Stay ConnectedInspiring interviews with everyday people that are generating passive income by investing in rental properties.
On each episode, we talk to a landlord about how they found and purchased their rental properties, how they financed them, and issues they face with property management, and managing tenants.
Make sure you follow the show. A new episode is released every Tuesday.
Copyright: © Copyright Rental Income Podcast
Mike was inspired by a friend making $100k a month from rental properties. He thought, if his friend could do it, why couldn't he?
On this episode, we discuss how Mike took baby steps for the first few years and eventually built a rental portfolio that nets him $35,000 a month.
Mike shares his story of getting started and how one excellent investment changed the entire trajectory of his investing.
We examine Mike's numbers, including his monthly gross rent amount, monthly expenses, and net cash flow.
Mike also shares how challenging the COVID years were for his portfolio, but he made it through them and realized that if he can survive that, he can make it through anything.
https://rentalincomepodcast.com/episode478
Kathi rented a property to tenants that were cooking meth in her rental.
The toxins from the manufacturing of the meth were so bad that she was not able to remediate the property, and she lost everything.
On this episode, we'll figure out what happened, how Kathi discovered it, and why her insurance policy didn't pay for the damage.
We'll also figure out if Kathi could have done anything to avoid this situation and what investors can do to minimize the risk of this happening to them.
https://rentalincomepodcast.com/episode477
Jason shares the formula he has followed to reach financial freedom:
He uses other people's money to buy mobile homes, fixes them, and sells them for a profit.
He then uses the profit as his down payment to buy rental properties.
Then he uses the cash flow his rentals produce to pay his living expenses.
On this episode, we talk about what he looks for in a potential mobile home flip, what he does to fix them up, and how he sells them.
We also talk about what types of rentals he's been buying and look at the numbers on a recent deal.
https://rentalincomepodcast.com/episode476
Charles used to believe that when you buy a rental property, you should hold it forever.
However, he has realized the practicality of the situation: some properties outperform others, and if a property doesn't meet expectations, it might be a good business decision to sell it and reinvest in something else.
On this episode we talk about two properties that Charles recently sold.
We figure out what went wrong and whether he should have noticed any red flags when he bought the property.
We also talk about what Charles did with the money after he sold it.
Spencer shares the details of renting his property to short-term transitional housing tenants.
The organization he works with pays for repairs on the property, covers the rent, whether a tenant is placed or not, and takes care of the utilities.
This arrangement ensures Spencer's steady and reliable income, making his rental profitable.
Spencer also details his challenges getting his property up and running, from cost overruns to construction delays.
https://rentalincomepodcast.com/episode474
Grant had a good job, but it was very demanding. After he had a few kids, he wanted to work less, and he was looking for a way to generate income and break away from his job.
He figured out that he could generate enough income to support his family if he bought enough rentals.
On this episode, we discuss his strategies, including traditional down payments, seller financing, HELOCs, and the BRRRR strategy.
Join us as we delve into Grant's journey, from the moment he decided to invest in real estate to the point where he was able to leave his job. We'll also explore how, as a full-time investor, he was able to expand his portfolio, a testament to the potential of real estate investment.
https://rentalincomepodcast.com/episode473
Alex shares his simple strategy to build wealth with his rental properties.
Discover how Alex strategically acquires properties that not only generate wealth but also minimize tenant-related issues, offering him a hassle-free and promising investment experience.
We also discuss why he thinks cash flow is essential, but buying properties likely to appreciate is more critical.
We also talk about how important it Is to think long-term when investing in rentals.
Alex also discusses the two phases of rental investing, growth, and cash flow, and how he is now transitioning to the cash flow phase.
https://rentalincomepodcast.com/episode472
As an investor, if you have to pay for utilities, it can kill your cash flow. Having a utility company submeter each unit isn't always an option, and if it is, it can be costly.
On this episode, Kelly shares a unique way to submeter buildings, without involving the utility companies.
A meter is placed in the building that measures usage for each tenant.
The landlord can then bill each tenant for their actual usage.
Kelly talks about the cost of installing the meters, ongoing costs, and how the usage and rate data is compiled.
https://rentalincomepodcast.com/episode471
Justin shares how not being able to take enough time from work for one of his kids to play travel hockey was his motivation to start building a rental portfolio.
On this episode, Justin shares how he got the money to get started, how he financed his rental purchases, and how many properties he needed to leave his job.
Justin also shares how he budgets for expenses (both business and personal), and how he gets health insurance for his family without a job.
https://rentalincomepodcast.com/episode470
Bryan was slowly building his rental portfolio, and over the last few years, he figured out a formula to step up the pace of his buying.
On this episode, we talk about:
How he's been buying incredible deals ($100K under market).
How he financed his purchases.
Where his down payment money came from.
We also look at the numbers for his entire portfolio, including total rent, mortgage payments, typical expenses, and net cash flow.
Bryan also shares his plan to get to $20K in monthly cash flow.
https://rentalincomepodcast.com/episode469
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