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
How Much Rental Income Can You Make Off 8 Rentals? With Brian Heron (Ep 294)
December 22, 2020 08:00 - 22 minutes - 18.4 MBBrian joined us on the podcast 2 years ago after he bought his first rental. On this episode, we follow-up with him and hear how he went from that first rental to 8 buildings. We talk about where he found the money for down payments, and review his income, expenses, and his profit. We talk about how much money he sets aside for expenses, and how he has automated the management of his rental portfolio.
How He Retired Off Rental Income In 5 Years With Daniel Harvey (Ep 293)
December 15, 2020 08:00 - 24 minutes - 19.8 MBDaniel made a plan to replace his job income with rental income within 5 years, and he did it! On this episode, we talk about he really didn't know what he was doing when he started, but he figured it out and learned as he bought more properties. We talk about how he funded his rental purchases and how he figured out how much rental income he would need to feel comfortable walking away from his job.
Should You Diversify Your Rental Portfolio? 3 Landlords Debate (Ep 292)
December 08, 2020 08:00 - 26 minutes - 21.2 MB3 landlords talk about if they think it's a good idea for investors to diversify a rental portfolio. We take a look to see what they are doing and see if they have rentals in different areas, or if they have other types of diversification in the types of properties they have, the types of industries that their tenants work in, or if there are other ways to diversify.
This Business Plan Helps Him Make $500/Month Per Rental With Matt McCurdy (Ep 291)
December 01, 2020 08:00 - 21 minutes - 17 MBMatt shares how he wrote a business plan for his rental portfolio when he started buying rentals. We talk about the assumptions he used, his target cash flow per rental, and how he budgets for repairs and other expenses. We also talk about how the written plan helped him meet and exceed his goals for his cash flow and his rental portfolio.
Multiple Tenants Stopped Paying Rent At The Same Time - Here's How This Landlord Turned Things Around With Anton Ivanov (Ep 290)
November 24, 2020 08:00 - 24 minutes - 19.8 MBAnton shares how he dealt with an issue, earlier this year, when a large number of his tenants were not able to pay rent at the same time. We talk about how he jumped into action and came up with a plan to help his tenants get back on their feet, so they could pay him rent. We go over exactly what he did, and how he was able to get his tenants back to being current with their rent. Anton also shares how having cash reserves gives him the confidence to survive this difficult situation. We t...
Multiple Tenants Stopped Paying Rent - How He Turned Things Around With Anton Ivanov (Ep 290)
November 24, 2020 08:00 - 24 minutes - 19.8 MBAnton shares how he dealt with an issue, earlier this year, when a large number of his tenants were not able to pay rent at the same time. We talk about how he jumped into action and came up with a plan to help his tenants get back on their feet, so they could pay him rent. We go over exactly what he did, and how he was able to get his tenants back to being current with their rent. Anton also shares how having cash reserves gives him the confidence to survive this difficult situation. We t...
7 Laws To Make Money From Rentals With Dean Savarino (Ep 289)
November 17, 2020 08:00 - 21 minutes - 17.4 MBDean has been a landlord for 24 years and through trial and error, he has figured out what works and what doesn't work with rental properties. On this episode, Dean shares 7 things that he has figured out that will make people more successful as rental investors.
Meet The Father And Son That Are Buying Rentals Together With Chris & Gerrit Bruni (Ep 288)
November 10, 2020 08:00 - 22 minutes - 18.1 MBOn 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.
How To Build A Rental Portfolio As Partners With Chris & Gerrit Bruni (Ep 288)
November 10, 2020 08:00 - 22 minutes - 18.1 MBOn this episode, we meet Chris and Garrett, 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.
Properties Got Too Expensive - Here's How He Kept Buying Rentals With James Ledbetter (Ep 287)
November 03, 2020 08:00 - 23 minutes - 18.9 MBJames 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 manages his rentals from 5 hours away.
