BiggerPockets Real Estate Podcast
Business:Investing
Why are David and Rob selling off parts of their rental portfolios? It’s a new season, and you know what that means—spring cleaning! And if you’ve got underperforming properties, a real estate business that’s just treading water, or employees who aren’t moving the needle, this is the episode for you. David and Rob are talking about “trimming the fat” of their portfolios and businesses, weeding out the bad expenses, and selling off their problem rental properties. And with spring being the best time to sell, you may want to consider doing the same.
First, we’re going through David and Rob’s real estate businesses—they’re talking about hiring, firing, starting new businesses, and when it’s time to slow INSTEAD of grow. Next, the investing duo takes a hard look at their portfolios, triaging the properties into winners, losers, and the ones that need a little love. If you’ve got a rental property that isn’t pulling in the numbers you want, now may be the time to sell!
But, if you’re going to sell some of your rentals, how do you use that money to keep building wealth? We’ll get into exactly what David and Rob are doing with the money from their problem rental properties and how they’re using it to multiply their cash flow even more. Don’t leave your portfolio collecting dust—you’ve got some spring cleaning to do!
In This Episode We Cover
When it’s time to sell your rental properties (and how to know they’re underperforming)
Why you should NOT start a new business until you evaluate THIS
Hiring, firing, and how to know it’s time to cut back your business expenses
The real reason you need to visit your properties more often (Rob’s BIG mistake)
Return on equity (ROE) and why you need to keep track of this crucial metric
David’s potential move and why he may be leaving the Golden State behind
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-929
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945: Seeing Greene: Stolen Properties and Why Your Rate Doesn't (Really) Matter
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943: BiggerNews: Can’t Qualify for Another Mortgage? Try THESE Investor Loans w/Jeff Welgan
942: Building Wealth with OLD Homes and How to Keep Tenants for Longer w/Lisa Field Moore
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940: Crucial Questions to Ask an Agent and How to Negotiate Commissions w/James Dainard
939: BiggerNews: 100% Financing for First-Time Home Buyers is HERE w/Jeff Welgan
938: Scaling from 0 to 20+ Doors Using These "Self-Management" Tools & Tips w/Amelia McGee and Grace Gudenkauf
937: Seeing Greene: Paying Off Rentals, Estimating Crime, & Replacing Your Salary
936: 4 Ways to Start Investing in Real Estate with NO or LOW Money
935: BiggerNews: Investing with High Rates, Stubborn Inflation, & Low Supply w/Kathy Fettke
934: How to Pay Less Taxes by Buying Real Estate (1 Write-Off You’re Overlooking) w/Brandon Hall
933: Designing for Dollars: 7 Design Tips That Could Double Your Airbnb Revenue w/Erica Dike
932: Seeing Greene: When NOT to Build an ADU and How to Invest $300K
931: How to Build a Real Estate Portfolio from Scratch in 2024
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