Rental Income Podcast With Dan Lane
508 episodes - English - Latest episode: 22 days 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
Analyzing A Rental Property Deal With Andrew Syrios (Ep 202)
March 19, 2019 07:00 - 28 minutes - 22.8 MBThis episode is an interesting look at a rental property purchase from start to finish. We talk about what Andrew was looking for in a rental, how he found it, and how he estimated the rehab expenses before he made an offer. We talk about how he resolved a big issue that he discovered during the inspection period. We then compare his rehab estimates to the actual cost of the rehab. Finally, we talk about how the rental has actually performed compared to his estimates.
This Landlord Retired In His 30's With A Simple Strategy With Jason Pero (Ep 201)
March 12, 2019 07:00 - 27 minutes - 21.9 MBJason shares how he built his rental portfolio the old fashioned way by saving for down payments. He slowly bought properties as he had enough for down payments. Eventually, he had enough rental income to replace his W2 income.
Why We Sold 2 Rentals With Dan & Suzanne Lane (Ep 200)
March 05, 2019 08:00 - 24 minutes - 19.8 MBOn this episode, we talk about why we recently sold two rental houses. We also talk about how we have been finding other properties to add to our portfolio and talk about a few of the rentals that we have recently purchased.
His Rental Income Covers 50% Of His Monthly Living Expenses With Marc Santos (Ep 199)
February 26, 2019 08:00 - 27 minutes - 21.7 MBMarc shares how he started building his rental portfolio after reading Rich Dad, Poor Dad. He was buying a new property about every 10 months and realized that it was going to take him forever to get where he wanted to go. He eventually left his job to work full-time as a Realtor, and today his rental portfolio could support about 50% of his monthly expenses. On this episode, we talk about managing his portfolio, how he find deals, and how he started working with partners.
He Makes $6K A Month Profit With Only 2 Rentals With Brandon Corkins (Ep 198)
February 19, 2019 08:00 - 25 minutes - 20.4 MBBrandon shares how he was able to leave his job after buying 2 single family houses. We talk about why he decided to rent out the houses by the room vs renting the house to one tenant. We also talk about how he financed the rentals, how long it takes to manage them, and how he budgets for repairs and capex.
How Many Rentals Do You Really Need For Financial Independence? With Cory Binsfield (Ep 196)
February 05, 2019 08:00 - 23 minutes - 19 MBA listener recently sent me an email saying that he reached financial freedom with 10 rentals. He wanted to know why people build really large portfolios when they probably don't really need to. On this episode, we talk to a landlord that has over 100 rentals to ask him why he built such a large portfolio.
He Lost His Rentals When He Got Divorced, So He Built A New Portfolio With Scott Sklare (Ep 195)
January 29, 2019 08:00 - 25 minutes - 20.3 MBScott built a rental portfolio of college rentals shortly after he graduated from college. The portfolio was working out great, and providing lots of cash flow. Scott ended up getting divorced and losing his entire portfolio. On this episode, we talk about how he built his first portfolio, and how he ended up building a better portfolio the second time around.
How He Got A FREE Rental Property With Rich Levine (Ep 194)
January 22, 2019 08:00 - 26 minutes - 21.5 MBWe talk to Rich about a recent deal that he worked out where he ended up getting a rental property for free. Rich has very little turnover with his portfolio. We talk about what he is doing to get his tenants to stay for long periods of time. Rich also talks about a few recent deals he has done that don't meet the 1% rule, but are still profitable.
Her Simple Strategy To Save For Down Payments With Jo Gerrior (Ep 193)
January 15, 2019 08:00 - 24 minutes - 19.9 MBJo shares how she got started in real estate by doing live-in flips and keeping houses to rent when she moved. Recently she has bought two properties using 20% down payments. Saving the money for down payments can be a challenge for a lot of people. On this episode, we talk about her simple strategy for saving for down payments. We also talk about how much she sets aside for repairs on her rentals.
