Mike Thompson isn't trying to build a massive rental empire. His goal is simple: a handful of solid properties that generate income for retirement and create something he can pass down to his kids.

Mike started by buying a 4-unit property in Ohio, where he was living at the time. He self-managed and handled his own maintenance. He enjoyed the hands-on approach and quickly learned the business. But after relocating to South Carolina, everything changed. Turning the property over to a property manager didn't go as planned, and within a year, Mike decided to sell… walking away with a profit.

After taking time to understand his new market, Mike got back in by buying two condos that he now self-manages. On this episode, we break down his numbers, how he budgets for expenses, and how he's finding deals in today's market.

https://rentalincomepodcast.com/episode568

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On this episode, Tom McGreevy might not sound like your typical landlord. He doesn't raise rents, doesn't charge late fees, and even admits he might be "too nice" to his tenants. In fact, Tom says he'd give himself a failing grade as a landlord.

But despite that, he's built a portfolio that generates over $200,000 a year in rental income.

Tom breaks down how his strategy actually works. His long-term rentals provide steady, reliable cash flow that covers all of his fixed expenses, giving him a solid financial foundation. Then his Airbnb properties, which are more unpredictable, become the upside and drive his profit. He also shares why having those short-term rentals located three hours away has turned out to be an advantage rather than a drawback.

We also talk about the role his W2 job plays in his investing strategy, and how it's allowed him to take bigger risks without relying on rental income to live.

Tom shares how he's sold properties along the way and how working with a knowledgeable CPA helped him legally avoid a massive tax hit.

https://rentalincomepodcast.com/episode567

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On this episode, Kaycee Miller shares the real story behind building new construction rentals, including the wins and the unexpected challenges.

Kaycee started out buying foreclosures and rehabbing them, but began to wonder if building from the ground up could be more profitable.

She walks us through her transition into new construction, why it can sometimes be more cost-effective than buying existing properties, and how building new can lead to higher rents and better long-term returns. Kaycee breaks down her experience developing an 8-unit property in the downtown area of her small town, including how she found the lot.

We also dive into a unique deal where she purchased an old church that had been converted into a single-family home, but was zoned for multifamily use. That opportunity came with its own hurdles, including navigating historic district regulations and working through the approval process with the historic commission.

But not everything went according to plan. Kaycee shares the reality of lease-up, including the mistake of expecting full occupancy right away and the challenges she faced in targeting the high end of the rental market. She talks about what she learned when demand didn't match her expectations, how she adjusted her strategy, and what she would do differently next time.

https://rentalincomepodcast.com/episode566

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Ridge Lending Group - Making the investment mortgage process simple and stress-free. Sign up for a free 30-minute investor strategy session.

MidSouth HomeBuyers – Turnkey Rentals In Memphis & Little Rock. Instant Cash Flow On Day One. (5% Interest Rate & 5% Management Fee For 5 Years).