Passively Rich with Rentals | Out-of-State Rental Investing for Busy Professionals

Rental property tax deductions, bonus depreciation, cost segregation, and real estate professional status. Are you taking advantage of the tax benefits available to real estate investors?

In this episode of Passively Rich with Rentals, I'm joined by tax strategist Barbara to talk about how rental property owners, W-2 earners, and entrepreneurs can make smarter tax decisions.

We're covering everything from rental property write-offs and passive losses to the short-term rental tax loophole, paying your kids through your business, and why having a tax strategy matters.

One of my favorite parts of this conversation? Learning what happens to rental property tax losses you can't use today and how they may benefit you in the future.

Whether you already own rental properties or are just getting started, you'll walk away with some great questions to bring to your tax professional!

CONNECT WITH BARBARA

Follow Barbara on Instagram:
https://www.instagram.com/mytaxcoach/

READY TO BUILD YOUR OWN RENTAL PROPERTY PORTFOLIO?

Learn how to confidently buy rental properties out of state without becoming a landlord.

Don't know where to buy, what to buy, or who to trust?

Give me 10 minutes.

https://go.passivelyrichwithrentals.com/watchnow-page

Or book a free strategy call to see if my mentorship is right for you:

https://www.passivelyrichwithrentals.com/scheduling

If you enjoyed this episode, please share it with someone who could benefit from learning more about real estate investing!

Let's turn those paychecks into rent checks!

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Most people don't stall because they can't read a mortgage calculator. They stall because nobody will tell them which market, which team, and which house. 

If that's you, the next step is simple: In about 40 minutes I walk you through the exact People, Property, and Process system I use to buy out of state without becoming a landlord, including a real property projecting a 17% return that I would not buy and why. 

Register, and I'll also send you my "Deal or No Deal" Calculator so you can screen a property in about 30 seconds. 

Watch it on demand; no live call to wait for.

Watch the free training here: https://ladyluckinvestments.com/lazy-training-sign-up

Know someone who's been thinking about buying a rental for years and still hasn't pulled the trigger? Send them this one.

1. 🎙️ Enjoyed this episode? Tap the link below to leave us a quick 5-star review! It takes less than 60 seconds and helps other busy professionals find the show. 
   1. Leave a 5-Star Review Here------->  https://ratethispodcast.com/passive
2. Not sure if you're ready to buy your first rental or if something is holding you back? Take the Gut Check: ...

I bought one little rental house in 2019 and then pretty much forgot about it. 

Seven years later, I pulled up the numbers. 

I was not expecting what I saw. 

Watch the Free Training: The Lazy Investor Method 

You’ve done the research. So why haven’t you bought yet? This free training breaks down the three things keeping almost every first-time investor stuck and how to finally move forward with confidence. 

---> https://go.passivelyrichwithrentals.com/watchnow-page

Or if you’re ready to talk about how to become a lazy investor, book a free strategy call with me at https://www.passivelyrichwithrentals.com/scheduling

In this episode: 

• The real numbers on a rental I bought in 2019, and what they look like today
• The one thing I did (and didn’t do) that made all the difference
• Why I spend less than an hour a year on this property
• The question everyone asks me: “Can you still find deals like this?”
• A property I’m looking at right now that might change your answer

You’ll walk away knowing what owning a rental actually looks like years down the road, and why you may not need to do nearly as much as you think to get started.

If you’re ready to start building your portfolio, head to PassivelyRichWithRentals.com to watch the free training or book your strategy call.
 
See you on the next one. Melissa

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Most people don't stall because they can't read a mortgage calculator. They stall because nobody will tell them which market, which team, and which house. 

If that's you, the next step is simple: In about 40 minutes I walk you through the exact People, Property, and Process system I use to buy out of state without becoming a landlord, including a real property projecting a 17% return that I would not buy and why. 

Register, and I'll also send you my "Deal or No Deal" Calculator so you can screen a property in about 30 seconds. 

Watch it on demand; no live call to wait for.

Watch the free training here: https://ladyluckinvestments.com/lazy-training-sign-up

Know someone who's been thinking about buying a rental for years and still hasn't pulled the trigger? Send them this one.

