Rental Income Podcast With Dan Lane

John 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.

If 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.

What 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.

We 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.

Andy 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.

COVID-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.

Matt 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.

Jason 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.

Fleming 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.

Tucker 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.