He Gives Himself An "F" As A Landlord (But Still Makes 6 Figures) With Tom McGreevy (Ep 567)

Rental Income Podcast With Dan Lane

Rental Income Podcast

Business, Investing, Entrepreneurship

4.8 • 836 Ratings

🗓️ 31 March 2026

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this episode, Tom McGreevy might not sound like your typical landlord. He doesn’t raise rents, doesn’t charge late fees, and even admits he might be “too nice” to his tenants. In fact, Tom says he’d give himself a failing grade as a landlord.

But despite that, he’s built a portfolio that generates over $200,000 a year in rental income.

Tom breaks down how his strategy actually works. His long-term rentals provide steady, reliable cash flow that covers all of his fixed expenses, giving him a solid financial foundation. Then his Airbnb properties, which are more unpredictable, become the upside and drive his profit. He also shares why having those short-term rentals located three hours away has turned out to be an advantage rather than a drawback.

We also talk about the role his W2 job plays in his investing strategy, and how it’s allowed him to take bigger risks without relying on rental income to live.

Tom shares how he’s sold properties along the way and how working with a knowledgeable CPA helped him legally avoid a massive tax hit.

https://rentalincomepodcast.com/episode567

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Transcript

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0:00.0	Inspiring interviews with today's top landlords.
0:04.7	This is the rental income podcast.
0:07.6	And now, Dan Lay.
0:09.6	Tom, if you were going to give yourself a grade as a landlord, you said you would give yourself an F.
0:16.0	Why such a low grade?
0:18.2	Well, I feel sometimes I'm too nice and I don't, I've never done a rent increase
0:23.0	unless if someone's moved out, then I go to market rent. And the other thing is I sometimes take,
0:29.9	a lot of times I take late payments without any fees. So are you still making money with your
0:35.1	portfolio? Oh yeah. So we, we do make over six figures for the portfolio.
0:41.1	One of the things that I really love about rental properties is you don't have to be perfect.
0:46.2	You can make a lot of mistakes.
0:48.3	You can do a lot of things wrong, but still end up making a lot of money.
0:52.7	And on the show today, we're going to talk about Tom's business.
0:55.7	We'll figure out some of the things he's doing wrong.
0:58.8	We'll see what he's doing right.
1:00.3	And figure out how he's making over six figures with his portfolio.
1:05.4	Joining us on the show today from New Lexington, Ohio, for a repeat appearance, is Tom McGreevy. We'll take a quick break
1:13.4	to thank our sponsors. We'll come right back and we'll talk to Tom. It's a lot of work to find a
1:19.0	really good rental property. And when you actually find that property, you want to make sure you're
1:23.1	working with a lender that can get that loan closed. The lender that I recommend is
1:28.1	Chaley Ridge from Ridge Lending Group. She's a nationwide lender and her specialty is helping
1:34.1	investors finance rental properties. She has a ton of loan programs and she can find something
	...

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