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

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✔️ Subscribe to the Real Estate 101 show: https://link.chtbl.com/REI

🖊️ 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/

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