Rental Income Podcast With Dan Lane

Ann 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.

Brendan 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.

Larry 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.

Husband 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.

Chris 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.

The 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.

On 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.

John 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.

Randy 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.

When 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.