{"id":80677,"date":"2016-09-22T00:02:27","date_gmt":"2016-09-22T06:02:27","guid":{"rendered":"https:\/\/www.biggerpockets.com\/renewsblog\/?p=80677"},"modified":"2023-04-14T01:58:33","modified_gmt":"2023-04-14T07:58:33","slug":"bp-podcast-193finding-managing-rental-properties-working-full-time-steve-garner","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/bp-podcast-193finding-managing-rental-properties-working-full-time-steve-garner","title":{"rendered":"Finding and Managing Rental Properties While Working Full-Time with Steve Garner"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Everyone knows rental properties can be a great way to build wealth and cash flow. Yet so few people ever take the steps needed to build their portfolio. That\u2019s why we\u2019re excited for you to listen to this week\u2019s episode of <a href=\"https:\/\/www.biggerpockets.com\/podcast\" target=\"_blank\" rel=\"noopener noreferrer\">The BiggerPockets Podcast<\/a>! On this show, we sit down with <strong>Steve Garner<\/strong>, a North Carolina investor who currently is building and managing a rental portfolio while working a full-time job he loves. You\u2019ll learn <strong>several creative methods<\/strong> for finding deals that have worked great for Steve, as well as some of his clever tricks for managing tenants with minimal work!<\/span><\/p>\n<p><a href=\"https:\/\/itunes.apple.com\/us\/podcast\/biggerpockets-podcast-real\/id594419649\" target=\"_blank\" rel=\"noopener\">Click here<\/a>\u00a0to listen on iTunes.<\/p>\n<h2>Listen to the Podcast Here<\/h2>\n<p><iframe loading=\"lazy\" frameborder=\"0\" height=\"200\" scrolling=\"no\" src=\"https:\/\/playlist.megaphone.fm?e=BIGPOC4730799014&#038;light=false\" width=\"100%\"><\/iframe><\/p>\n<h2>Watch the Podcast Here<\/h2>\n<p><iframe loading=\"lazy\" title=\"Finding and Managing Rental Properties While Working Full-Time with Steve Garner | BP Podcast 193\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/w-Qc54yfuro?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2>Help Us Out!<\/h2>\n<p>Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found <a href=\"https:\/\/www.biggerpockets.com\/forums\/25\/topics\/161423-do-you-listen-to-the-bp-podcast\" target=\"_blank\" rel=\"noopener noreferrer\">here<\/a>. Thanks! We really appreciate it!<\/p>\n<h2>This Show Sponsored By<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-78561 \" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2016\/06\/MACK-INV-logo_Overview.png\" alt=\"MACK-INV-logo_Overview\" width=\"126\" height=\"143\" title=\"\">A huge thanks as well to our Fire Round sponsor <strong>MACK<\/strong>.<\/p>\n<p>MACK Investments is the nation\u2019s longest tenured turnkey operator with over 38 years of\u00a0combined experience, with its fully vertically integrated operation in the US\u2019s most diverse\u00a0economy, Chicagoland. With over 2000+ homes under management, we serve over 300+\u00a0investors across 11 different countries. Homes are priced below 200 thousand and will generate\u00a0a guaranteed CAP averaging 9% that can be leveraged to achieve returns in excess of 20%.<\/p>\n<p><span style=\"line-height: 1.5;\">Learn more by visiting\u00a0<a href=\"https:\/\/mackinvestments.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">MACKinvestments.com<\/a><\/span><span style=\"line-height: 1.5;\">.<\/span><\/p>\n<h2>Fire Round\u00a0Sponsor<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-77567 alignright\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2016\/03\/simplisafe.png\" alt=\"simplisafe\" width=\"271\" height=\"58\" title=\"\">Check out <strong>SimpliSafe<\/strong> Security&#8217;s DIY home security systems; an affordable, wireless, cellular, and customizable system that doesn&#8217;t require a contract!<\/p>\n<p>Try it today with a discount:\u00a0<a href=\"https:\/\/simplisafepockets.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">simplisafepockets.com\/<\/a><\/p>\n<h2>In This Episode We Cover:<\/h2>\n<ul>\n<li>How Steve <strong>got started<\/strong> in real estate<\/li>\n<li>How to <strong>build courage<\/strong> to get started investing<\/li>\n<li>Details on his\u00a0<strong>first deal<\/strong><\/li>\n<li>Why Brandon and Steve love <strong>tenant-proofing<\/strong> their properties<\/li>\n<li>What &#8220;<strong>REO<\/strong>&#8221; means<\/li>\n<li>What <strong>REIA<\/strong> is<\/li>\n<li>How he landed his second property using <strong>Homepath<\/strong><\/li>\n<li>Tips for looking at <strong>cash on cash<\/strong> return<\/li>\n<li>How many <strong>deals<\/strong> has Steve done so far<\/li>\n<li>How he <strong>finds<\/strong> deals<\/li>\n<li>How he handles <strong>CapEx<\/strong><\/li>\n<li>How to puts <strong>money aside<\/strong> for CapEx<\/li>\n<li>Steve\u2019s <strong>10-unit<\/strong> townhomes<\/li>\n<li>How he <strong>finances<\/strong> his properties<\/li>\n<li>Thoughts on <strong>managing<\/strong>\u00a0properties<\/li>\n<li>Why he\u2019s very particular when a <strong>tenant<\/strong>\u2019s about to leave<\/li>\n<li>What his\u00a0<strong>full-time job<\/strong> is<\/li>\n<li>The importance of <strong>screening<\/strong> and having standards\u00a0for tenants<\/li>\n<li><strong>And SO much more!