Escaping the rat race at 26 isn’t easy, but Isaac Lane, Arizona-based investor and rookie landlord, is doing it through out-of-state investing! Isaac started investing only a couple of years ago, but he’s been scaling quickly as he purchased five rentals in his first year of investing alone. Now, he balances his time between working his day job as an engineer for a commercial real estate firm and managing his properties that are multiple states away!
Welcome back to another Rookie Reply, where Isaac is helping us answer some common property management questions. He gives advice on how to start investing out of state and where to begin building your real estate team. And for those who still haven’t done their first deal yet, Isaac talks about property management, maintenance requests, inherited tenants, smart devices, landlord insurance, and why you ALWAYS change your locks during a tenant turnover.
If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (1-888-5-ROOKIE).
Ashley:
This is Real Estate Rookie, Episode 256.
Isaac:
The biggest thing for me when I was in college, I read Rich Dad Poor Dad and it really changed my mindset in terms of money, in terms of building assets and build a passive income. My parents make pretty good money, but they never really had any type of assets or passive income, and they were always doing the rat race where they constantly have to work to make money and just seeing there’s another side to it and having that idea where I don’t have to actually wake up and work to make money is just a beautiful thing. So I’m just trying to chase that. It’s my big motivation.
Ashley:
My name is Ashley Kehr and I’m here with my co-host Tony Robinson.
Tony:
And welcome to the Real Estate Rookie Podcast where every week, twice a week, we bring you the inspiration, motivation, and stories you need to hear to kickstart your investing…