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
Replacing Their Job Income With A Small Rental Portfolio With Matthew & Kim (Ep 335)
October 05, 2021 07:08 - 24 minutes - 19.9 MBMatthew & 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.
Building A Rental Portfolio Is Like Building A Business With Kori Covrigaru (Ep 334)
September 28, 2021 07:00 - 20 minutes - 16.7 MBKori 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 selling it off for a profit.
This Landlord Needs Help. Should He Raise Rent? (Ep 333)
September 21, 2021 07:00 - 20 minutes - 16.1 MBMike 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.
Bonus: Mortgage News (Are Rates Are About To Drop?)
September 20, 2021 07:00 - 6 minutes - 4.88 MBCaeli Ridge shares some good news about the mortgage market that is going to mean lower rates for investors.
How He's Growing His Rental Portfolio With A Partner With Farris Gosea (Ep 332)
September 14, 2021 07:00 - 22 minutes - 18.3 MBFarris 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.
Bonus: Can Rentals Help You Save Money On State Taxes? Do LLC's Cut Your Tax Bill?
September 09, 2021 07:00 - 13 minutes - 10.5 MBAshish from InvestorFriendlyCPA.com answers a listener's question about if buying a rental in another state will help him save money on his state taxes. We also talk about if owning a rental in another state can help you save money on taxes.
How He Built Enough Rental Income To Quit His Job With Quentin DSouza (Ep 331)
September 07, 2021 07:00 - 22 minutes - 18 MBQuentin wanted time and location freedom, and he figured that if he bought enough cash flowing rentals they would give him freedom. On this episode, we talk about how much rental income he needed to replace his W2 income,and how many rentals he needed to get to that number. We also talk about the kind of properties he bought, and how much cash he needed to invest to build his portfolio.
How He Increased His Cash Flow From $300 to $1,200/Month With A 1031 Exchange With Eric Girard (Ep 330)
August 31, 2021 07:00 - 20 minutes - 16.1 MBEric talks about how he got started by turning a condo that he lived in into a rental. He rented thre property out for a few years and was making about $300/month. Recently, he sold that property and moved the equity to a 4-Plex using a 1031 Tax-Deferred Exchange, and increased his cash flow to $1,200 a month.
Rentals Are Really Just A Simple Math Problem With Anthony Russell (Ep 329)
August 24, 2021 07:00 - 25 minutes - 20.6 MBAnthony talks about what he looks for in a rental property, and the simple math that he does to evaluate potential deals. We look at one of his recent deals, and he shows us the numbers that he's looking at to see if a deal makes sense
Building A Big Rental Portfolio Is A Mistake With Ramon Huerta (Ep 328)
August 17, 2021 07:00 - 23 minutes - 18.6 MBRamon shares how he set a goal to buy 50 rentals thinking that if he built a big rental portfolio he would make a lot of money. But, things didn't work out that way. He ended up not making money and losing his properties to foreclosure. On this episode, we figure out how things went bad and how he was able to build a smaller portfolio that is way more profitable.
Using Other People's Money To Buy Rentals With Corey & Bethany Wendland (Ep 327)
August 10, 2021 07:00 - 24 minutes - 19.8 MBCorey and Bethany did the math to figure out how much money they would need to save for down payments to build a big rental portfolio and felt discouraged. They figured out it would take them years to save enough money. They wanted to get started today, so they had to figure out another way. On this episode, they share how they got the money to get started.
How A Small Rental Portfolio Pays For Half Of His Living Expenses With Mekkel Blanchard (Ep 326)
August 03, 2021 07:00 - 19 minutes - 15.8 MBMekkel shares how he was able to go part-time at his job because of his rental income. On this episode, we talk about his portfolio of 5 rental units, and look at the numbers. We also talk about how he came up with the down payments to get started.
The Rental Property Retirement Plan With Steve Goldberg (Ep 325)
July 27, 2021 07:00 - 24 minutes - 19.4 MBSteve is getting ready to retire and support himself off his rental income. On this episode, we talk about how Steve slowly built a portfolio of condos over the years as he was working full-time. We talk about what he looked for in a perfect rental, his strategy to identify off-market deals, and how he was able to buy properties with cash and reinvest that cash into buying more rentals.