Turning A Single-Family Rental Into A Hostel With Alina Gavrila and Joe Do (Ep 192)
January 08, 2019 08:00 - 24 minutes - 19.7 MBAlina and Joe tell their story of renting out beds on a short-term basis to travelers. They have 30 beds available between two single-family houses. They even trade out the management to longer-term travelers that they let stay for free in exchange for managing the rentals.
3 Tools He Uses To Automate His Property Management With Jeff Copeland (Ep 191)
December 11, 2018 08:00 - 20 minutes - 16.5 MBJeff shares how he got started owning rental properties, and 3 tools that he uses to make the management of his rentals easy.
Renting Rooms To College Students With Tiffany Alexy (Ep 190)
December 04, 2018 08:00 - 21 minutes - 17.4 MBTiffany bought her first property when she was still in college and rented out rooms to other students. After she graduated she bought a few more properties and has continued to rent the properties out by the room. On this episode, Tiffany shares her experience owning college rentals, and tips to manage the tenants.
Hiring A Property Manager Vs Self-Managing Rentals With Matt Faircloth (Ep 189)
November 27, 2018 08:00 - 28 minutes - 22.7 MBMatt shares how he started out investing with a house hack. As he started buying more rentals he self-managed. Eventually, he needed help and instead of hiring a property manager, he hired part-time people to help him. Recently, he turned over the day to day management of his rentals over to a property manager. This episode is an interesting look into what Matt was thinking as he grew his portfolio.
He Bought His First Rental By Applying What He Learned On This Podcast With Brian Heron (Ep 188)
November 20, 2018 08:00 - 24 minutes - 19.2 MBBrian read books and thought about buying rentals for 15 years. He was a follower of Dave Ramsey and thought that he needed to save a large sum of money to buy a rental. After he listened to the Rental Income Podcast, he heard a previous episode, where a guest bought a rental with a small down payment. After hearing that episode he thought that might be a better way to get started. On this episode, we talk about exactly what he did.
How This Couple Went From 0 To 11 Rentals With Will And Veronica Pritchett (Ep 187)
November 13, 2018 08:00 - 26 minutes - 21.4 MBWill and Veronica share how they started buying rentals knowing nothing about how to do it. Over the last few years, they have figured it out, and have managed to buy 11 rentals. On this episode, we talk about how they did it, and how they have set up systems to make the management of the rentals easy.
He House Hacked Twice, Now He Lives For Free (Without House Hacking) With Jim Murray (Ep 186)
November 06, 2018 08:00 - 23 minutes - 18.8 MBWe talk about how Jim started with just a little bit of money and bought a 4 unit building. The rent from 3 of the units covered the mortgage, and he lived for free. He then did the same thing with a second building. Today the cash flow from his 8 tenants pays his mortgage at the house he lives in (without tenants). On this episode, we go over the numbers and talk about some of the challenges that he's had along the way.
From House Hacking To $200K In Rental Income While Working Full-Time With Joel Towner (Ep 185)
October 30, 2018 07:00 - 22 minutes - 17.7 MBJoel talks about how he started by house hacking 5 times and eventually built a rental portfolio that produces $200K in rental income. We talk about how he had to manage his portfolio differently as his portfolio grew. We also talk about the online tools that he uses to manage his portfolio.
He Went From $0 To 6 Figures In Rental Income In 4 Years With Luis Quintanilla {Ep 184)
October 23, 2018 07:00 - 21 minutes - 19.3 MBLuis shares how he started with nothing and built a portfolio that pays him 6 figures a year. We talk about how he invests in a different town that he lives in. We also talk about how he finds deals, manages rehabs and manages his rentals.
He's Half Robert Kiyosaki And Half Dave Ramsey With Andrew Fidler (Ep 183)
October 16, 2018 07:00 - 20 minutes - 16.5 MBAndrew talks about how he uses debt to buy rentals, but he's not comfortable having a lot of debt. He talks about his strategy to get his rentals paid off quickly. We also talk about how he was able to leave his job because of his rental income. Andrew talks about why he loves Section 8 rentals.