How Much Money Can You Make Renting To Traveling Nurses? With Chris Kelly (Ep 286)
October 27, 2020 07:00 - 17 minutes - 14.3 MBChris 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.
How He Got Rich With Cheap Rental Houses With Ken Brown (Ep 285)
October 20, 2020 07:00 - 23 minutes - 18.6 MBFour 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 sold his portfolio, and how much extra profit he made by finding the right buyer.
Why He Sold His Rentals With Ken Brown (Ep 285)
October 20, 2020 07:00 - 23 minutes - 18.6 MBFour 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 sold his portfolio, and how much extra profit he made by finding the right buyer.
4 Ways He Makes Extra Money To Buy Rentals With Zack Bobo (Ep 284)
October 13, 2020 07:00 - 19 minutes - 15.5 MBAfter 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.
From No Money To Financial Independence From Rentals With David Grabiner (Ep 283)
October 06, 2020 07:00 - 24 minutes - 19.4 MBDavid 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.
Here's What He Learned Buying His First 2 Rentals With Jeremy Airello (Ep 282)
September 29, 2020 07:00 - 18 minutes - 15.1 MBJeremy 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.
How To Make Your Rentals More Passive With Ron Faraci (Ep 281)
September 22, 2020 07:00 - 24 minutes - 19.2 MBRon'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.
The 1% Rule Doesn't Exist In His Area - Here's How He's Making Money With His Rentals With Matthew Crawford (Ep 280)
September 15, 2020 07:00 - 20 minutes - 16.2 MBMatthew'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.
How A Small Rental Portfolio Paid For Her To Travel The World With Tiffany Green (Ep 279)
September 08, 2020 07:00 - 25 minutes - 20.3 MBTiffany 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.
Bonus: Update On Mortgage Rates & New Mortgage Tax
September 03, 2020 07:00 - 8 minutes - 6.95 MBCaeli 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.
Managing Your Own Rentals Is A Really Bad Idea With Jennings Smith (Ep 278)
September 01, 2020 07:00 - 19 minutes - 15.8 MBJennings 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 make an investor more money.
The Old School Get Rich Slow With Rentals Program With Joel Miller (Ep 277)
August 25, 2020 07:00 - 22 minutes - 17.7 MBJoel 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 we talk about how he did it, and he gives advice on how you can do it too.
This Landlord Has Some Huge Problems - Let's See If We Can Help Her (Ep 276)
August 18, 2020 07:00 - 25 minutes - 20.3 MBMy 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.
Is It A Good Idea To Cash Out Your 401(K) To Buy Rentals? Meet The Guy Who's Happy He Did It - Heman Chand (Ep 275)
August 11, 2020 07:00 - 24 minutes - 19.8 MBHeman 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 technique to get rent increases, and how he has had zero vacancy in his rental portfolio.
His Simple Formula To Make $1 Million From Rental Properties With Marcus Auerbach (Ep 274)
August 04, 2020 07:00 - 20 minutes - 16.6 MBMarcus 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.
From A Few Thousand Dollars To 7 Rentals That Pay All Her Living Expenses With Amanda Young (Ep 273)
July 28, 2020 07:00 - 23 minutes - 18.5 MBAmanda 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.
Can You Really Make Money With Turnkey Rentals? With Joe DiSanto (Ep 272)
July 21, 2020 07:00 - 23 minutes - 18.6 MBJoe 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 investor needs to be profitable with turnkey and the number for a self-managed property.
He Did A BRRRR On A Small Apartment Building (And Increased Cash Flow $11K/Month) With John Warren (Ep 271)
July 14, 2020 07:00 - 21 minutes - 17.3 MBJohn 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.
How She Retired Off Rental Income In Her 30's With Ann Belter (Ep 270)
July 07, 2020 07:00 - 22 minutes - 18.1 MBAnn 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 how Ann did it.
