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!
David:
This is the BiggerPockets Podcast show. 9 2 9. What’s going on everyone? This is David Greene, your host of the BiggerPockets Real Estate podcast here today with Rob Abasolo. Spring is in the air. Love is in the air. And do you know what that means, Rob?
Rob:
I do flowers, blooming bears coming out of hibernation, which honestly makes me feel like a, a, a missed opportunity here ’cause I don’t wear any of my floral shirts. What was I thinking?
David:
Yeah, you have floral shirts, you have raggedy t-shirts that actually make me look like I dress nice. And then you got your H Town sweater. That’s that. I see…