Jack Selby

One episode.

A year of the iced coffee hour would surpass the rental income.

Yeah.

But then there's going to be that cliff of like year three where maybe it's like, well, maybe this is good enough.

But year four comes around.

You got to replace that roof.

All of a sudden the AC goes out.

Tenant moves out.

And then it's like, well, then you lose the 250 capital.

Do you think today's prices are more about land scarcity or just bad government policy?

What do you think is a public policy that people think is compassionate but actually backfired?

Yeah, it's one of the policies.

That was the reason why I kept one of my properties completely empty because I knew once I rented it out, I wouldn't be able to ever sell it with a tenant in there.

Yeah, there's even a triplex that I have and I've kept one of the units empty for...

Seven months, another unit empty for five months just because it doesn't make sense to rent it out.

And if I didn't have the rent control and I just had the freedom to say, hey, listen, you could live in here for a year.

I'll give you a great price because otherwise it would be empty.

But after a year, I want to sell it.

So I'll give you a 60 days notice.

You can live there for a year.