How To Build Wealth With A 1031 Exchange With Brendan Lewis (Ep 269)
June 30, 2020 07:00 - 30 minutes - 24.4 MBBrendan 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 tax.
How To Make Big Returns Renting Cheap Houses With Larry Myer (Ep 268)
June 23, 2020 07:00 - 23 minutes - 18.7 MBLarry 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.
How This Couple Went From 0 - 6 Rentals With Darrell And Ana (Ep 267)
June 16, 2020 07:00 - 21 minutes - 17.3 MBHusband 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.
He Thinks He Made A Big Mistake Buying Rentals With Cash With Chris Haldeman (Ep 266)
June 09, 2020 07:00 - 19 minutes - 16 MBChris 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 challenges he has faced as a landlord, and how he overcame them.
How To Make More Money From Your Rentals (Ep 265)
June 02, 2020 07:00 - 27 minutes - 21.9 MBThe 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 luck. On this episode, we find out what she is doing to keep tenants for so long.
How He Built A Rental Snowball That Buys Him More Rentals With Edwin "Stick" Dissosway (Ep 264)
May 26, 2020 07:00 - 20 minutes - 16.2 MBOn this episode of the podcast, Edwin describes how he bought properties and used the cash flow that those properties generated to buy more properties. The more properties he bought the bigger his cash flow became, and the more properties he could continue to buy. We also talk about the hidden way that rentals helped him build wealth, and some of the things he has done to make his rentals more profitable.
The No Debt Rental Investing Plan With John (Ep 263)
May 19, 2020 07:00 - 22 minutes - 18.4 MBJohn shares how he built his rental portfolio without any debt. We talk about how he saved the money to buy his rentals with cash. He also goes over the numbers for one of his recent rentals, and he talks about why he only buys properties in really good neighborhoods.
How They Make Double The Rent (With A 5 Year Lease) With Randy & Jana Hubbs (Ep 262)
May 12, 2020 07:00 - 22 minutes - 18.2 MBRandy and Jana share their unique strategy of leasing single-family houses to a charity that provides housing to special needs kids. Randy and Jana are not responsible for any child care or any of the activities inside the home. On this episode, they explain how the program works, the best type of properties to do this with, and what their experience has been like.
Don't Make These Mistakes With Your Rentals With Jens Nielsen (Ep 261)
May 05, 2020 07:00 - 23 minutes - 18.8 MBWhen Jens bought his first couple of rentals he made a few mistakes. He had a lot of trouble with the type of tenants he was attracting, and his repair expenses were a lot higher than he thought they should be. Pretty quickly, he figured out what he was doing wrong and he made some adjustments to his investing criteria. On this episode, we figure out what he did wrong, what he learned, and how that experience has made him a better investor today.
How He Went From Broke To $20,000 In Monthly Rental Income With John Soforic (Ep 260)
April 28, 2020 07:00 - 24 minutes - 19.9 MBJohn shares how he figured out the math behind building a rental portfolio that generates him $20,000 a month in profit. We talk about how he built his portfolio without taking a lot of risk, and why he likes buying properties that don't require a lot of rehab work.
Bonus: The Ugly Truth About Mortgage Forbearance
April 25, 2020 21:59 - 7 minutes - 6 MBIf you are in a tight spot financially, or you think you may be in the future, a mortgage forbearance might sound like the perfect solution. You take a break from your mortgage payments and you can catch up in the future when things are better. This sounds great, but there is a BIG downside to taking a forbearance. On this bonus episode, we talk about what will really happen, if you take a mortgage forbearance.
Will Jobless Tenants Pay Rent? Four Landlords Share Their Experience (Ep 259)
April 21, 2020 07:00 - 25 minutes - 20.5 MBWhat happens when good tenants get laid off? If they lose their job will they still pay rent? On this episode, we talk to four landlords to hear their experience with collecting rent during COVID-19. We talk about how many of their tenants paid rent, and some of the strategies that they are using to help their tenants get the money to pay them.
