental properties. We talk about what he's looking for in a rental property, his average purchase price, and his average rental amount. We also talk about if he owns his rentals personally or in an LLC
A Step-By-Step Plan To Earn $10,000/Month In Rental Income With Joel Miller (Ep 349)
January 11, 2022 08:00 - 37 minutes - 30 MBJoel shares how a new investor making a modest income can go from $0 to $10,000 a month in net rental income. He provides a road map with examples of what types of properties to buy, and he shares hypothetical numbers for the rental purchase price, the loan amount, mortgage payment, repair reserves, and estimated rent and cash flow amounts. Of course, we can't guarantee you will make $10,000 per month with Joel's plan. But, it's a great starting point. https://rentalincomepodcast.com/episo...
How Much Extra Money Can You Make With An ADU? (Additional Dwelling Unit) With Michael Dominguez (Ep 348)
January 04, 2022 08:00 - 22 minutes - 17.7 MBMichael 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 make if he didn't modify the property. https://rentalincomepodcast.com/episode348
Best Landlord Interviews of 2021 (Ep 347)
December 28, 2021 08:00 - 22 minutes - 17.9 MBOn 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 foreclosure. Check out the full interviews: https://rentalincomepodcast.com/episode347
Financial Freedom Through Rental Properties Is Closer Than You Think With David Olds (Ep 346)
December 21, 2021 08:00 - 23 minutes - 19 MBDavid 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.
Don't Let Fear Hold You Back From Buying Rentals With Sean Haardt (Ep 345)
December 14, 2021 08:00 - 24 minutes - 19.8 MBSean 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.
Bonus: The Wrong LLC Structure Could Cause You To Pay More Taxes
December 09, 2021 08:00 - 17 minutes - 13.6 MBThere 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.
His Secret To Increase His Rental Cash Flow With Michael McConnell (Ep 344)
December 07, 2021 08:00 - 21 minutes - 17.2 MBMichael 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.
How He Lived For Free And Made $70,000 With A House Hack With Aaron Millis (Ep 343)
November 30, 2021 08:00 - 21 minutes - 17.5 MBThe 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 license and access to the MLS has helped him get better deals.
His Rental Income Covers All His Living Expenses With Dave Holman (Ep 342)
November 23, 2021 08:00 - 22 minutes - 18.3 MBDave 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 investors are better off with a small or a big rental portfolio.
Bonus: These Cheap Upgrades Will Make Your Rental More Profitable
November 18, 2021 08:00 - 12 minutes - 9.73 MBYou 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.
Investing In Simple Move-In Ready Rentals With Zach Kennedy (Ep 341)
November 16, 2021 08:00 - 23 minutes - 18.9 MBZach 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.
Bonus: His Tenant Died. Here's What This Landlord Did & What An Attorney Says You Need To Do
November 11, 2021 08:00 - 13 minutes - 10.7 MBSean 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 aware of.
How He Paid Off A Few Rentals To Fund His Retirement With Tom Clark (Ep 340)
November 09, 2021 08:00 - 24 minutes - 20 MBTom 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 faced along the way, and how he overcame them.
Bonus: Charging Potential Tenants For A Showing?? Yep. This Landlord Is Doing It
November 04, 2021 07:00 - 13 minutes - 10.8 MBChris 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.
Is The 1% Rule Dead? With John Brooks (Ep 339)
November 02, 2021 07:00 - 22 minutes - 18 MBJohn 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.
Bonus: How To Reduce (Or Eliminate) Your Taxes With Real Estate Professional Status
October 28, 2021 07:00 - 16 minutes - 13 MBAshish 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.
How He Profits $5,500/month Renting To Traveling Nurses With Curtis Mcclelland (Ep 338)
October 26, 2021 07:00 - 20 minutes - 16.4 MBCurtis 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.
Bonus: BRRRR Case Study With Dominic Kosteris
October 21, 2021 07:00 - 14 minutes - 11.6 MBOn 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.
Here's How Much Money He's Making With 8 Rentals With Bryan Bokowy (Ep 337)
October 19, 2021 07:00 - 19 minutes - 15.8 MBBryan 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 buy his second.
Investing In Rentals When You Live In An Expensive Area With Josh Bast (Ep 336)
October 12, 2021 07:00 - 21 minutes - 16.9 MBJosh 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
Bonus: How To Find The Perfect Tenant
October 07, 2021 07:00 - 21 minutes - 16.8 MBFarris 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.