This is the rental income podcast where we talk to owners of rental properties and give you actionable tips and advice that will help you make more money while dealing with less hassle.

And now your host, Dan Lane.

I put together a list of seven things I wish I knew earlier about renting properties.

And you can download your free copy.

Just go to my website website free landlordgift

dot com all right on the show today we have jim adams and jim has just a heartbreaking story this is

really really horrible so jim was an executive at a big insurance company.

He had a really good job.

He was making lots and lots of money.

And then things went bad.

He ended up losing his job.

So he was looking for a way to replace his income.

And in insurance, you have residual income.

So every time the customer pays their policy, get paid so he was looking for a way to generate residual income and he stumbled upon owning rental properties and he thought this would be a really good way to generate some passive residual income it was kind of a model he was familiar with. So he ended up

buying some properties. But instead of buying a property or two properties or three properties,

Jim ended up stumbling upon an estate sale where they were selling 70 properties. So he bought

the 70 properties and then he found another 30 that he bought on his own.

So he had a total of 100 rental properties.

Things were going great.

He was making lots of money.

He had a staff of 20 people at one point that were working with him.

So he basically built an empire in a short period of time.

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