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Investing in Real Estate with Clayton Morris | Investing for Beginners

1169: Q&A: When Should I Sell a Rental Property? - Episode 1169

Investing in Real Estate with Clayton Morris | Investing for Beginners

Clayton Morris

How To, News, Education, Business News, Business, Investing

4.41.1K Ratings

🗓️ 30 June 2025

⏱️ 13 minutes

🧾️ Download transcript

Summary

If you own a rental property that needs constant repairs and maintenance, what should you do? Is it better to sell a high maintenance property, or is there a better way to deal with it? That's the first question I'm answering on this encore Q&A episode of Investing in Real Estate.

Today I'm answering three of your great questions on dealing with repetitive repairs, turning your first home into a rental property, and the rules on using a property in your self-directed IRA.

Transcript

Click on a timestamp to play from that location

0:00.0

Wake up! The Jones is a redo in their garden! Love that porcelain paven and all that fencing.

0:05.3

I knew it. They'd been with their landscaper to Jusen.

0:07.8

A mini-digger! No wonder she was so smug at Zumba! Right, I want a sunken seating area. She won't have that?

0:14.2

For materials, too high, timber and paving. Don't waste time. Deuson's got the lot. Like Terales, porcelain, paving from only 22 pounds per square meter.

0:22.3

Love it.

0:23.1

All trade prices exclude VAT at 20%.

0:25.9

So now you can keep up with the Joneses and the Evanses and the Bertels.

0:30.0

Today is our Q&A episode here where you get to leave us a voicemail question and we try to

0:34.7

answer it here on the show. If you go to morrisinvest.com and right there on the

0:39.1

home screen of our website, you can see a microphone icon right there. Just click that and you can

0:44.2

leave us a voicemail question. So our first question today comes to us from Jackie.

0:49.0

Hey, Clayton, do you ever get to the point with a rental property because of the chronic expense that it causes

0:58.8

due to condition problems, maybe it's a chronic leaky pipe or some kind of physical condition

1:08.6

in the house that just frequently needs to be readdressed every

1:13.8

month. When do you look at a property in terms of should I sell the property, even if it's

1:21.3

cash flowing pretty nice? Look forward to your thoughts. Thanks.

1:25.6

All right. Thank you, Jackie. Well, a couple of things come to mind, right? Number one, as a business

1:29.9

owner, I want you to think as if you have 50 properties, okay? And if you have 50 properties and you

1:35.9

have a problem property that's causing problems, how do you handle it as a business owner?

1:41.4

Because I think there's a difference between someone who, you know, maybe or has

1:45.8

a thousand properties, right? Like our friend of the show, Robert Kiyosaki, we were at lunch one day,

1:51.4

and I said, how many properties do you own? And I think he said something like 2000, right?

...

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