How She Convinced Her Husband To Buy Rentals With Natasha Carroll (Ep 324)
July 20, 2021 07:00 - 24 minutes - 19.8 MBNatasha loved the idea of buying rentals, but her husband did not like the idea at all. On this episode, we talk about how she convinced him to buy one property, to try it out....but that property didn't work out as she planned and they ended up losing money. Natasha didn't give up. She changed her strategy, got her husband excited again and they ended up building a portfolio of 10 rentals. On this episode, we talk about what Natasha did differently, and how her portfolio has worked out.
Comparing Cash Flow: Long-Term Rentals Vs Airbnb Vs Traveling Nurses With Daniel Johnson (Ep 323)
July 13, 2021 07:00 - 28 minutes - 22.6 MBDaniel owns three different types of rentals: regular long-term, Airbnb, and he rents short-term to traveling nurses. On this episode, we talk about Daniel's experience with each. We talk about the work involved in managing each type of rental and look at Daniel's gross income, expenses, and his net profit for each type of rental.
How He Went From No Money & No Real Estate Experience To Owning 81 Rentals With Doug Benson (Ep 322)
July 06, 2021 07:00 - 25 minutes - 20.5 MBDoug shares his incredible story of how he went from having no real estate experience and no money to owning 81 rentals. We talk about how he found and financed his properties, and how he was able to improve each property to increase his rental income.
How This Couple Nets $15K/Month With Their Rentals With KC & Kaysie Massie (Ep 321)
June 29, 2021 07:00 - 27 minutes - 21.7 MBHusband and With team KC and Kaysie share the numbers behind netting $15K a month from their rental portfolio. We take a look at their gross rents, total mortgage, and repair expense and figure out how they are getting to $15K. We also talk about the kind of properties they have in their portfolio, and how they havre financed their purchases.
How A Newer Investor Went From $0 - $1,100 In Rental Income With Jesse Beynon (Ep 320)
June 22, 2021 07:00 - 20 minutes - 16.1 MBJesse shares how he has been building his rental portfolio on a teacher's salary. We talk about how he has eliminated his monthly mortgage expense house hacking (with a family), and how he generates $1,100 a month in rental income with just 2 properties.
His Step-By-Step Process For A Profitable Rental Property With Larry Myer (Ep 319)
June 15, 2021 07:00 - 21 minutes - 17.4 MBLarry shares everything he does to minimize the chance that he will lose money on a rental property. We talk about what he is looking for when he is selecting a property to purchase, and everything he does to manage his property, from tenant screening to preparing the property to rent. We also talk about how he minimizes his expenses and how he trains his tenants to pay on time every month.
She's A Stay-At-Home Mom Because She Bought A Few Rentals With Casey Franchini (Ep 318)
June 08, 2021 07:00 - 22 minutes - 18.1 MBCasey wanted to be a stay-at-home mom, but she also needed to earn money to help support her family. She figured out that if she bought a few rental properties, she could earn enough passive income without needing to get a job. On this episode, we talk about her portfolio. How she manages her rentals, and how she dealt with some tough situations.
He's Been Investing In Rentals For 40 Years - Here's What He's Learned With Carl Fisher (Ep 317)
June 01, 2021 07:00 - 21 minutes - 16.9 MBCarl shares what has worked and not worked in his 40 years of investing in rentals. We talk about investing out of state, what properties make the best rentals, the most profitable number of beds to have in a rental, his strategy for long-term tenant retention, and buying rentals using an IRA
Buying Rentals While Working Full-Time With Nick Balzano (Ep 316)
May 25, 2021 07:00 - 23 minutes - 18.7 MBNick shares the shortcuts and efficiencies that he has developed to manage his rental portfolio while working full-time. We also talk about how he built his rental portfolio without having a ton of money. We talk about how he has been able to buy each of his rentals with a very small down payment, and how much money he is making per door.
