#102 - How to Earn Passive Income Without Being a Landlord with Lindsay Davis
Manage episode 501835315 series 3511422
What if you could earn steady rental income without ever having to fix a leaky faucet or chase down a tenant? In this episode, Steven chats with Lindsay Davis, CEO of Spartan Invest, as she explains how her team helps busy professionals build real estate income through fully managed, turnkey single-family homes. No landlord duties. No guesswork. Just a clear process that handles everything from buying and renovating the home to managing it long-term. We talk about how they keep things simple, what kind of returns you can expect, how they lock in 5.5% rates even today, and what questions you should ask before working with any turnkey provider. If you’ve ever said, “I want to invest, but I don’t have time,” this one's for you.
Lindsay Davis is the Broker and Founder of Spartan Realty. She graduated Cum Laude from the University of Alabama with a Bachelor’s degree in Public Relations and Business Management. After graduation, she quickly moved up the ranks at Cintas in Tuscaloosa, AL, landing multiple management positions. Shortly thereafter, she joined her business partners and helped co-found Spartan Invest; a growing investment company that specializes in the purchase, renovation, and resell of properties. As Broker of Spartan Realty, Lindsay oversees the purchase and resell of over 300 properties a year in Alabama, Tennessee, and Georgia.
Lindsay's true passion is bringing properties back to life. She works tirelessly to take distressed properties that have lost their functional use in our community and make them useful, comfortable homes for Birmingham residents.
Connect with Lindsay:
Website: https://www.spartanrealtyal.com/
LinkedIn: https://www.linkedin.com/in/lindsay-davis-3996a778/
Tune in to her podcast: https://tinyurl.com/2sse9pjd
Episode highlights:
(0:00) Intro
(3:32) All about Lindsay and Spartan Invest
(9:34) Who are turnkey properties perfect for?
(15:57) Where to find turnkey properties
(21:20) How Spartan offers 5.5% rates in today’s market
(23:09) Forward commitment
(26:45) What the investor relationship looks like
(33:03) Why asking questions is critical
(37:41) Myths around passive income and “maintenance-free” rentals
(40:28) When investors decide to exit
(45:51) How rent increases are handled
(51:04) The most important advice for new investors
(53:41) What Spartan is building toward next
(58:46) Where to learn more about Lindsay and Spartan Invest
(59:42) Outro
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For more resources and guides, check these out:
- Investor 101 https://www.aritacapital.com/investor-101-resource/#
- Due Diligence Resource https://www.aritacapital.com/dd-checklist-resource/
If you want to learn more, reach out at:
Email: [email protected]
LinkedIn: https://www.linkedin.com/in/aritasteven/
103 episodes