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Rental Income Podcast With Dan Lane

How She Self Manages Her Rentals From 3,000 Miles Away With Kathy Proff (Ep 129)

Rental Income Podcast With Dan Lane

Rental Income Podcast

Business, Investing, Entrepreneurship

4.8836 Ratings

🗓️ 10 October 2017

⏱️ 24 minutes

🧾️ Download transcript

Summary

Kathy shares her story of buying and self-managing rental properties across the country. She talks about how she found the properties, how she deals with showings, inspections, and repairs without being in the same area.

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.

0:10.5

Before the internet, I think it was really difficult to be an out-of-town real estate investor.

0:15.1

But today, the world's gotten a lot smaller, and I think it makes a lot of sense to live where you want to live and to invest

0:21.7

where the numbers make sense. And that's exactly what my guest today is doing. She lives in Seattle,

0:27.0

but she has her rentals in New York. And the amazing thing is she's been able to find these

0:32.7

properties, get them rented, and do the day-to-day management from across the country. So I want to hear

0:39.6

exactly how she's doing this. She's got a great story, and I know you're going to get a lot

0:43.6

out of this episode. So let's take a real quick break. We'll get a word in from our sponsor.

0:48.6

We'll come back in 30 seconds, and we'll meet Kathy Proff. Are you looking for a roadmap to

0:53.2

financial freedom? If so, we have a solution forff. Are you looking for a roadmap to financial freedom?

0:56.6

If so, we have a solution for you.

1:03.3

Nerata Real Estate is offering a limited number of free strategy sessions to help you get out of the rat race.

1:08.1

Learn how you can create wealth and build monthly passive income.

1:11.8

To set up a time with one of our knowledgeable investment counselors,

1:14.8

simply go to Nerada real estate.com.

1:29.2

That's N-O-R-A-D-A-R-A-R-A-R-E-E-A-R-E-E-A-R-E-E-A-R-E-A-R-E-A-R-A-R-T-A-R-E-R-A-R-ROTies. Thanks, Dan. Glad to be here. So tell me, how did you first get interested in owning rental properties?

1:37.2

Well, the first time I ever heard about rental properties was in chemistry class in high school many, many years ago.

1:42.8

My chemistry teacher would buy these little houses in the summer, fix them up, and then he'd use them as rentals.

1:45.8

And I remember even as a teenager thinking that was just the coolest thing because I've always been an entrepreneur so

1:50.2

I had no idea I would get into real estate my parents had they own two houses in their entire life

1:55.7

but fast forward here I am it looked like great opportunity. And I really do love looking at

2:02.7

real estate. I just don't ever seem to get tired of it. So tell me, when you decided that it was time

...

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