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Rental Income Podcast With Dan Lane

A Rental Portfolio That Takes ZERO Time To Manage With Paul Morris (Ep 130)

Rental Income Podcast With Dan Lane

Rental Income Podcast

Business, Investing, Entrepreneurship

4.8836 Ratings

🗓️ 17 October 2017

⏱️ 23 minutes

🧾️ Download transcript

Summary

Paul talks about building a rental portfolio that is totally passive. He talks about what he looks for in a potential purchase, how he stays out of the day to day management. We also talk about how he avoids risk and financing.

Transcript

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0:00.0

Inspiring interviews with today's top landlords.

0:05.2

This is the rental income podcast.

0:08.3

And now, Dan Lane.

0:10.5

There's two different approaches you can take when it comes to managing your rental properties.

0:15.0

You can be really hands-on and you can manage the properties yourself.

0:19.1

Or you can outsource the management to a professional

0:21.9

property management company and let them find the tenants and do all the day-to-day activities

0:27.2

to manage the rental properties.

0:29.4

And you can take on a role more as an investor than a landlord.

0:33.7

And that's what my guest today is doing.

0:35.9

He's built a really large portfolio on the side. He's got a full-time job. And on the side, he's been buying rental properties. And he's built this enormous portfolio that doesn't require any of his time or attention. So we're going to hear his story. I think you're going to find it pretty amazing.

0:54.5

So let's take a real quick break.

0:55.9

We'll come back in 30 seconds and we'll meet Paul Morris from Los Angeles.

0:59.9

Are you looking for a roadmap to financial freedom?

1:03.2

If so, we have a solution for you.

1:05.8

Nerata real estate is offering a limited number of free strategy sessions to help you get out of the rat race.

1:12.4

Learn how you can create wealth and build monthly passive income.

1:17.3

To set up a time with one of our knowledgeable investment counselors,

1:21.0

simply go to Nerata real estate.com. That's N-O-R-A-R-A-R-A-R-A-R-E-A-R-E-E-A-R-E-E-A-R-E-A-R-E-A-R-A-R-A-R-A-R-A-R-E-A-R-R-E-A-R-L-E-L-L-M-L-L-L-L-L-L-L-L-L-L-L-L-L-L-L and was in a, you know, blue collar to lower, lower middle class income family.

1:50.0

And I had one rich cousin, sort of an older guy, kind of like the rich, quote, rich uncle.

1:57.0

And I watched him build a lot of wealth through real estate.

2:00.9

And my dad dabbled in it a little bit.

...

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