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

dan lane joining me on the show today is lorry shine coff she is a realtor in nashville and she also

is a rental property owner hey lori welcome to the show hey nice, nice to talk to you. So you have nine rentals.

That is a pretty good-sized portfolio. How did you start off buying rentals? Were you an agent first?

Yes. Okay. I was a realtor in Nashville, and I had put a condo on the market for one of my clients so that they could buy a

house and it was an inexpensive one it was like $65,000 we're going back 10 years and the

mortgage fell through for the buyer so I bought the condo myself oh wow I that way she could move forward into a house and I bought it.

I paid cash for it.

And for five years, I rented it out.

It was the part of the market where it was really hard to find rentals anyway because

it was kind of the low end part of the market in a very high end area.

So I had no problem rented it. I rented it for five years. And then I flipped it and made

enough money to buy my next one. And that's what I've been doing. I'm a little different. I try

to keep my rental properties and I know that there are experts out there that have different

philosophies on this, but I really try to keep my rentals at the low end part of any market

because God forbid the market happens or a 9-11 happens. It's much easier to get rid of houses that

are in that first time, second time homebuyer,

than it is the luxuries.

When you're pricing your rentals,

do you try to price them like a little bit below market or are you trying to get every last?

Okay.

Like two years ago, I have a luxury property and the luxury market was saturated.

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