How A Small Rental Portfolio Pays All Of His Living Expenses With Jeremy Smith (Ep 520)

Rental Income Podcast With Dan Lane

Rental Income Podcast

Business, Investing, Entrepreneurship

4.9 • 805 Ratings

🗓️ 6 May 2025

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Jeremy's income can vary from month to month. He never knows how much money he will earn. He occasionally has a bad month where he earns no income.

In the good months, his paycheck covers his bills, but in the bad months, his rental income is there to cover his bills.

On this episode, Jeremy shares how he generates over $7,000 monthly gross income with just a few rental properties.

We talk about how Jeremy started by house hacking while still in college, and he shares how he has financed the rest of his portfolio.

https://rentalincomepodcast.com/episode520

Thanks To Our Sponsors:

The Guarantors - Protect your property against losses rent defaults, vacancies, lease breaks, damages, and more. All without increasing your operating expenses.

Ridge Lending Group - Making investment Mortgage process simple and stress-free.

MidSouth HomeBuyer s – Turnkey Rentals In Memphis & Little Rock. Instant Cash Flow On Day One. (Priced between $100,000 to low $200's)

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 lane jeremy
0:10.2	tell me how your rentals have kind of become a safety net for you uh so i'm in an industry where my
0:18.0	income fluctuates on commission-based.
0:27.3	So I never know, you know, if it's a good month or if it's a bad month, what my set income would be.
0:33.0	And my rental properties have been very fortunate that they are kind of my safety net.
0:35.8	They are my guarantee income to pay my bills.
0:40.5	They cover all of my monthly expenses. So I do have that peace of mind. If it's a bad month, that I at least know the mortgage is being paid. I might be
0:45.8	eating crackers, but my mortgage and my bills are paid. So it does give me that peace of mind,
0:51.6	knowing that any of my commissions are separate and kind of a bonus.
0:56.9	Jeremy's rentals are generating about $7,000 a month.
1:00.2	And the great thing is he's doing this without a large portfolio.
1:04.1	So on the show today, we're going to figure out how he did it, how he got to where he is today.
1:09.0	Joining us on the podcast from Atlanta is Jeremy
1:12.3	Smith. We'll take a quick break to thank our sponsors. We'll come right back and we'll talk to Jeremy.
1:17.6	I've had tenants that of either broken their leases or stopped paying rent, and I'm sure you know
1:22.7	this can be very expensive. It's very easy for the cost to exceed the amount of money you're holding for a
1:29.4	security deposit, and because of this risk, I started using the guarantors to guarantee my leases.
1:36.7	The guarantors protects your rental income against rent-a-fault, vacancy loss, lease breaks,
1:42.6	holdovers, and more.
1:46.9	And this is all at no cost to you.
1:49.2	Your tenants pay for the insurance premium.
1:54.8	If you want to learn more about their platform, check out my bonus episode from April 10th, 2025.
	...

Transcript will be available on the free plan in 15 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Rental Income Podcast, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Rental Income Podcast and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.