What Kind Of Properties Make The Best Rentals? (Ep 76)
Rental Income Podcast With Dan Lane
Rental Income Podcast
4.8 • 835 Ratings
🗓️ 24 May 2016
⏱️ 19 minutes
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Summary
Transcript
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| 0:00.0 | Inspiring interviews with today's top landlords. |
| 0:04.9 | This is the rental income podcast. |
| 0:07.8 | And now, Dan Lane. |
| 0:09.9 | My guest on the podcast today wants to remain anonymous. |
| 0:13.2 | He doesn't want to use his real name, say where he is, or reveal how many properties he owns. |
| 0:18.6 | And that's fine. |
| 0:19.9 | I can totally respect that. I will say that I did |
| 0:22.9 | talk to him before the show and he does own a good number of rentals and he's been very successful. |
| 0:28.5 | So I think we can learn a few things today without getting too personal. Welcome to the show. |
| 0:34.5 | I guess my first question for you is, in your opinion, do you think that any |
| 0:39.8 | property can be a good investment as long as the numbers work? No, I would not say that. And that's one of |
| 0:46.3 | the, that's one of the greatest misconceptions in real estate that I would really like to to just stamp out. |
| 0:56.7 | You know, most people have rented a car. |
| 1:00.1 | So we've seen the cars that you find in the rental car business. |
| 1:04.3 | And they're not Porsches and BMWs, right? |
| 1:07.1 | They're a certain kind of car. |
| 1:08.3 | It's not just that they're the cheapest cars. |
| 1:10.7 | It's that they're a certain type. |
| 1:13.8 | And what that certain type is, is that those cars that provide the most basic functions only. |
| 1:22.9 | Because people that rent a car, mostly, they want to get from here to there and they want to get there safely. |
| 1:27.8 | They don't want it to be, you know, eight gallons per mile. |
| 1:30.8 | They don't want it to be expensive. |
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