Portfolio: Keep or Sell

[Arron Paulino]

How long do you typically wait for a rental property to sit on the market before considering selling it? I have a property that has been on the market for over three months now without receiving a qualified tenant and I may want to sell it to get some liquidity.

It has also been hard to receive monthly profit for myself since my property management has a portfolio minimum of $2k until they allow me to take home proceeds at the end of the month. I get charged 10% on property management per rented property, lawn maintenance and service utility on the properties not rented, and miscellaneous expenses on little things that pop up for maintaining the properties. I currently have 4/7 properties rented out and 3/7 still on the rental market. One of those 3 I may be a little more patient with while the other 2/3 I am considering just liquidating.

I appreciate the thoughts on this!