David Miller (from episode 487) takes over the podcast and interviews Dan Lane.

We talk about some of Dan's most significant takeaways from interviewing 500 rental property investors, the worst thing that has happened to Dan as an investor, and the biggest mistake he sees investors make.

David also asks Dan why he started the Rental Income Podcast, how the show has grown, and what his plans are to expand his rental portfolio.

Athena's mentor shared a straightforward strategy for building wealth.

His advice was to buy a house and rent out rooms. After two years, buy a new property while keeping the old property, and do it again.

Athena wasn't earning much money when she bought her first property, but she followed his advice.

Ten years later, she has bought several properties and gained over $600,000 in equity.

On this episode, Athena walks us through her journey and shares how she built her portfolio with small down payments and letting her investments appreciate over time.

https://rentalincomepodcast.com/episode499

Shiraz lives in an expensive area where it's almost impossible to find traditional rental properties that cash flow.

To optimize his finances, Shiraz has implemented a variety of strategies, including renting his properties on a mid-term basis to generate additional cash flow.

He's also converted garages into apartments and built detached ADUs (DADU)  in the backyards of his properties.

On this episode, Shiraz discusses the costs of converting a garage into an apartment and the extra rent he collects.

He also discusses the costs of building a detached apartment unit, the perfect number of bedrooms and bathrooms, and the perfect lot.

https://rentalincomepodcast.com/episode498

Robert shares how he has built his portfolio by buying properties under $50,000 in areas with high rents and a solid tenant base.

Robert's properties were built in the 1950s and have only needed a little maintenance.

On this episode, we look at the numbers for one of Robert's deals and figure out his net cash flow.'

We also figure out if there is a downside to his investing strategy.

Robert also shares how he manages his properties remotely from out of state and his experience with self-showings.

https://rentalincomepodcast.com/episode497

The United States Government gives investors a lot of money to improve communities.

Congress sends the funds to counties, cities, and non-profit organizations to create programs for individual investors.

The problem is that they aren't very good at promoting the availability of these funds.

On this episode, Matthew shares where to look for these programs to help you find available programs in your area.

We also talk about a program that will give you a rebate for buying appliances and how your tenants can get financial assistance if they have difficulty paying rent.

More from Matthew:

https://www.trylesko.com

Joel has been investing in rentals for over 40 years and has figured out some simple things investors can do to make more money from their rentals.

Some of the topics we cover on this episode:

The most important element in building wealth with rentals.

Why he doesn't think of maintenance as an expense?

How can he get higher rent than similar properties?

This one thing determines your success and happiness as an investor.

How he saves time by weeding out candidates before he shows the property.

Should you rent to people with pets?

How to use collection agencies to collect unpaid rent.


https://rentalincomepodcast.com/episode496

Annie had long considered buying a rental property, but she and her husband recently decided it was time to buy their first rental.

On this episode, we discuss how Annie found the property, how they came up with the down payment money, and look at the numbers for the property.

Her property had existing tenants. We talk about the information the seller gave her about the tenants before closing and how the tenants have worked out.

We also talk about opportunities that Annie has to increase the future cash flow on the property.

https://rentalincomepodcast.com/episode495

Nick shares how having an emergency fund helped him pay for expensive repairs to some of his rentals.

He talks about how much he spent on the repairs and why he didn't file an insurance claim.

We also discuss Nick's rule of thumb for figuring out how much money to set aside for emergencies.

Nick also talks about how his income at his day job has been reduced recently and how having a combination of an emergency fund and cash flow from his rentals has helped him survive this period.

Thanks To Our Sponsors:

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Ridge Lending Group - Mention Rental Income Podcast for a $250 credit at closing. 

https://rentalincomepodcast.com/episode494

Jeff shares how he built his portfolio of over 100 rental units, by buying smaller apartment buildings, letting them appreciate. Then 1031 exchanging them for a bigger property in a better area.

Jeff also shares why he doesn't invest in his local area.

We talk about how he does this with the help of a team, how he figured out the area he invests in, and why he likes investing in multi-family properties vs single families.

Jeff also talks about how working with the right people has helped him find deals, buy properties sight unseen, and manage and fix up properties.

" target="_blank" rel="noopener">https://rentalincomepodcast.com/trading-up-to-better-rentals-with-jeff-berlin-episode-493/

Thanks To Our Sponsors:

Take your personal data back with Incogni! Use code RENTALINCOME at the link below and get 60% off an annual plan: http://incogni.com/rentalincome 

Ridge Lending Group - Mention Rental Income Podcast for a $250 credit at closing.

Nick shares how he has built his rental portfolio by building equity in rental properties and then using a line of credit to tap into that equity to buy and fix up the new properties.

We also talk about how he used 15-year mortgages to build up equity faster. Doing this, in combination with the market appreciation over time, has helped him build equity that he has used to help him grow his rental portfolio.

Nick also reviews the numbers for a recent deal. We go over the numbers, and he explains how the financing works.

https://rentalincomepodcast.com/episode492

Thanks To Our Sponsors:

Take your personal data back with Incogni! Use code RENTALINCOME at the link below and get 60% off an annual plan: http://incogni.com/rentalincome 

Ridge Lending Group - Mention Rental Income Podcast for a $250 credit at closing.