Robert Leonard (@therobertleonard) talks with Ryan Chaw about what student rentals and a rent-by-the-room strategy are, how student rentals have been impacted by the pandemic, how to deal with potential damage from student renters, how to screen students as potential tenants, how to find real estate deals, and much, much more! Ryan Chaw graduated with a Doctor of Pharmacy degree in 2015 at age 23, and while he loves his job, he wanted to do something more in life. He didn’t want to become just “that pharmacist” who worked at his job until he retired at 65. Instead, he has become a successful real estate investor today and teaches others how to do what he has done. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 05:12 - How student rentals were impacted by the pandemic 08:04 - Marketing for rent-by-the-room strategy 13:26 - Why the rent-by-the-room strategy can generate so much cash flow 19:07 - How to screen potential student tenants 24:50 - Ryan’s process for managing his rentals 30:09 - How to scale a real estate portfolio using creative financing 33:36 - Ryan’s learnings from a mistake that cost him $30,000 40:21 - How to mentally deal with all the debt that comes with real estate investing 42:18 - Real Estate during a recession 📌 Get your first 3 months of investment management with Titan for zero fees! https://www.titan.com/TIP ✔️ Subscribe to the Real Estate 101 show: https://open.spotify.com/show/7dnn22EWyo6MLsPaR492BM 🖊️ Access our free show notes and transcript here: https://www.theinvestorspodcast.com/real-estate-101/rent-by-the-room-investing 📖 BOOKS MENTIONED: - The Everything Guide to House Hacking by Robert Leonard: https://amzn.to/3GNLlkL - The Millionaire Real Estate Investor by Gary Keller: https://amzn.to/2q7X3nS Disclosure: Some of the links above are affiliate links that we may earn commission from. This helps keep our show going! 😀 ▶️ RELATED EPISODES: - REI042: Student Rentals By The Room w/ Ryan Chaw: https://www.theinvestorspodcast.com/real-estate-101/rei042-student-rentals-by-the-room-with-ryan-chaw/ - REI037: Rent-By-The-Room To Riches w/ Todd Baldwin: https://www.theinvestorspodcast.com/real-estate-101/rei037-rent-by-the-room-to-riches-with-todd-baldwin/ 💡 OTHER RESOURCES - BiggerPockets’ Due On Sale Clause Insurance episode: https://www.youtube.com/watch?v=FWdhsZEwQaM - Ryan’s Guide for Newbies: http://www.newbierealestateinvesting.com/guide - Ryan’s Website: http://www.newbierealestateinvesting.com/guide - Check out our Real Estate Investing Starter Packs: https://www.theinvestorspodcast.com/real-estate-investing-starter-packs/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ LISTEN 🎧 TO OTHER SHOWS FROM OUR NETWORK: ₿ If you're interested in Bitcoin, checkout our Bitcoin Fundamentals podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F8wOLjjwNCM5B1qFdrtTdTZ 📚 Dive into value investing and learn more about billionaires with our We Study Billionaires podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F9dDPFYGAHRbrWoToCe2uoU 🏘 Learn the ins and outs of real estate investing with our Real Estate 101 podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F8Yw_8xO2nk-RD7fhb3yktn 💸 Get introduced to the world of investing with our Millennial Investing podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F_p00VYv3psJ8rhDAGOvR5W ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ FOLLOW US ON SOCIAL MEDIA📱: 💻 Facebook: https://www.facebook.com/groups/theinvestorspodcast/ 👔 Linkedin: https://www.linkedin.com/company/the-investor's-podcast/ 🐦 Twitter: https://twitter.com/TIP_Network ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ 📥 Download Stig & Preston's 1-page checklist for finding great stock picks: https://www.theinvestorspodcast.com/form-youtube-checklist/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ❗DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.