inspiring interviews with today's top landlords this is the rental income podcast and now dan lay so far on the show we've mainly talked to people that own single family houses duplexes and fourplexes but i want to learn a little bit more about the apartment building side of the business. So I've brought a Rennie Gabriel on the show today.

He owns six apartment buildings and one single family house.

And I want to kind of pick his brain and learn a little bit more about the business.

Rennie, welcome to the show.

Why don't we start with you telling us a little bit about yourself and how you got started

owning apartment buildings? Sure. First off, I teach at UCLA to contribute back to the community.

And the name of that course is called How to Buy and Manage Apartment Buildings for Profit.

I have a bestselling award-winning book called Wealth on Any Income.

And I got started on this because I inherited half of a four-unit building when my mom passed away.

I was about age 33.

And I took a class at UCLA on, okay, how do I manage this building? So that would have been, gosh, she died in 81. So a long time

ago. Yeah, yeah.

So that was how I learned about apartment buildings and found that it made a lot of sense from the standpoint of what I was learning in the class.

And I actually never thought about buying a single family house for a rental.

I only thought,

gee, apartment buildings make sense. Okay. Well, so tell me, what, are they more profitable?

Is that why you prefer apartments over single families? Yeah, there's a bunch of advantages that I see. So I'll compare it to, I'll start with a single family house as an investment. And the advantage is that, you know, people understand

buying houses. They can have 30-year financing. They know what it takes to qualify to buy it.

You know, they lived in a house. They know how they'd want to remodel it to make it appealing to a renter and things of that nature. So from that standpoint,

because people are familiar with the houses, I think that's why they buy them to rent them out.

Right. Right. So the disadvantage is... familiar with the houses, I think that's why they buy them to rent them out.

Right. Right. So the disadvantage is that the market dictates the value of the house.

...