1. 🎙️ Enjoyed this episode? Tap the link below to leave us a quick 5-star review! It takes less than 60 seconds and helps other busy professionals find the show. 
   1. Leave a 5-Star Review Here------->  https://ratethispodcast.com/passive
2. Not sure if you're ready to buy your first rental or if something is holding you back? Take the Gut Check: ...

Today, I am sitting down with a real client of mine, Aedan. 

Not a case study. Not a guru. A regular guy from Austin who bought a rental in another state, and he is walking us through the real numbers, what went right, what went wrong, and what the inspection caught. 

We're going to talk about what he's actually cash flowing today, and why he's already getting ready to buy his next property. 

So if you've been sitting on the sidelines wondering if these numbers actually work in real life, this episode is for you. 

If this conversation has you thinking about your own first property, here is where to start. 

Watch the Free Training: The Lazy Investor Method 

You've done the research. So why haven't you bought yet? This free training breaks down the three things keeping almost every first-time investor stuck and how to finally move forward with confidence. 

Watch here: https://ladyluckinvestments.com/lazy-training-sign-up 

Already know you want to talk it through? Book a fit call with me to see if the Lazy Investor Method is the right fit for you. Book here: https://www.passivelyrichwithrentals.com/scheduling 

Now, here's a closer look at what Aiden and I get into in this episode. 

In this episode: 

• A real client's numbers on a $150K out-of-state rental, including what he put in and what it cash flows
• What the inspection caught on the roof and how the rehab team handled it
• How he keeps a reserve in each property so a late tenant or a repair never becomes a crisis
• Why his next property is an Easy BRRRR in Ohio with less cash in
• How he starts with the life he wants and lets that guide how he builds his portfolio

You'll walk away knowing why a smaller cash flow number can still be a strong deal, how to protect yourself on a property you can't drive by, and how to start with your end goal instead of guessing.
 
See you on the next one. Melissa

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Most people don't stall because they can't read a mortgage calculator. They stall because nobody will tell them which market, which team, and which house. 

If that's you, the next step is simple: In about 40 minutes I walk you through the exact People, Property, and Process system I use to buy out of state without becoming a landlord, including a real property projecting a 17% return that I would not buy and why. 

Register, and I'll also send you my "Deal or No Deal" Calculator so you can screen a property in about 30 seconds. 

Watch it on demand; no live call to wait for.

Watch the free training here: https://ladyluckinvestments.com/lazy-training-sign-up

Know someone who's been thinking about buying a rental for years and still hasn't pulled the trigger? Send them this one.

1. 🎙️ Enjoyed this episode? Tap the link below to leave us a quick 5-star review! It takes less than 60 seconds and helps other busy professionals find the show. 
   1. Leave a 5-Star Review Here------->  https://ratethispodcast.com/passive
2. Not sure if you're ready to buy your first rental or if something is holding you back? Take the Gut Check: ...

What happens when a client starts asking the questions most investors are thinking but don’t always say out loud?

________________________

Want to learn how to buy rental properties out of state without becoming the landlord? Watch my free video here: https://ladyluckinvestments.com/lazy-training-sign-up

Or, if you’re ready for help getting started, book a strategy call with me to see if The Lazy Investor Method is right for you. : https://www.passivelyrichwithrentals.com/scheduling

________________________

In this episode, I’m sharing a real conversation I had with one of my clients right before closing on an out-of-state rental. We talked about property managers, tenant risk, changing interest rates, cash flow, and how to know when you’ve done enough research and it’s finally time to move.

If you’ve been thinking about buying a rental out of state but still have that little voice asking, “But what if something goes wrong?” this episode is for you.

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Most people don't stall because they can't read a mortgage calculator. They stall because nobody will tell them which market, which team, and which house. 

If that's you, the next step is simple: In about 40 minutes I walk you through the exact People, Property, and Process system I use to buy out of state without becoming a landlord, including a real property projecting a 17% return that I would not buy and why. 

Register, and I'll also send you my "Deal or No Deal" Calculator so you can screen a property in about 30 seconds. 

Watch it on demand; no live call to wait for.

Watch the free training here: https://ladyluckinvestments.com/lazy-training-sign-up

Know someone who's been thinking about buying a rental for years and still hasn't pulled the trigger? Send them this one.