Why He Sold All Of His Rentals With Brian Dinkel (Ep 182)
October 09, 2018 07:00 - 21 minutes - 17.4 MBBrian became a landlord because of a flip that went bad. He made some mistakes as a new landlord at first, but he figured things out and saw the value in owning rentals. Over the next few years, he ended up buying more properties. One day something changed and he sold his entire portfolio. On this episode, we talk about why he bought and why he sold, as well as what he learned during his time as an investor.
Building A Rental Portfolio Without Mortgages With John (Ep 181)
October 02, 2018 07:00 - 20 minutes - 16.8 MBJohn talks about how he wanted to invest in real estate but he didn't like the idea of taking out mortgages. He had saved money over the years and has paid cash for his entire portfolio. Today his rentals take a few hours a month to manage and they generate $60,000 a year after all expenses.
He Survived An Eviction & His Tenants Flooding His Rental with Justin Fraser (Ep 180)
September 25, 2018 07:00 - 23 minutes - 18.8 MBJustin talks about how did all the right things with buying his rentals but had a few bad things happen to him in his first two years. He had to evict his first tenant and his second tenant flooded his property. On this episode, we talk about what happened, and what he learned.
He Moved To A New City To Buy Rentals With Pete Barrow (Ep 179)
September 18, 2018 07:00 - 19 minutes - 15.7 MBPete had always thought about buying rental properties, but real estate prices were too expensive where he lived. A few years ago his sons moved to Indianapolis. He went to visit and saw the potential that he could buy properties pretty inexpensively and rent them out for a profit. On this episode, we talk about how he did it, what he's looking for in a rental, the numbers he's looking for in a rental, and how things have worked out over the last few years.
A Newer Landlord Getting Off To A Great Start With Ben Mizes (Ep 178)
September 11, 2018 07:00 - 23 minutes - 19.1 MBBen shares his story of how he has gotten off to a great start building his rental portfolio. He shares how he got started living for free with a house hack, and what he learned from getting ripped off by contractors on his second deal. 5 Steps To Buy Your First Rental: http://www.landlordgift.com
How He Built A Large Portfolio In Just 3 Years (While Working FT) With Ian Reeves (EP 177)
September 04, 2018 07:00 - 23 minutes - 19 MBIan talks about how he built a large portfolio in just 3 years. It hasn't been all smooth sailing. We talk about the challenges he has faced, and how he survived. 5 Steps To Buy Your First Rental http://www.landlordgift.com
He Got Laid Off And Realized It's Dangerous Having Only One Source Of Income With Andrew Petroline (Ep 176)
August 28, 2018 07:00 - 20 minutes - 16 MBAndrew researched and thought about buying rentals for 12 years. After getting laid off from his job he realized that only having one source of income was dangerous, and decided that he was finally ready to pull the trigger and buy a 6 unit apartment building. On this episode we talk about how he found the property, how he financed it, and how he has dealt with some challenges that he has faced in the last year of owning the property. 5 Steps To Buy Your First Rental: http://www.landlordgif...
Buying Rentals Without Banks & His Tenant Stopped Paying Rent With Cristhian Huamani (Ep 175)
August 21, 2018 07:00 - 19 minutes - 16 MBWe talk about how Cristhian wasn't able to get approved for mortgages when he first started investing in rentals, and how he was able to get the sellers to finance his purchases. We talk about who is a good candidate for seller financing, and talk about the details of his first deal. We also talk about Cristhian's criteria when he is selecting a tenant, and go over the details of a recent tenant that stopped paying after 6 months. 5 Steps To Buy Your First Rental: http://www.landlordgift.com
How A House Hack Snowballed Into Tons Of Cash Flow And Equity With Theo Jones (Ep 174)
August 14, 2018 07:00 - 26 minutes - 21.5 MBTheo tells his story of how an ad for a real estate seminar sparked his interest in rentals. That seminar led to him buying a house hack. By not having to pay rent, Theo was able to save money and that money enabled him to buy more rentals. Free Ebook: 5 Steps To Buy Your First Rental: http://rentalincomepodcast.com/5steps
He Might Lose His Pension, So He Created His Own With Rentals With Ian Horowitz (Ep 173)
August 07, 2018 07:00 - 27 minutes - 21.8 MBIan is a fireman and a few years ago the city that he works for was talking about getting rid of their pension plan. Ian took matters into his own hands to secure his future and started buying rentals that could be his own personal pension plan. On this episode we talk about how he works full-time and self manages a large rental portfolio. Why he makes his rentals nicer than the competing rentals in his neighborhoods, and what he takes out of his properties.
