Ep. #48 - Do You Require Renter's Insurance?
Husband, Father, Entrepreneur, Realtor… a long list of other titles and descriptions… and Landlord! Thank you for visiting the Website of the [… and Landlord!] Rental Real Estate Investing Podcast – with Jonathan Taylor (“J.T.”) Smith… Following a roadmap to financial freedom through Residential Rental Real Estate.
Here you’ll learn how adding “and Landlord” to the litany of titles and descriptions that speak to who you are and what you do may be the greatest opportunity to achieve financial freedom available to the average person today... Where someone else pays the bills (the Tenant) and someone else provides 80% or more of the money (the Bank) and where you get 100% of the cash-flow, all future appreciation and the tax benefits. All on an asset that’s insured against loss, and that cannot be worth ZERO short of an Alien Invasion or the Zombie Apocalypse, ultimately resulting in a FREE HOUSE for YOU (the Landlord) – that will kick out cash-flow for the rest of your life and beyond! You try getting any of that from the stock market or your 401K. So be all that you are… and Landlord!
No? Scared? Name for me another asset class where you can get a low-interest 30-year loan for 80% (or more) of the purchase price of that asset, but still get the benefits of being 100% owner? And for which you can get cheap insurance on that asset protecting against losses, including fire, theft, natural disasters, etc… Yet you get 100% of future value appreciation and all of the tax benefits, including mortgage interest deduction, and deduction of rehab / repair and operating expenses, plus phantom deductions like depreciation! All while having everything paid by someone else (the Tenant)!? This is what you get owning Rental Real Estate – being a Landlord.... If it wasn't all true, it would be unbelievable, as in too good to be true - but it is!
Listen to the [… and Landlord!] Podcast to learn how to be a Professional Landlord and hear first hand experiences (both successes and failures) of others – to benefit yourself in becoming or improving as Residential Rental Real Estate Investor… and Landlord!