Rental Income Podcast With Dan Lane

Lee 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.

Farris 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.

David 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.

On 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 260)What makes the perfect rental with Pam Brantley (Ep 252)

Brian 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.

Daniel 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.

3 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.

Matt 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.

Anton 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 talk about how much money he sets aside to deal with emergencies.

Dean 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.