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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. 

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. 

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. 

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

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ABOUT PASSIVELY RICH WITH RENTALS

Passively Rich with Rentals is the real estate investing podcast for busy people who want simple, actionable steps to build passive inc...