Passively Rich with Rentals 6 Questions That Make or Break Your Out-of-State Rental Success
📍 Start Here: The Lazy Investor’s Guide to Real Estate Wealth. Grab the FREE step-by-step guide with proven shortcuts and expert support - so you can confidently invest in real estate (even from 2,000 miles away and without the stress, overwhelm, or landlord duties). CLICK HERE
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In this episode, Melissa sits down with real estate investing expert Michael, who brings over 20 years of experience helping investors build passive income and generational wealth through rental properties. Michael shares how he transitioned from stock market investing to out-of-state real estate investing — and why real estate offers superior scalability, cash flow, and long-term security.
They dive deep into the must-know strategies for out-of-state rental success, including how to evaluate neighborhoods, choose the right property management team, and avoid the most common mistakes that sink new investors. You'll learn the importance of mastering the 3 Pillars of Real Estate Success: Property, Process, and People, plus actionable tips for building strong investor-property manager relationships.
If you're looking to scale your real estate portfolio beyond your local market and create true financial freedom, this episode is packed with practical advice you can use immediately.
00:00 Introduction and Guest Welcome
01:49 Michael's Journey into Real Estate
04:07 The Importance of Mentorship and Learning from Failure
05:42 Out-of-State Investing: Strategies and Insights
08:19 Michael's Background and Real Estate Success
14:32 Key Questions for Out-of-State Investors
28:58 Building Trust and Relationships with Property Managers
30:19 Handling Property Maintenance and Expenses
32:01 Effective Communication with Property Managers
39:38 Identifying and Avoiding Lazy Property Managers
47:12 Protecting Yourself from Bad Property Management
53:33 Conclusion and Final Thoughts
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About Passively Rich with Rentals
Passively Rich with Rentals is the real estate investing podcast for busy people who want simple, actionable steps to build passive income without creating another job. Hosted by Melissa Nash, founder of LadyLuck Investments, the show teaches everyday people how to invest in rental properties out of state using vetted teams, proven systems, and long term strategies.
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