Everyone knows rental properties can be a great way to build wealth and cash flow. Yet so few people ever take the steps needed to build their portfolio. That’s why we’re excited for you to listen to this week’s episode of The BiggerPockets Podcast! On this show, we sit down with Steve Garner, a North Carolina investor who currently is building and managing a rental portfolio while working a full-time job he loves. You’ll learn several creative methods for finding deals that have worked great for Steve, as well as some of his clever tricks for managing tenants with minimal work!

In This Episode We Cover:

How Steve got started in real estate
How to build courage to get started investing
Details on his first deal
Why Brandon and Steve love tenant-proofing their properties
What “REO” means
What REIA is
How he landed his second property using Homepath
Tips for looking at cash on cash return
How many deals has Steve done so far
How he finds deals
How he handles CapEx
How to puts money aside for CapEx
Steve’s 10-unit townhomes
How he finances his properties
Thoughts on managing properties
Why he’s very particular when a tenant’s about to leave
What his full-time job is
The importance of screening and having standards for tenants
And SO much more!

Links from the Show

Denver Startup Week
BiggerPockets Jobs
Carlton Sheets Cassettes
BiggerPockets Webinar
BiggerPockets Events
BP Podcast 004: Commercial Real Estate Investing With Frank Gallinelli
BP Podcast 186: How to Get Your First Few Properties — Even in a Competitive Market with Dave Meyer
BiggerPockets Forums

Books Mentioned in this Show

The Book on Investing with No or Low Money Down by Brandon Turner
The Book on Rental Property Investing and The Book on Managing Rental by Brandon Turner and Heather Turner
The Millionaire Real Estate Investor by Gary Keller
Rich Dad Poor Dad by Robert Kiyosaki
Landlording on Auto-Pilot by Mike Butler
The Success Journey by John C. Maxwell
The Richest Man in Babylon by George S. Clason
How to Win Friends & Influence People by Dale Carnegie

Tweetable Topics:

“I am a long-term buy and hold investor so I try to rent-proof my properties.” (Tweet This!)
“The time to get credit is when you don’t need it.” (Tweet This!)
“There’s so many good tenants out there that you want to make sure you find that good tenant.” (Tweet This!)
“Beyond being a continual learner is taking action.” (Tweet This!)

Connect with Steve

Steve’s BiggerPockets Profile

Learn more about your ad choices. Visit megaphone.fm/adchoices

193: Finding and Managing Rental Properties While Working Full-Time with Steve Garner 01:06:13

BiggerPockets Real Estate Podcast

Shownotes Transcript

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193: Finding and Managing Rental Properties While Working Full-Time with Steve Garner