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Rental Income Podcast With Dan Lane

His Rentals Were A Nightmare Until He Started Doing This....With Brad Spencer (Ep 312)

Rental Income Podcast With Dan Lane

Rental Income Podcast

Business, Investing, Entrepreneurship

4.8836 Ratings

🗓️ 27 April 2021

⏱️ 26 minutes

🧾️ Download transcript

Summary

Brad had no idea what he was doing when he started buying rentals. He didn't know how to screen potential tenants or manage his rentals correctly.

After having to evict his first few tenants he figured out that he had to do things differently if he was going to make owning rentals work.

On this episode, we talk about what Brad is doing differently today. We talk about how he finds high-quality tenants that are easy to manage and stay for several years.

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 dan lay

0:09.4

Brad you've got a great rental portfolio that provides a lot of cash flow today but when you were

0:15.3

getting started you had kind of a tough time what happened well at the of it, I had no idea what I was doing. I was

0:22.7

just renting the people that first had the money without doing any applications, without doing any

0:28.3

type of background check, without checking with their previous landlords. It was a nightmare.

0:33.8

And so I went through maybe three or four or five different tenants where I had to go through the eviction process of going to small claims court.

0:42.3

I was going to small claims court so often that the judge knew me by my name.

0:47.2

So it was becoming a nightmare.

0:49.3

And from then on, I realized I needed a strict application and a better process to screen my tenants.

0:55.1

Brad had a really tough time getting started, but he figured out exactly how to screen tenants

1:00.4

and how to manage his properties the right way. And today he's got a great rental portfolio

1:06.5

that he easily manages while working his full-time job. And on the show today, we're going to figure out exactly what he's doing.

1:14.4

Joining us on the show today from Indiana for a repeat appearance is Brad Spencer.

1:20.4

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

1:22.7

We'll come right back and we'll catch up with Brad.

1:25.1

Being a landlord just became a lot easier thanks to

1:29.3

tenant cloud. They have everything you need to manage your rental properties all in one place

1:35.0

from taking online applications to creating custom leases specific to your state and collecting

1:42.1

rent online. And this is really cool. They actually have local

1:45.7

contractors in your area to help you when you have a repair call. That's right, contractors

1:51.6

in your area that are there for you when you need them. Everything is right there all in one place.

1:57.8

How much does it cost? Well, this is crazy. It's totally free to sign up. It's not a trial.

...

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