<\/strong><\/li>\n<\/ul>\n<h2>Links from the Show<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.denverstartupweek.org\/\" target=\"_blank\" rel=\"noopener noreferrer\">Denver Startup Week<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/jobs\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Jobs<\/a><\/li>\n<li><a href=\"https:\/\/amzn.to\/2cIeuFc\" target=\"_blank\" rel=\"noopener noreferrer\">Carlton Sheets Cassettes<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/webinar?main_track_only=true\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Webinar<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/events\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Events<\/a><\/li>\n<li><a href=\"\/renewsblog\/2013\/02\/07\/commercial-real-estate-frank-gallinelli-podcast\/\" target=\"_blank\" rel=\"noopener noreferrer\">BP Podcast 004: Commercial Real Estate Investing With Frank Gallinelli<\/a><\/li>\n<li><a href=\"\/renewsblog\/2016\/08\/04\/bp-podcast-186properties-competitive-market-dave-meyer\/\" target=\"_blank\" rel=\"noopener noreferrer\">BP Podcast 186: How to Get Your First Few Properties \u2014 Even in a Competitive Market with Dave Meyer<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/forums\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Forums<\/a><\/li>\n<\/ul>\n<h2>Books Mentioned in this Show<\/h2>\n<ul>\n<li><a href=\"https:\/\/get.biggerpockets.com\/nomoneydown\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>The Book on Investing with No or Low Money Down<\/em><\/a> by Brandon Turner<\/li>\n<li><a href=\"https:\/\/get.biggerpockets.com\/rentalbook\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>The Book on Rental Property Investing and The Book on Managing Rental<\/em><\/a> by Brandon Turner and Heather Turner<\/li>\n<li><a href=\"https:\/\/amzn.to\/2cSPHZC\" target=\"_blank\" rel=\"noopener noreferrer\"><em>The Millionaire Real Estate Investor<\/em><\/a> by Gary Keller<\/li>\n<li><a href=\"https:\/\/amzn.to\/2dfqmuh\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Rich Dad Poor Dad<\/em><\/a> by Robert Kiyosaki<\/li>\n<li><a href=\"https:\/\/amzn.to\/2dfpDJi\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Landlording on Auto-Pilot<\/em><\/a> by\u00a0Mike Butler<\/li>\n<li><a href=\"https:\/\/amzn.to\/2cP01oz\" target=\"_blank\" rel=\"noopener noreferrer\"><em>The Success Journey<\/em><\/a> by\u00a0John C. Maxwell<\/li>\n<li><a href=\"https:\/\/amzn.to\/2cP18o2\" target=\"_blank\" rel=\"noopener noreferrer\"><em>The Richest Man in Babylon<\/em><\/a> by\u00a0George S. Clason<\/li>\n<li><a href=\"https:\/\/amzn.to\/2cG8Dgk\" target=\"_blank\" rel=\"noopener noreferrer\"><em>How to Win Friends &amp; Influence People<\/em><\/a> by Dale Carnegie<\/li>\n<\/ul>\n<h2>Tweetable Topics:<\/h2>\n<ul>\n<li>&#8220;I am a long-term buy and hold investor so I try to rent-proof my properties.&#8221;\u00a0(<a href=\"https:\/\/twitter.com\/home?status=%22I%20am%20a%20long-term%20buy%20and%20hold%20investor%20so%20I%20try%20to%20rent-proof%20my%20properties.%22%20BP%20Podcast%20193%20biggerpockets.com\/show193%20%40biggerpockets\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<\/li>\n<li>&#8220;The time to get credit is when you don\u2019t need it.&#8221; (<a href=\"https:\/\/twitter.com\/home?status=%22The%20time%20to%20get%20credit%20is%20when%20you%20don%E2%80%99t%20need%20it.%22%20BP%20Podcast%20193%20biggerpockets.com\/show193%20%40biggerpockets\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<\/li>\n<li>&#8220;There\u2019s so many good tenants out there that you want to make sure you find that good tenant.&#8221; (<a href=\"https:\/\/twitter.com\/home?status=%22There%E2%80%99s%20so%20many%20good%20tenants%20out%20there%20that%20you%20want%20to%20make%20sure%20you%20find%20that%20good%20tenant.%22%20biggerpockets.com\/show193%20%40biggerpockets\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<\/li>\n<li>&#8220;Beyond being a continual learner is taking action.&#8221; (<a href=\"https:\/\/twitter.com\/home?status=%22Beyond%20being%20a%20continual%20learner%20is%20taking%20action.%22%20BP%20Podcast%20193%20biggerpockets.com\/show193%20%40biggerpockets\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<\/li>\n<\/ul>\n<h2>Connect with\u00a0Steve<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.biggerpockets.com\/users\/Crossover\" target=\"_blank\" rel=\"noopener noreferrer\">Steve&#8217;s\u00a0BiggerPockets Profile<\/a><\/li>\n<\/ul>\n<h2>Show Preview<\/h2>\n<p><iframe loading=\"lazy\" title=\"Podcast 193 Preview: It&#039;s a landlord&#039;s market\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/5vjpHF3svl4?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Everyone knows rental properties can be a great way to build wealth and cash flow. Yet so few people ever take the steps needed to build their portfolio. That\u2019s why [&hellip;]<\/p>\n","protected":false},"author":17340,"featured_media":118663,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4565],"tags":[],"class_list":["post-80677","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-biggerpockets-podcast"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/80677","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/17340"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=80677"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/80677\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/118663"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=80677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=80677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=80677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}