Why Owning Just One Rental Property Is So Risky With Carlo Finotti (Ep 564)
Rental Income Podcast With Dan Lane
Rental Income Podcast
4.8 • 836 Ratings
🗓️ 10 March 2026
⏱️ 26 minutes
🧾️ Download transcript
Summary
When you only have one property, a major repair or a few months of vacancy can wipe out your cash flow for years.
Carlo shares how building a portfolio of multiple rentals creates a safety net, where income from other properties can help cover unexpected expenses. Carlo also talks about the two challenges investors face when buying their second rental. The money side and the mental side.
He explains how he overcame both and how adding more properties allowed him to benefit from economies of scale and reduce risk across his portfolio.
We also talk about how many doors Carlo had before he finally felt comfortable with repair risk, how his perspective has changed as his portfolio has grown, and the worst thing that has happened to him as a rental property investor.
https://rentalincomepodcast.com/episode564
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Transcript
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| 0:00.0 | inspiring interviews with today's top landlords this is the rental income podcast and now dan lane carlo |
| 0:10.1 | what are your thoughts on somebody that wants to buy just one rental property uh dan at the end of the day |
| 0:17.5 | if you have one property it um if you have a furnace or a roof that has to be |
| 0:24.0 | repaired and or replace, that large expenditure ends up going negative for a year or two. |
| 0:31.9 | That's the reason you definitely want to try to get into more than one property. |
| 0:36.4 | When you only have one rental property, you're kind of on a roller coaster ride where |
| 0:40.6 | when the tenant pays rent and you don't have any expenses, you're happy and you love rental |
| 0:46.0 | properties. |
| 0:47.1 | And then the second that the tenant doesn't pay or you have a vacancy or even a small repair, |
| 0:53.0 | it takes away your cash flow and you're losing money on the |
| 0:56.5 | rental property and you hate rentals. And on the show today, we're going to explore this a little bit |
| 1:02.6 | more. We'll talk about how having more rental properties is actually a lot less risky. |
| 1:08.7 | We'll talk about how Carlo built his rental portfolio and how it |
| 1:13.1 | became easier when he got more rentals. Joining us on the show today from Pittsburgh is |
| 1:18.5 | Carlo Finetti. We'll take a quick break to thank our sponsors. We'll come right back and we'll talk to |
| 1:24.1 | Carlo. It's a lot of work to find a really good rental property, and when |
| 1:27.9 | you actually find that property, you want to make sure you're working with a lender that can get |
| 1:32.0 | that loan closed. The lender that I recommend is Chaley Ridge from Ridge Lending Group. She's a nationwide |
| 1:39.1 | lender, and her specialty is helping investors finance rental properties. She has a ton of loan programs and she can find something customized to you for your situation. |
| 1:49.7 | If you want to find out more or you're ready to get started today, just go to ridgelendinggroup.com. |
| 1:55.4 | That's R-I-D-G-E lending group.com. |
| 1:59.3 | NMLS 42056. Are you looking for a rental income without the headaches? |
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