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

let me make sure i got this right you have no vacancy no turnover expenses and your tenants pay for all

the repairs this almost sounds too good to be true. How are you doing this?

By having strategic partnership with transitional housing, we've been able to create a scenario where

they appreciate a subsidized housing, but in return, they also take care of it at their expense.

This is not Section 8. This is a program that provides short-term housing to people that are going

through a tough time. On the show today, we're going to figure out how this program works and how

much Spencer is making by doing this. The property we're going to be talking about is Spencer's

very first rental property. He did the

Burr strategy on it and he had a horrible experience with it. A lot of things went wrong. He went

way over budget. We'll see what went wrong and what he's learned from going through this.

Joining us on the show today from Oxford, Pennsylvania is Spencer Carpenter.

We'll take a quick break to thank our sponsors.

We'll come right back and we'll talk to Spencer.

It's a lot of work to find a really good rental property.

And when you actually find that property, you want to make sure you're working with a lender that can get that loan closed.

The lender that I recommend is Chaley Ridge from Ridge Lending Group. She's a nationwide lender,

and her specialty is helping investors finance rental properties. She has a ton of loan programs,

and she can find something customized to you for your situation. If you want to find out more or you're ready to get started today, just go to ridgelendinggroup.com.

That's R-I-D-G-E lending group.com. NMLS 42056.

When it comes to hiring, the best way to search for a candidate isn't to search at all.

Don't search match with Indeed.

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