Plus, "our tenants value the fact that they're renting slightly below market rate, so they're going to want to take care of the place," said Ted, calling it a win-win. Despite renting at or below the average in their area, the Garbers earn six figures in "mostly passive" rental income, said Ted. Florida-based couple Ted and Jamie Garber are using real estate to achieve financial independence. The first page features a picture of the property they're renting and its cost. When he bought it, both tenants he inherited were paying about $1,100 in rent, but the market rent was closer to $1,600.