357 | Should You Sell Your Rental Property Ahead of A Big Maintenance Item?
Not Your Average Investor Show
English - December 04, 2023 10:00 - 1 hour - 50.9 MBInvesting Business Entrepreneurship rental property investing jacksonville real estate real estate investing Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed
The most expensive elements of your rental property are the mechanicals (air conditioner), electrical, plumbing, and roof, and if you're investing with the right partner, these will be in great shape when you purchase your property.
But even if you get everything new, these systems have 10-20 year life spans and will eventually need upgrading, so it begs the question-
Should you sell your rental property ahead of these big maintenance items, or is there a better strategy?
Join JWB co-founder, Gregg Cohen, and Not Your Average Investor Show host, Pablo Gonzalez, as they dive deep into this question, and talk about:
- what you can do to avoid these maintenance expenses as long as possible on the front end (when you buy)
- how to make the right decision at the time of major capital upgrades needed
- why the average investor tends to leave returns on the table by thinking short term when they get hit with maintenance expenses
This is a question that has come up on in our community many times so we're making a show about it.
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