1. 🎙️ Enjoyed this episode? Tap the link below to leave us a quick 5-star review! It takes less than 60 seconds and helps other busy professionals find the show. 
   1. Leave a 5-Star Review Here------->  https://ratethispodcast.com/passive
2. Not sure if you're ready to buy your first rental or if something is holding you back? Take the Gut Check: ...

A guest complained about the air conditioning at my Palm Springs short-term rental. What happened next is something every investor thinking about Airbnb needs to hear first. 

Watch the Free Training: The Lazy Investor Method
You've done the research. So why haven't you bought yet? This free training breaks down the three things keeping almost every first-time investor stuck and how to finally move forward with confidence.
Watch here: https://ladyluckinvestments.com/lazy-training-sign-up 

In this episode: 

• The 48 hours that had me genuinely fuming
• The one thing about owning an Airbnb that the income screenshots never show you
• Why I did everything right and still had no say in the outcome
• What this made me rethink about my own portfolio
• The question I wish I had asked before I bought my first short-term rental

You'll walk away knowing what most Airbnb investors don't find out until it's too late, and how to decide what kind of investor you actually want to be.
 
Want to work with me? Take the next step here: https://www.passivelyrichwithrentals.com/scheduling
 
See you on the next one.
Melissa
 

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Most people don't stall because they can't read a mortgage calculator. They stall because nobody will tell them which market, which team, and which house. 

If that's you, the next step is simple: In about 40 minutes I walk you through the exact People, Property, and Process system I use to buy out of state without becoming a landlord, including a real property projecting a 17% return that I would not buy and why. 

Register, and I'll also send you my "Deal or No Deal" Calculator so you can screen a property in about 30 seconds. 

Watch it on demand; no live call to wait for.

Watch the free training here: https://ladyluckinvestments.com/lazy-training-sign-up

Know someone who's been thinking about buying a rental for years and still hasn't pulled the trigger? Send them this one.

1. 🎙️ Enjoyed this episode? Tap the link below to leave us a quick 5-star review! It takes less than 60 seconds and helps other busy professionals find the show. 
   1. Leave a 5-Star Review Here------->  https://ratethispodcast.com/passive
2. Not sure if you're ready to buy your first rental or if something is holding you back? Take the Gut Check: ...

Your property manager can make or break your rental investment.

And if you're buying out of state, they become one of the most important people on your entire team.

________________________________

Watch the Free Training: The Lazy Investor Method

You've done the research. So why haven't you bought yet?

This free training breaks down the three things keeping almost every first-time investor stuck and how to finally move forward with confidence.

Watch here:
https://ladyluckinvestments.com/lazy-training-sign-up

___________________________________

In this episode, I'm sitting down with a property management professional who manages roughly 1,000 doors to answer the questions rental property owners should be asking BEFORE they hand over the keys.

We talk tenant screening, turnover, Section 8, repair calls, evictions, owner responsibilities, and what a good property manager should actually be doing behind the scenes.

In this episode:

• The $150 repair clause that can cut down on unnecessary tenant calls
• How a 1,000-door property management company screens tenants and keeps evictions low
• The truth about Section 8 and what investors need to understand before jumping in
• Why tenant turnover can quietly destroy your rental returns
• What owners are still responsible for even when they hire a property manager
• The questions you should ask a property manager before buying a rental

If you're planning to buy rental property out of state, this is one of those episodes you'll want to save.

You'll walk away knowing what to ask, what to look for, and which property management red flags should make you think twice.

See you on the next one.

Melissa

----------------------

Most people don't stall because they can't read a mortgage calculator. They stall because nobody will tell them which market, which team, and which house. 

If that's you, the next step is simple: In about 40 minutes I walk you through the exact People, Property, and Process system I use to buy out of state without becoming a landlord, including a real property projecting a 17% return that I would not buy and why. 

Register, and I'll also send you my "Deal or No Deal" Calculator so you can screen a property in about 30 seconds. 

Watch it on demand; no live call to wait for.

Watch the free training here: https://ladyluckinvestments.com/lazy-training-sign-up

Know someone who's been thinking about buying a rental for years and still hasn't pulled the trigger? Send them this one.

