Round Table | Breaking Down Long-Term Rentals as a Passive Income Option

Many of us can learn how the rental business works faster than any other investment. It's simple and profitable and can be your gateway to passive income if you're willing to patiently grow your wealth over the long term.

As long as people need a clean and warm living environment and properties are being built, there will always be a demand for long-term rentals. But is acquiring and managing long-term rentals for you?

Tune in and find out more about the long-term rental space as Russ, Joey, and the Financial Freedom Coaches (with the special participation of Jeff Wagner from the Inner Circle) discuss the following:
Acquisition Strategy
Effective Management Strategy to Maximize Cash Flow
Exit Strategy

And more!

Book Recommendation - The Richest Man in Babylon by George Clason:
https://www.amazon.com/Richest-Man-Babylon-George-Clason/dp/1505339111

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02:10 - Who is best suited to become an owner of a long-term rental property?
05:39 - Why do you think this topic is so important for us to cover?
08:45 - Why should we break down the long-term rental space as a potential option for creating passive income?
11:36 - Where should I look for long-term rental properties, and how do I know if they fit my investor buy box?
15:16 - What does the BRRRR method mean?
24:21 - What exactly is Subject To?
26:06 - How do you optimize and manage 58 properties?
30:05 - How do you look at effectively managing and optimizing cash flow for your multifamily project?
31:11 - What traits do you possess that made it a good fit for you to self-manage?
37:30 - What can go wrong as we're trying to acquire and manage these properties?
38:58 - What can go right or wrong in acquiring or managing the properties?
45:23 - How is it that you suddenly got an extra $200 a month from your unit that you hadn't been getting up to that point?
47:49 - Can you share your exit strategy?
51:20 - What are some ways you've looked at this as you acquire real estate?
56:15 - What are your final thoughts?

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www.wealthwithoutwallstreet.com/podcast/round-table-breaking-down-long-term-rentals-as-a-passive-income-option

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