BiggerPockets Real Estate Podcast

Making $200K/Year With the Least Amount of Rentals Possible

89 snips
Feb 19, 2025
Dion McNeeley, known as the ‘lazy investor,’ shares his unique strategies for achieving financial freedom with real estate. He emphasizes unconventional wisdom like avoiding good school districts and ending leases in winter. Dion also discusses his innovative ‘binder strategy’ that lets tenants manage rent increases, reducing the stress for landlords. With a financial journey from debt to earning $200,000 annually with fewer properties, he illustrates how smart choices can lead to successful investing without the grind.
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ANECDOTE

Dion's Real Estate Journey

  • Dion McNeeley started investing at 40 after being laid off, facing debt, and being a single parent.
  • Despite these challenges, he achieved financial freedom through real estate in 12 years.
ADVICE

The Binder Strategy

  • Let tenants determine their rent increases by presenting market data in a binder.
  • This binder strategy fosters happy tenants, reduces turnover, and ensures consistent rent growth.
ADVICE

Winter Lease Endings

  • End leases in winter for lower tenant turnover.
  • Fewer people move during winter, increasing tenant retention.
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