1. 🎙️ Enjoyed this episode? Tap the link below to leave us a quick 5-star review! It takes less than 60 seconds and helps other busy professionals find the show. 
   1. Leave a 5-Star Review Here------->  https://ratethispodcast.com/passive
2. Not sure if you're ready to buy your first rental or if something is holding you back? Take the Gut Check: ...

Melissa's property manager emailed with good news. The rental comps came back between $1,600 and $1,675, well above the $1,400 her tenant was currently paying. But the email didn't stop there, and what came next changed the entire decision. 

Watch the Free Training: The Lazy Investor Method
You've done the research. So why haven't you bought yet? This free training breaks down the three things keeping almost every first-time investor stuck and how to finally move forward with confidence.
Watch here: https://ladyluckinvestments.com/lazy-training-sign-up 

In this episode: 

• Why a rent increase isn't always the right move, even when the comps say you can get it
• The real math behind raising rent versus losing a great, low-maintenance tenant
• What the "3% national rental increase" assumption actually means, and why it's not a guarantee

You'll walk away with a clearer way to think about rent increases, tenant retention, and why the smartest investing decisions aren't always about squeezing every last dollar out of a property.
 
Ready to stop researching and start owning rentals that actually run without you? Go watch The Lazy Investor Method masterclass, link above, and see exactly how Melissa builds out-of-state rental portfolios with local teams that handle the details.
 
See you on the next one. Melissa

----------------------

Most people don't stall because they can't read a mortgage calculator. They stall because nobody will tell them which market, which team, and which house. 

If that's you, the next step is simple: In about 40 minutes I walk you through the exact People, Property, and Process system I use to buy out of state without becoming a landlord, including a real property projecting a 17% return that I would not buy and why. 

Register, and I'll also send you my "Deal or No Deal" Calculator so you can screen a property in about 30 seconds. 

Watch it on demand; no live call to wait for.

Watch the free training here: https://ladyluckinvestments.com/lazy-training-sign-up

Know someone who's been thinking about buying a rental for years and still hasn't pulled the trigger? Send them this one.

1. 🎙️ Enjoyed this episode? Tap the link below to leave us a quick 5-star review! It takes less than 60 seconds and helps other busy professionals find the show. 
   1. Leave a 5-Star Review Here------->  https://ratethispodcast.com/passive
2. Not sure if you're ready to buy your first rental or if something is holding you back? Take the Gut Check: ...

Is $300 a month good cash flow on a rental? What about $500? Most investors are asking the wrong question, and it's keeping them stuck on the sidelines.

______________________

Watch the Free Training: The Lazy Investor Method
You've done the research. So why haven't you bought yet?
This free training breaks down the three things keeping almost every first-time investor stuck and how to finally move forward with confidence.

Watch here: https://ladyluckinvestments.com/lazy-training-sign-up

______________________

In this episode:

• Why the monthly cash flow number everyone chases doesn't actually tell you if a property is a good deal
• The one question I ask that changes how you look at every property from here on out
• A real comparison between two properties that made me rethink how I evaluate returns
• What I actually consider a good return on a renovated rental, and when a high return should make you pause instead of celebrate

You'll walk away with a completely different way to size up a rental property, one that has nothing to do with chasing a magic monthly number.

See you on the next one. Melissa

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Most people don't stall because they can't read a mortgage calculator. They stall because nobody will tell them which market, which team, and which house. 

If that's you, the next step is simple: In about 40 minutes I walk you through the exact People, Property, and Process system I use to buy out of state without becoming a landlord, including a real property projecting a 17% return that I would not buy and why. 

Register, and I'll also send you my "Deal or No Deal" Calculator so you can screen a property in about 30 seconds. 

Watch it on demand; no live call to wait for.

Watch the free training here: https://ladyluckinvestments.com/lazy-training-sign-up

Know someone who's been thinking about buying a rental for years and still hasn't pulled the trigger? Send them this one.

1. 🎙️ Enjoyed this episode? Tap the link below to leave us a quick 5-star review! It takes less than 60 seconds and helps other busy professionals find the show. 
   1. Leave a 5-Star Review Here------->  https://ratethispodcast.com/passive
2. Not sure if you're ready to buy your first rental or if something is holding you back? Take the Gut Check: ...

