261: 19 Rentals, $1M Later: Lessons from the Road

David Lecko takes listeners on a car ride to tour his 19 rental properties, nine of which have appreciated by over $1 million in just five years. Joined by Bruce Arellano, a California investor transitioning to the Indianapolis market, they discuss managing rentals, the BRRRR strategy, and lessons learned from scaling a portfolio in two very different markets. KEY TALKING POINTS: 0:00 - Introduction 0:28 - Why Bruce And His Wife Moved To Indianapolis 3:00 - California’s Squatter Rights 4:42 - The Rental Scam David Discovered 6:09 - Bruce Says Vetting People In Indy Is Easier Than California 7:50 - How Him And His Wife Divide Up The Duties 12:55 - His Current Approach To Marketing 13:59 - The Differences With Midwest Markets 15:39 - How David Chose His First Investment Party & Self-Managing His Rentals 20:29 - What Bruce Is Looking To Learn From Riding With David 21:21 - Why David Wanted To Take A Look At All Of His Properties 24:27 - People On The Internet Who Hate On Landlords 25:38 - Bruce’s Background In The Military 26:35 - Where Bruce And David Are At In Their Real Estate Careers 27:09 - The Payment Structure That Bruce Recommends For Acquisitions 28:18 - David’s Takeaway 28:32 - Outro LINKS: Instagram: Bruce Arellano https://www.instagram.com/investing4arellanos/ Instagram: David Lecko https://www.instagram.com/dlecko Website: DealMachine https://www.dealmachine.com/pod Instagram: Ryan Haywood https://www.instagram.com/heritage_home_investments Website: Heritage Home Investments https://www.heritagehomeinvestments.com/