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Rental Income Podcast With Dan Lane

How To Get Above Market Rent With Lucas Hall (Ep 62)

Rental Income Podcast With Dan Lane

Rental Income Podcast

Investing, Entrepreneurship, Business

4.8836 Ratings

🗓️ 16 February 2016

⏱️ 19 minutes

🧾️ Download transcript

Summary

Lucas shares how he gets above market rent for his rentals by renting a group of tenants that are renting rooms. He also shares his "magic" number that has reduced his vacancy to almost nothing

Transcript

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0:00.0

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

0:09.2

dan lay joining me on the podcast today is lucas hall and uh Lucas is a landlord in the Washington

0:17.2

D.C. area Lucas, welcome to the show. Why don't we start with you just telling us a little bit about yourself and how you got

0:23.7

started owning rental properties.

0:26.5

Hi, Dan.

0:27.0

Yeah, thanks for having me.

0:28.0

I'm so excited to be here.

0:29.5

And I love your show and I am excited to be able to share with you.

0:34.4

I love it.

0:35.6

Great.

0:36.6

I got started in rental properties mainly for one reason,

0:40.6

and that was that there was this girl that I liked, and I wanted to try to impress her. So it's

0:45.9

very unconventional, but she was in real estate, or at least her family was, and she was young and had

0:52.3

just bought her first rental property,

0:54.5

and she was going to do a house hack where she was living there and having roommates pay for

0:59.1

the mortgage. And I thought, oh, my gosh, like, she's smart and pretty. And I really like her. So

1:04.9

how can I get her attention? And so you literally had no interest in real estate before this girl.

1:12.1

No. Okay. Okay. I love it. That's great. I thought, you know, I lived in one house my whole

1:16.5

life growing up and until I went off to college, that was the first time I moved. And so I thought

1:21.5

that real estate was just something that you buy one house and you buy it with your spouse

1:26.4

and you live there, you know,

1:29.3

the rest of your life. And that's just kind of how I thought, everything worked. But I didn't

...

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