The Worst Case Scenario Happened To His Rentals, And He Survived With Jason Downing (Ep 172)
July 31, 2018 07:00 - 23 minutes - 18.7 MBJason bought 7 rentals over the last 18 months. He did everything right with purchasing the properties, but he had a ton of repair issues happen in a short period of time. On this episode we talk about what happened and how he dealt with the issues.
He Bought Rentals To Pay His Student Loans With Mike O'Dell (Ep 171)
July 24, 2018 07:00 - 19 minutes - 15.3 MBMike tells his story of how he graduated with $200,000 in student loans. He couldn't afford the monthly payments, so he bought rentals that produce monthly cash flow that he uses to pay his payments.
Building A Rental Portfolio With Creative Financing With Austin Miller (Ep 170)
July 17, 2018 07:00 - 20 minutes - 16.2 MBAustin started building his rental portfolio shortly after graduating from college. He didn't have a lot of cash for down payments, so he got creative and figured out how to use other people's money to build his portfolio. On this episode Austin talks about some of the strategies he has used.
He Retired Off Rental Income With Cory Fawcett (Ep 169)
July 10, 2018 07:00 - 23 minutes - 19 MBCorey tells his story of how he started his career with $500,000 in debt. He started buying rentals while working full-time, and over time built up enough passive income to retire.
He Made A Few Mistakes And Lost Thousands Of Dollars With HIs Rental With Jason Bangerter (Ep 168)
July 03, 2018 07:00 - 27 minutes - 22.4 MBJason tells his story of how he got stuck with a house that he was trying to flip. He decided to rent it out on VRBO. Things were going good, until he found out the city he was in didn't allow short term rentals, and shut him down. He then turned it into a regular rentals and made several key mistakes that ended up costing him thousands of dollars. We talk about the mistakes he made, and what he would do differently if he was in that situation again.
The Big Mistake Landlords Make When They Self-Manage With Rick Sein (Ep 167)
June 28, 2018 07:00 - 20 minutes - 16 MBRick owns a property management company and also personally owns 19 rentals. On this episode we talk about what Rick has learned from managing his rentals as well as working with other rental owners.
How He Found Profitable Rentals Living In An Expensive Market with Chris Ressa (Ep 166)
June 26, 2018 07:00 - 24 minutes - 19.4 MBChris lives in an expensive market and wanted to buy cash flowing markets. The numbers didn't work on any of the properties near his home, so he started looking at other markets an hour or two from where he lives. On this episode, we talk about how he found and financed his properties, how he self-manages them while working a full-time job, and about how he has dealt with tenant issues.
How A New Investor Got His First Deal With Jerry Ellis (Ep 165)
June 21, 2018 07:00 - 21 minutes - 17.2 MBJerry just closed on his first deal and on this episode we walk through exactly how he got started. We talk how he researched getting started, how he found his first deal, what he needed to do to get it ready, and how he found his first tenants.
How He Bought 7 Properties In His First Year (With Just A Little Money) With Will Mitchell (Ep 164)
June 19, 2018 07:00 - 25 minutes - 20.2 MBWill talks about how he has been buying properties with just a little money out of his pocket, fixing them up, and then doing a refinance into a commercial loan. We talk about a mistake he made early on that cost him $7,000. We also talk about how he built a relationship with a bank that will allow him to continue to build his portfolio.
