251: Replacing Your Income with Real Estate as a DIY Landlord with Eric Drenckhahn

How do you build up an arsenal of relevant landlording knowledge? Through hands-on experience. Eric Drenckhahn is a “DIY landlord” who has managed his mid-sized portfolio for years and who has come across countless maintenance and landlording issues. Join us in picking his experienced mind across a myriad of real estate issues and learn how to become a successful DIY landlord. In This Episode We Cover:How Eric got started investing in real estateThoughts on buying properties for what they’re worthThe reason he waited for 8 years before investing againWhy the real estate crash didn’t hurt himTips for determining your CapExHow to become a DIY maintenance landlordA discussion on DIY vs. hiring it outWhat you should know about managing propertiesInstances where doing it yourself goes a long wayWhat’s next for with EricAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets CalculatorsLoopNetBooks Mentioned in this ShowSet for Life by Scott TrenchEmerging Real Estate Markets by David LindahlFire Round QuestionsWho is responsible: tenant or landlord?How much do you collect as a holding deposit/fee, and what do you call it?What do your unit turnovers actually cost?Refinish hardwood or install LVP?Best flooring for a rental?Tweetable Topics:“To make money, you need to have positive cash flow.” (Tweet This!)“Landlord can weed out the simple things.” (Tweet This!)“Managing property is no problem.” (Tweet This!)Connect with EricEric’s BiggerPockets ProfileEric’s Personal Website