Don’t buy in good school districts. Always end your leases in winter. NEVER raise rents on a tenant.
These are just some of the “Dionisms” that have made Dion McNeeley, the so-called “lazy investor,” rich with rental properties. He achieved financial freedom, retiring early with a $200,000/year passive income after slowly, steadily, and lazily investing for the past decade.
Want to never swing a hammer? You don’t have to! Want tenants to stick around as long as possible? They will! Too scared to have the rent raise talk? Let Dion do it for you! In this episode, we’re breaking down the ten different “Dionisms” (unconventional landlord advice) that have literally made Dion millions and can do the same for you.
Dion went from debt-riddled to multi-millionaire in just over a decade, starting his journey making just $17/hour, with three kids and very little time. If Dion can reach financial freedom with FEWER rentals, why can’t you?
Dave:
Do not buy properties in a good school district. Have your leases end in the winter. Let your tenants pick their own rent. You think you’ve been following real estate best practices? Well today we’ll explain why everything you thought you knew might be wrong. Hey friends, it’s Dave Meyer. Welcome to the BiggerPockets Podcast where we help you achieve financial freedom through real estate investing. Today’s guest is Dion McNeely, an investor in the Tacoma, Seattle area, and you may have heard Dion before on the Rookie Show or BiggerPockets Money podcast before, and he’s pretty famous for developing the binder strategy for raising rent. Deanne started investing with a huge amount of debt and a low income. He used only the most basic strategies and says he tried to be as lazy about his investing as possible. Today, fast forward, he’s retired with more passive income than he can even spend, so we’re going to get into the details of how he had so much success even when he admittedly put as little work as…