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Rental Income Podcast With Dan Lane

A Realistic Look At Building New Rentals With Kaycee Miller (Ep 566)

Rental Income Podcast With Dan Lane

Rental Income Podcast

Business, Investing, Entrepreneurship

4.8836 Ratings

🗓️ 24 March 2026

⏱️ 25 minutes

🧾️ Download transcript

Summary

On this episode, Kaycee Miller shares the real story behind building new construction rentals, including the wins and the unexpected challenges.

Kaycee started out buying foreclosures and rehabbing them, but began to wonder if building from the ground up could be more profitable.

She walks us through her transition into new construction, why it can sometimes be more cost-effective than buying existing properties, and how building new can lead to higher rents and better long-term returns. Kaycee breaks down her experience developing an 8-unit property in the downtown area of her small town, including how she found the lot.

We also dive into a unique deal where she purchased an old church that had been converted into a single-family home, but was zoned for multifamily use. That opportunity came with its own hurdles, including navigating historic district regulations and working through the approval process with the historic commission.

But not everything went according to plan. Kaycee shares the reality of lease-up, including the mistake of expecting full occupancy right away and the challenges she faced in targeting the high end of the rental market. She talks about what she learned when demand didn’t match her expectations, how she adjusted her strategy, and what she would do differently next time.

https://rentalincomepodcast.com/episode566


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Transcript

Click on a timestamp to play from that location

0:00.0

inspiring interviews with today's top landlords this is the rental income podcast and now

0:08.4

dan lane casey instead of buying a rental property you recently built a rental property what are

0:15.0

some of the advantages to building a property versus buying an existing property when I think about buying an older property versus building a brand new property, there's a

0:26.2

couple things that come to mind. One with building, you're dealing with new construction,

0:30.4

new materials. You feel like you have control over the quality of the house that you're

0:36.0

building and then ultimately that you're going to rent out.

0:39.1

And you get to know every piece of that house from the ground up versus buying a property.

0:45.1

You're kind of figuring things out as you go along.

0:47.6

You know, you can trust the inspection reports.

0:49.6

You can trust what the sellers are telling you.

0:51.8

But you're really kind of trial and error figuring out what's

0:55.3

there versus knowing full hand from plans to finish versus building that property. And that gives you

1:02.3

a little bit more flexibility in making decisions for materials, contractors, how much you want to

1:07.6

charge of that build to rent versus buy to rent mentality.

1:12.3

And in a lot of the country right now, we have a housing shortage, and it can be difficult

1:17.7

to find properties for sale, so building a property could be a good option.

1:22.7

On the show today, we're going to hear Casey's experience with building a property.

1:27.0

We'll talk about the good

1:28.2

and the bad and help you figure out if this is something that might be good for you to do.

1:33.4

Joining us on the show today from Grants Pass, Oregon is Casey Miller. We'll take a quick

1:39.4

break to thank our sponsors. We'll come right back and we'll talk to Casey. I've had tenants break their lease or

1:45.8

stop paying rent and I'm sure you know how expensive that can get. It's easy for the cost to

...

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