How He Profits $5,500/month Renting To Traveling Nurses With Curtis Mcclelland (Ep 338)
Rental Income Podcast With Dan Lane
Rental Income Podcast
4.8 • 836 Ratings
🗓️ 26 October 2021
⏱️ 20 minutes
🧾️ Download transcript
Summary
We also talk about how he finds traveling nurses, how he manages his properties, and how he does his leases.
Transcript
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| 0:00.0 | Inspiring interviews with today's top landlords. |
| 0:04.7 | This is the Rental M-Com podcast. |
| 0:07.6 | And now, Dan Lane. |
| 0:09.7 | I always think it's helpful and also inspirational to see the numbers behind someone's rental portfolio. |
| 0:16.0 | And, Curtis, I appreciate you being so open and transparent with us today. |
| 0:25.4 | Let's talk about your numbers real quick. How many rentals do you have right now? |
| 0:35.9 | I have a total of eight. Eight total. And when we look at the gross rent that those eight rentals bring in, how much rent do you bring in every month? |
| 0:38.6 | Right around 10,000 a month. And then you've obviously got expenses. |
| 0:42.3 | You've got your mortgages. |
| 0:43.9 | You've got taxes, insurance. |
| 0:46.0 | I know you've got some condos, so you have condo dues, repairs, |
| 0:51.6 | any kind of random expenses that might come up. How much does that come out to every month? |
| 0:58.7 | Right around 4,500. Okay. So you've got $5,500 in cash flow every single month. |
| 1:06.7 | Curtis is making his money, renting his properties to traveling nurses who travel the country |
| 1:12.1 | on three-month assignments, and they're looking for a furnished property to rent. |
| 1:16.9 | On the show today, we're going to figure out exactly how this works and how Curtis is making |
| 1:21.4 | so much money. Joining us on the show from St. Louis is Curtis McClellan. We'll take a really |
| 1:26.6 | quick break. We'll come right |
| 1:27.8 | back and we'll talk to Curtis. Whether you've been buying rental properties for years or you're |
| 1:33.1 | looking to buy your very first rental property, the very first thing you want to do before you go out |
| 1:38.8 | and find a great deal is to figure out your financing. The lender that I recommend is Chaley Ridge from Ridge Lending |
| 1:47.0 | Group. She's a nationwide lender and her specialty is helping investors finance rental |
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