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Rental Income Podcast With Dan Lane

How To Make $35,000 A Month In Rental Income With Brie Schmidt (Ep 38)

Rental Income Podcast With Dan Lane

Rental Income Podcast

Investing, Entrepreneurship, Business

4.8836 Ratings

🗓️ 2 June 2015

⏱️ 19 minutes

🧾️ Download transcript

Summary

Brie shares how she built a portfolio that earns her $35,000 a month in rental income.

Transcript

Click on a timestamp to play from that location

0:00.0

This is the Rental Income Podcast, where we talk to owners of rental properties and give you

0:05.5

actionable tips and advice that will help you make more money while dealing with less hassle.

0:10.9

And now your host, Dan Lane.

0:13.1

I put together a list of seven things I wish I knew earlier about renting properties,

0:17.4

and you can download your free copy.

0:20.0

Just go to my website, free landlordgift.com.

0:24.2

Joining me on the show today is Bree Schmidt and Bree has done something really, really incredible.

0:30.9

She has built a portfolio of rental properties that are bringing in $35,000 a month.

0:38.9

Bree, congratulations. That is absolutely incredible.

0:42.4

Thank you very much.

0:43.5

Tell me about your portfolio. What are your properties like?

0:46.8

Well, we have essentially two portfolios in two different markets.

0:50.6

So our first portfolio, we started building about four years ago.

0:55.9

It's in Chicago. We primarily buy two to four unit properties. We started with our first one that we lived in.

1:01.6

And these are higher end A, B neighborhood type properties, you know, fully rehabbed, granite,

1:08.9

stainless with with-end tenants.

1:12.4

The second portfolio we started building about 10 months ago in the city of Milwaukee.

1:19.0

We still do two to four unit properties up there, but it is a, I would say, a solid B neighborhood.

1:26.5

So a little bit lower class tenants,

1:29.8

different tenant problems than the higher end areas.

1:34.7

And we have 18 buildings up there.

1:37.1

And Milwaukee, how far is that from Chicago?

...

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