6 Mistakes He Made As A Landlord With Isaac Barrow (Ep 315)
May 18, 2021 07:00 - 23 minutes - 19.1 MBIsaac has had a lot of success as a landlord, but he has made some mistakes along the way. On this episode we talk about some of the things he has done wrong in the past, and what he is doing now.
Bonus: Is Inflation Good Or Bad For Real Estate Investors?
May 13, 2021 07:00 - 13 minutes - 11 MBIt seems like the price of everything, including real estate, has been going up recently. But, is that good or bad for real estate investors? On this episode, we figure that out and speculate on how inflation will affect mortgage rates going forward.
She Built 2 Rental Portfolios - One For Cash Flow & One For Appreciation With Tiffany Dumond (Ep 314)
May 11, 2021 07:00 - 25 minutes - 20.1 MBTiffany shares how she built two rental portfolios, in two cities with two different strategies. She owns rentals in Chicago that she bought for cash flow. After building her portfolio in Chicago, she moved to Texas where she had a harder time investing for cash flow, so she started buying single-family home for appreciation,
How To Net $5K/Month In Rental Income (Without A Lot Of Risk) With David Stafford (Ep 313)
May 04, 2021 07:00 - 23 minutes - 18.5 MBDavid wanted to build a rental portfolio, but he didn't want to take a lot of risk. On this episode, we talk about how he slowly built a portfolio of 21 rentals that net him 5k a month after all expenses. We talk about the types of properties he bought, the neighborhoods, and his mortgage and repair expenses. We also talk about the other ways that his rentals are building wealth for him, and how he will be able to retire off his rental income in a few years.
Bonus: Buying Rentals With Creative Financing
April 29, 2021 07:00 - 15 minutes - 12.7 MBWill and Veronica talk about how they have been able to grow their rental portfolio by using creative financing. We talk about how they found private lenders that will loan them money to purchase and rehab properties. They share how they found the private lenders and details about how they structure the deals. We also talk about how they recently bought a property where the seller financed the property at 0% interest.
His Rentals Were A Nightmare Until He Started Doing This....With Brad Spencer (Ep 312)
April 27, 2021 07:00 - 25 minutes - 20.7 MBBrad had no idea what he was doing when he started buying rentals. He didn't know how to screen potential tenants or manage his rentals correctly. After having to evict his first few tenants he figured out that he had to do things differently if he was going to make owning rentals work. On this episode, we talk about what Brad is doing differently today. We talk about how he finds high-quality tenants that are easy to manage and stay for several years.
Incredible Cash Flow With Cheap Properties With Michelle Cummings (Ep 311)
April 20, 2021 07:00 - 22 minutes - 17.7 MBMichelle has built her portfolio by buying really cheap, run-down properties, in rough neighborhoods that nobody else wants. She fixes the properties up, gets better tenants, and ends up with a great property that produces great monthly cash flow. On this episode, we talk about how she works with the local police department to get squatters out of the properties, and why she doesn't like working with section 8 tenants.
Bonus: Are College Rentals A Good Investment?
April 15, 2021 07:00 - 15 minutes - 12.5 MBOn this bonus episode of the Rental Income Podcast, Jay Redding shares his experience owning college rentals. We talk about how he has teamed up with the university sports teams, to rent rooms to student-athletes. When the current students graduate they pass their room down to younger students on the team. This makes his property management easier and eliminates the need for him to market the property. We also talk about how he screens his tenants with no rental history or credit score, an...
How He Retired Off Rental Income With Jay Redding (Ep 310)
April 13, 2021 07:00 - 27 minutes - 21.6 MBJay got downsized from his corporate job and decided that he wasn't going to be happy finding another job. He figured out that if he bought enough rental properties he could earn enough money to replace his W-2 income. On this episode, we talk about how many rentals he needed to buy, how he financed his properties, and how he self-manages his rentals.
