📍 Start Here: The Lazy Investor’s Guide to Real Estate Wealth. Grab the FREE step-by-step guide with proven shortcuts and expert support - so you can confidently invest in real estate (even from 2,000 miles away and without the stress, overwhelm, or landlord duties). CLICK HERE
--------------------------------
In this episode, Melissa sits down with real estate investing expert Michael, who brings over 20 years of experience helping investors build passive income and generational wealth through rental properties. Michael shares how he transitioned from stock market investing to out-of-state real estate investing — and why real estate offers superior scalability, cash flow, and long-term security.Â
They dive deep into the must-know strategies for out-of-state rental success, including how to evaluate neighborhoods, choose the right property management team, and avoid the most common mistakes that sink new investors. You'll learn the importance of mastering the 3 Pillars of Real Estate Success: Property, Process, and People, plus actionable tips for building strong investor-property manager relationships.Â
If you're looking to scale your real estate portfolio beyond your local market and create true financial freedom, this episode is packed with practical advice you can use immediately.Â
00:00 Introduction and Guest Welcome
01:49 Michael's Journey into Real Estate
04:07 The Importance of Mentorship and Learning from Failure
05:42 Out-of-State Investing: Strategies and Insights
08:19 Michael's Background and Real Estate Success
14:32 Key Questions for Out-of-State Investors
28:58 Building Trust and Relationships with Property Managers
30:19 Handling Property Maintenance and Expenses
32:01 Effective Communication with Property Managers
39:38 Identifying and Avoiding Lazy Property Managers
47:12 Protecting Yourself from Bad Property Management
53:33 Conclusion and Final Thoughts
REMINDER: If you’re ready to start building passive income and stop working for your money, grab your "Lazy Investor’s Guide to Doing Nothing and Still Getting Paid." It’s a free resource that’ll walk you through the first steps of creating a rental empire from anywhere. Download it now! 👉CLICK HERE--> https://ladyluckinvestments.com/lazyinvestor
---------------------------
1. Think LLC's are expensive or complicated to open? Think again! Get started today for under $200... and in less than 20 min! CLICK HERE: http://shrsl.com/2qfxn-1hzb-kp67
2. Join My FREE Community for New & Aspiring Real Estate Investors! 👉 Join here: skool.com/passiverentals-free
3. ❤️ Like what you hear? Let’s connect on Instagram @themelissanash
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!