How He Replaced His Job Income With A Small Rental Portfolio With Chris Cucchiara (Ep 258)
April 14, 2020 07:00 - 22 minutes - 18.3 MBWe first met Chris, on this podcast, two years ago. On episode 148, Chris talked about how he was working full-time, and slowly building his rental portfolio on the side. On this episode, we follow-up with Chris, and find out that he has been able to leave his job, and today he and his wife live off their rental income. We talk about how he was able to increase his real estate income and lower his expenses.
How He Bought 11 Rentals Without Having A High Paying Job With Andy Samuelson (Ep 257)
April 07, 2020 07:00 - 23 minutes - 18.7 MBAndy is a teacher and doesn't make a lot of money. But, he has managed to buy 11 rentals over the last few years. On this episode, we talk about the different strategies that he has used to buy his properties, and how he manages his rentals with his full-time job. We also talk about the unique way that he screens his tenants, and how he has been able to squeeze a little extra monthly cash flow out of his rentals.
Bonus: How Changes To The Mortgage Market May Benefit Investors
April 02, 2020 07:00 - 17 minutes - 14.1 MBCOVID-19 continues to change the mortgage market. On this bonus episode, Caeli Ridge talks about how mortgage lending programs have changed in the last few weeks, and how some of these changes may benefit investors. We also talk about changes to the way that appraisals are being done today. As well as how banks are working with rental property investors, if they have a tenant that can't pay rent due to a job loss or illness.
His Rental Income Pays All His Living Expenses And He Saves 100% Of His Job Income With Matt Lenza (Ep 256)
March 31, 2020 07:00 - 22 minutes - 18.3 MBMatt talks about how he was able to reduce his living expenses by house hacking. Doing this enabled him to save money that he used to buy really cheap properties (in good neighborhoods. Today the cash flow from those properties is enough to cover all of his living expenses. He still works full-time, but he is able to save 100% of that money, to continue to build his wealth and buy more rentals.
He Survived (And Profited) During The Last 2 Recessions - Here's What He's Doing Now With Jason Pero (Ep 255)
March 24, 2020 07:00 - 20 minutes - 16.3 MBJason bought rentals, and made a lot of money, during the last two recessions. On this episode, compare how he felt after 9/11 and 2008 vs today and if he would buy rentals in this market. Jason has also recently made a lot of changes to the way he manages his rental properties due to the Coronavirus. We talk about what he's doing differently with showings, managing tenants, and working with late payments.
How Coronavirus Is Changing Things For Landlords With Fleming Schutrumpf (Ep 254)
March 17, 2020 07:00 - 18 minutes - 14.8 MBFleming shares how Coronavirus has affected him and his rentals so far. We also share tips on how to communicate with tenants during this crisis, and how landlords can protect their investment.
Analyzing His First Rental Property With Tucker Cummings (Ep 253)
March 10, 2020 07:00 - 23 minutes - 18.6 MBTucker just closed on first rental. On this episode, we talk about how he educated himself on rentals, how he made connections with local a local Realtor and Property Manager. We also talk about how he researched different neighborhoods to find the best area to invest in. We review his numbers and talk about how much he is making monthly on his first deal.
Bonus: How Coronavirus Is Affecting Mortgage Rates With Caeli Ridge
March 05, 2020 08:00 - 11 minutes - 8.89 MBWe talk about how the Coronavirus and the emergency rate cut have affected the mortgage market. We look at the current rates and talk about when it might make sense to refi a rental.
The Formula For Buying The Perfect Rental With Pam Brantley (Ep 252)
March 03, 2020 08:00 - 22 minutes - 17.9 MBPam has been investing in rental properties for 40 years, and also owns a property management company that manages over 1,000 rentals for other investors. Through that experience, she has figured out exactly what makes a profitable and low-hassle rental property. In this episode, she shares exactly what she's looking for when she buys a rental property. We also talk about some of the big mistakes that she sees investors make.