From No Money To An (Almost) Paid Off Rental Portfolio With Mike Bryant (Ep 309)
April 06, 2021 07:00 - 25 minutes - 20.6 MBMike didn't have any money to invest when he got started buying rentals. He built his rental portfolio using a lot of debt. After paying the mortgages, repairs, and other expenses he wasn't making much money. After building up equity for 9 years, he figured out that if he sold some of his rentals, he would end up with a portfolio of free and clear rentals. Today he has very little leverage on his portfolio, and all of his rentals generate really great cash flow. On this episode, we talk ab...
Our Rentals Are Buying Us More Rentals With Will & Veronica Pritchett (Ep 308)
March 30, 2021 07:00 - 23 minutes - 18.9 MBWill and Veronica share how they have been using the equity that they have created in their rental properties to buy more properties. They talk about the strategies that they have used to access the equity and how doing this has helped them double the size of their rental portfolio and increased their cash flow.
His Blueprint To Net $10k A Month With Rentals With John Morgan (Ep 307)
March 23, 2021 07:00 - 21 minutes - 16.9 MBJohn talks about how he built his rental portfolio by buying base hits. Not many of his deals were all that incredible. But, when you look at his entire portfolio it's a home run. On this episode, we talk about the types of properties he's been buying, how he manages them while working full-time, and his plan to net $10K a month from his rental portfolio.
Bonus: How To Automate Property Management With Bill and Kristy Copeland
March 18, 2021 07:00 - 19 minutes - 15.2 MBManaging properties and working with tenants can be very time-consuming, but it doesn't have to be. Bill and Kristy share how they have automated most of their property management. On this episode, they share how they do showing without having to be there, how they use online tools for applications and leases, and how their tenants can submit maintenance requests online directly to contractors.
Comparing Owning Long-Term Rentals And Airbnb's With Rob Mehta (Ep 306)
March 16, 2021 07:00 - 22 minutes - 18.3 MBRob owns regular long-term rentals and Airbnbs. On this episode, we talk about the differences between managing both types of rentals and how much money Rob makes from each type of rental. We talk about how Rob manages his rentals, and we compare the benefits and downsides of each type of rental.
His Simple Strategy To Pay Off His Rentals With Rich Levine (Ep 305)
March 09, 2021 08:00 - 26 minutes - 21.6 MBRich shares why he thinks it's important to own rentals free and clear. He talks about how he paid some of his rentals, and how those properties are going to provide cash flow for the rest of his life (and cash flow for the life of his kids too.) We also talk about if it makes sense to pay off rentals with interest rates being so low today, and Rich shares some calculations on how it may make sense to buy properties today that don't meet the 1% rule.
Bonus: How To Buy A Rental With A Credit Card
March 04, 2021 08:00 - 9 minutes - 7.28 MBDom shares how he has bought several houses with a credit card. He shares how he did it, why he doesn't think this is a risky strategy, and some things to look out for if you are interested in doing this too.
Meet The School Teacher With 46 Rentals With Dom (Ep 304)
March 02, 2021 08:00 - 22 minutes - 18.2 MBDom shares how he bought 46 single-family houses that each net him between $450 - $500 a month in cash flow. We talk about how he self-manages his properties, the unique thing he asks his tenants to do before he will rent to them, and how he avoids evictions and guarantees that he will receive rent each month.
Building Multiple Streams Of Income For Retirement With Chris Desarro (Ep 303)
February 23, 2021 08:00 - 20 minutes - 16.7 MBChris thought about buying rentals for over 30 years. He bought his first property in his 50's to provide him income during retirement. On this episode, we talk about how he buys and manages his rentals, and we go over his numbers on his most recent purchase.
Bonus: How To Get Approved For A Mortgage Today With Caeli Ridge
February 18, 2021 08:00 - 15 minutes - 12.1 MBCaeli talks about how you can take equity from one rental to buy another. We also talk about what it takes to qualify for a mortgage today, what lenders are looking for, and what documentation is required.