If you handed me $100,000 today and said "go buy real estate," I would not buy one house. I'd buy three. And I'm going to show you exactly how I'd think about it, using real numbers from clients who've done it with me.

Watch the Free Training: The Lazy Investor Method | "You've done the research. So why haven't you bought yet?" This free training breaks down the three things keeping almost every first-time investor stuck and how to finally move forward with confidence. | Watch here: https://ladyluckinvestments.com/lazy-training-sign-up

In this episode:
- The two things most smart people do with $100,000 that quietly cap their wealth
- Why one $700,000 rental near you is riskier than it feels (and what happens when that one tenant leaves)
- How Laura went from our first call to two St. Louis rentals under contract in seven days, with $56,000 down instead of $100,000 buried in one house
- The three things that have to be right for any of this to work: the market, the team, and the deal itself

See you on the next one. Melissa

----------------------

Most people don't stall because they can't read a mortgage calculator. They stall because nobody will tell them which market, which team, and which house. 

If that's you, the next step is simple: In about 40 minutes I walk you through the exact People, Property, and Process system I use to buy out of state without becoming a landlord, including a real property projecting a 17% return that I would not buy and why. 

Register, and I'll also send you my "Deal or No Deal" Calculator so you can screen a property in about 30 seconds. 

Watch it on demand; no live call to wait for.

Watch the free training here: https://ladyluckinvestments.com/lazy-training-sign-up

Know someone who's been thinking about buying a rental for years and still hasn't pulled the trigger? Send them this one.

1. 🎙️ Enjoyed this episode? Tap the link below to leave us a quick 5-star review! It takes less than 60 seconds and helps other busy professionals find the show. 
   1. Leave a 5-Star Review Here------->  https://ratethispodcast.com/passive
2. Not sure if you're ready to buy your first rental or if something is holding you back? Take the Gut Check: ...

Watch the Free Training: The Lazy Investor Method
"You've done the research. So why haven't you bought yet?" This free training breaks down the three things keeping almost every first-time investor stuck and how to finally move forward with confidence.
Watch here: https://go.passivelyrichwithrentals.com/video 

You've done the responsible thing. Paid down your house. Kept a low rate. Left the equity alone because that's what you're supposed to do. Aaron Chapman says that's the mistake. 

In this episode: 

• Why unused equity is actually costing you money, not protecting you
• What actually builds wealth in a rental, and it's not the cash flow
• Why the smartest investors don't chase the lowest rate
• How to set up your investments so they protect your family, not just your bank account

If you want to go deeper on the HELOC side first, we covered it from a different angle in The Down Payment You Didn't Know You Already Had.

You'll walk away knowing exactly how to think about the equity in your home, whether a HELOC or a cash out refinance makes more sense for you, and why your next deal might already be sitting in your walls.

____________________________________
Already know you want to use your equity but have no idea where to buy? Grab The Out-of-State Rental Gut Check, a 10-minute checklist to know what to look for before you start shopping for properties: https://go.passivelyrichwithrentals.com/gutcheck

If you want a personal introduction to Aaron and his team, email me directly at [email protected] and I'll connect you.
 
See you on the next one. Melissa

----------------------

Most people don't stall because they can't read a mortgage calculator. They stall because nobody will tell them which market, which team, and which house. 

If that's you, the next step is simple: In about 40 minutes I walk you through the exact People, Property, and Process system I use to buy out of state without becoming a landlord, including a real property projecting a 17% return that I would not buy and why. 

Register, and I'll also send you my "Deal or No Deal" Calculator so you can screen a property in about 30 seconds. 

Watch it on demand; no live call to wait for.

Watch the free training here: https://ladyluckinvestments.com/lazy-training-sign-up

Know someone who's been thinking about buying a rental for years and still hasn't pulled the trigger? Send them this one.

1. 🎙️ Enjoyed this episode? Tap the link below to leave us a quick 5-star review! It takes less than 60 seconds and helps other busy professionals find the show. 
   1. Leave a 5-Star Review Here------->  https://ratethispodcast.com/passive
2. Not sure if you're ready to buy your first rental or if something is holding you back? Take the Gut Check: ...