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Rental Income Podcast With Dan Lane

Q&A Show: Rental Property Questions Answered by Steve

Rental Income Podcast With Dan Lane

Rental Income Podcast

Investing, Entrepreneurship, Business

4.8835 Ratings

🗓️ 18 November 2014

⏱️ 16 minutes

🧾️ Download transcript

Summary

Q&A show.  I ask listener questions to Steve, a successful rental property owner.

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

0:05.6

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.

0:20.1

Just go to my website, free landlordgift.com.

0:24.0

So I thought on the show today we would maybe do a little bit of a different format.

0:28.7

Instead of me asking the questions, I thought I would let the listeners ask the question.

0:33.1

So we have a landlord that's been really, really successful. Steve Elf is joining us on the phone.

0:38.9

Steve owns 11 rental properties, and he's been doing this for a long time, and he has agreed to

0:45.0

answer whatever it is we want to ask him. So Steve, why don't we get right into it?

0:50.0

Why don't you tell us a little bit about yourself and how you got started?

0:54.0

Sure.

0:54.8

I'm 52 years old.

0:56.5

This is my 25th year in investing in real estate.

0:59.0

I specialize mostly in Salt Lake City, residential properties.

1:05.1

And I've probably purchased and sold on my own somewhere between 60 and 80 properties in the last 25 years.

1:17.5

Great. Okay. So we've got a bunch of questions here from listeners. So why don't we just get

1:24.5

right through it. The first one is from Rich. And he is new to investing, and he's struggling to find a mentor,

1:31.8

and he wants to know if you have any advice on where he should look or what he should be looking for in a mentor.

1:38.1

Boy, that's a – it's an interesting question.

1:41.3

I think having a mentor is really important, but I think educating

...

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