His Plan For Financial Freedom With A Small Rental Portfolio With Nick Zimmerman (Ep 302)
February 16, 2021 08:00 - 24 minutes - 19.7 MBNick is a big numbers guy and has figured out how to reach financial independence with a small rental portfolio. We go over his numbers and talk about how much he is buying properties for, what he is renting them for, and how many properties he will need to reach his goal. We talk about how he financed the properties that he has already purchased, and how he is saving money to make his future purchases with cash.
Bonus: How An Investor Friendly Agent Can Help You Buy Rentals With Adee Weismark
February 11, 2021 08:00 - 12 minutes - 10.3 MBAdee is an investor and a Realtor that specializes in helping investors buy rental properties. On this episode, he shares what investors should look for in an agent, how to find an investor-friendly agent, and how to keep an agent motivated to keep working for you.
Setting Up Systems To Easily Manage Rentals With Eric Helbock (Ep 301)
February 09, 2021 08:00 - 23 minutes - 18.9 MBEric shares how he has figured out how to make the self-management of his rentals easy. He talks about how he has automated some tasks while enlisting his tenants to help him with other tasks. We talk about how he pays his tenants to help him, and how he has brought his vacancy down to pretty close to zero. Eric also shares how good communication and working with tenants help him thrive with his rentals in a state that can be pretty landlord unfriendly.
Buying Rentals For Cash Flow And Appreciation With Ashley Wade (Ep 300)
February 02, 2021 08:00 - 21 minutes - 17.5 MBAshey talks about how she profits over $3,000 a month and has made $800,000 in appreciation on 4 rental properties over the last five years. We talk about the kinds of properties she's been buying, and how she manages her rentals while working full-time. We also review her income and her average monthly expenses.
Buying Rentals With No Money Using the BRRRR Strategy With Brady Myers (Ep 299)
January 26, 2021 08:00 - 21 minutes - 17.1 MBBrady shares how he's been building his rental portfolio with none of his own money using the BRRRR strategy. We talk about how he found an investor to loan him the money to buy and fix up his properties, what kind of work he's been doing on his properties, and how he refinances with a long-term lender to pay off his investor. We review his numbers on what he's paying for properties, what his mortgage payments are, and how much profit he makes every month on each property.
How To Make Your Rentals More Profitable With Lee Blackburn (Ep 298)
January 19, 2021 08:00 - 25 minutes - 20.6 MBLee is an investor and a property manager and has seen many clients be successful with rentals, as well as clients that haven't done well with their rentals. On this episode we talk about the most important factor in buying a rental property, the perfect number of bedrooms to have in a rental property, the best types of neighborhoods to invest in. Lee also shares how to minimize turnover, and how much an investor should, on average, budget for repairs.
How He Went From $0 - $15K Net Monthly Rental Income With Farris Gosea (Ep 297)
January 12, 2021 08:00 - 19 minutes - 15.9 MBFarris talks about how he built a rental portfolio that produces $15,000 a month in net cash flow, and how he did it iin just 2 years. We talk about the types of properties he's been buying, how he's financing them, and how he's been finding his deals. Farris also shares his gross cash flow, and what his monthly expenses look like.
He Had A Bad Start Buying Rentals. Here's How He Turned This Around, With David Haberfeld (Ep 296)
January 05, 2021 08:00 - 19 minutes - 15.3 MBDavid didn't know what he was doing when he bought his first 6 rentals. Things ended up not working out and his initial properties ended in a combination of foreclosure, short sale, and loan modification. David knew that he could make things work, if he tried a different strategy. On this episode, we talk about what he's doing differently today and how his new strategy has helped him get to 90 rentals.
Best Landlord Interviews Of 2020 (Ep 295)
December 29, 2020 08:00 - 20 minutes - 16.5 MBOn this episode we feature clips of the some of the best information that was shared on the podcast in 2020. We talk about: How thinking long-term helped him build cash-flow with Edwin "Stick" Dissoway (Ep 264) She only needed 7 rentals to replace her job income with Amanda Young (Ep 273) How to easily manage your rentals with Ron Faraci (Ep 281) Building his rental portfolio without debt with John (Ep 263) How he went from broke to $20,000 a month in net cash flow with John Soforic (Ep...