The "Great Deal" She Found Was A Former Meth House With Margaret (Ep 163)
June 14, 2018 07:00 - 24 minutes - 19.6 MBMy guest found an incredible deal on a rental. It was a great price, and it great shape. But, Margaret did some research and found out that the house was a former meth house and wasn't safe for anyone to live in. On this episode, we talk about how she figured out the history of the house, what she needs to do to make the house safe, and how you can avoid buying a meth house.
His Tenants Sued Him, But He Still Loves Rentals With Jaspreet Singh (Ep 162)
June 12, 2018 07:00 - 22 minutes - 18.4 MBMy guest today has had some really bad things happen to him while owning rentals. He's been talking advantage of by tenants, sued by his first tenants, and ripped off by contractors. Even with all the bad things that have happened to him, he still loves owning rentals and thinks they are a great investment. On this episode we talk about how he dealt with issues and has gone on to build a great rental portfolio.
How He Got Started With No Money Or Credit With Troy Gandee (Ep 161)
June 07, 2018 07:00 - 28 minutes - 22.6 MBTroy talks about how he got started buying rentals right out of college. We talk about how he did his first couple of deals with no money or credit. Today Troy owns 4 properties and generates enough rental income that it has almost replaced his wife's income.
How They Remotely Manage Rentals In Canada While Living In The US With Cliff And Minna (Ep 160)
June 05, 2018 07:00 - 24 minutes - 19.9 MBMy guests today weren't happy with the service and the cost of their property manager. They decided to fire their property manager and put systems and a team in place, so they can manage their properties remotely from another country. Doing this saves them $5,000 a month.
Bonus: What You Need To Know About Landlord Insurance With Shawn Woedl
May 31, 2018 07:00 - 18 minutes - 14.7 MBWe talk about the different types of policies landlords need to protect themselves, different coverages landlords should consider adding, and why landlords should require tenants to have renters insurance.
He Made One Huge Change To Survive And Profit From The Great Recession With Forrest Odendhal (Ep 159)
May 29, 2018 07:00 - 24 minutes - 19.4 MBForrest started buying rentals in the early 2000's, when Great Recession started he knew that the market was going to change. He quickly adjusted and made a huge change that helped him survive and profit from the recession.
Rentals From The Tenants Point Of View - An Interview With Two Tenants (Ep 158)
May 22, 2018 07:00 - 20 minutes - 16.2 MBI talk to 2 different tenants about what it's like to be a renter. The first tenant is in a C- or D class neighborhood, and the second is in a B class neighborhood. We talk about how they found the properties, what the screening is like, and how the manager has dealt with any issues they have had.
Bonus: How To Finance Rentals With lender Caeli Ridge
May 17, 2018 07:00 - 25 minutes - 20.2 MBWe talk about how to get qualified for a rental, how to get the financing to build a portfolio, and we talk about a case study of an investor that started with no rentals and how they were able to build a large rental portfolio in just 2 years
How Rentals Helped Them Semi-Retire With Kenji Askura & Letizia Alto (Ep 157)
May 15, 2018 07:00 - 23 minutes - 19 MBMy guests today share how they were able to replace their W2 income with rental income. Today Kenji works part-time, and Letizia works full-time because they enjoy their jobs, and they want to work, not because they have to. They also share info about a program that they use that provides them with tenants that pay above market rent.
How He's Getting Guaranteed Rent By Helping Homeless Military Vets With Kirby Atwell (Ep 156)
May 08, 2018 07:00 - 22 minutes - 18 MBWe talk about a government program that is providing housing to homeless vets. We talk about how Kirby is finding properties, fixing them up, and then the government places tenants and pays their rent.
Bonus: How To Use A Judgement To Collect From A Tenant With Attorney Jules Haas
May 03, 2018 15:40 - 21 minutes - 17.5 MBWe talk about what you need to get a judgement, if you can garnish wages, other ways to collect, and when it may not be worth it.
Top 4 Markets For Rental Cash Flow With Marco Santarelli (Ep 155)
May 01, 2018 07:00 - 36 minutes - 29.1 MBMarco shares the top 4 markets for cash flowing rental properties. We talk about price points to purchase properties, average rents, and what makes each market a good investment