3467: How Many Toilets Do You Own by Joel of 5AM Joel on Hidden Costs

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Business, Investing, Education, Self-improvement

4.4 • 41 Ratings

🗓️ 22 February 2026

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3467: Joel strips away the hype of real estate investing with sharp humor and straight talk, revealing the unglamorous reality behind owning rental properties. From clogged toilets to unexpected costs, he highlights what new investors need to understand before jumping in. Read along with the original article(s) here: http://5amjoel.com/rental-property-toilets/ Quotes to ponder: "It’s common for new investors to misunderstand the cash-flow process of a rental business." "Before buying any new investment property, it’s imperative that all ongoing maintenance, repairs, and any potential disasters are accounted for." "A couple good quality investments will outperform many average ones." Episode references: The Book on Flipping Houses: https://www.amazon.com/Book-Flipping-Houses-Residential-Properties/dp/1947200100 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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1:09.7	Get more with Northwest Registered Agent at Northwest Registered Agent.com slash OFD free. This is Optimal Finance Daily. How many toilets do you own?
1:15.9	By Joel of 5am.jole.com. Newby. Real estate investing sounds so cool. How many rental properties do you own?
1:25.8	Me. I own 22 toilets. Newby, huh? I was asking about your
1:31.6	rental houses. Me. I know. Let me tell you. Somewhere in Texas, there are 22 toilets that I own.
1:39.3	Right now and throughout the day, people are shitting in them, flushing them, clogging them,
1:43.9	abusing them,
1:45.1	peeing all over them, breaking them, and I'm the lucky landlord that gets to fix them and pay maintenance.
1:51.9	Newby, wow, I guess owning rentals isn't so glamorous after all. Maybe real estate isn't for me?
	...

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