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10 Rental Exit Strategies (Most Landlords Forget #1 at Purchase)
Manage episode 498474631 series 3612499
In this episode of My First Keys, Garret Wong breaks down why your exit strategy needs to start before you even buy the rental property. From holding periods to renovations, resale timing to buyer psychology—Garret walks through 10 essential tactics to future-proof your ROI and avoid the painful mistakes most landlords make. Whether you're planning a flip, legacy hold, or long-term refinance, this episode shows you how to reverse engineer success.
Timestamps:
[00:00:00] Introduction
Garret sets the tone with a bold truth: "Hope is not a strategy." Learn why having a clear exit plan is the cornerstone of any smart rental investment.
[00:01:30] Topic 1: The Hidden Power of Planning the Exit First
Garret shares personal stories comparing a successful resale vs. a sluggish one—and how the difference came down to decisions made years earlier.
[00:04:20] Topic 2: 10 Exit Strategies to Build Into Your Rental Today
A deep dive into 10 actionable strategies, including setting your holding timeline, tailoring renovations, identifying buyer profiles, understanding market timing, and leveraging refinance vs. resale.
[00:15:41] Key Takeaways: Reverse Engineering Wealth
Garret wraps with a powerful reminder: your exit isn’t an afterthought—it’s the framework for every decision you make as a landlord. Plan early, position smart, and get resale-ready now.
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About Garret Wong
Garret Wong is the founder of the My First Keys podcast, the Rent It Yourself Community and a seasoned property manager with nearly 30 years of experience. Originally a research scientist specializing in molecular biology, Garret transitioned into property investment, where he has grown a personal portfolio of 43 buildings and 75 doors into a property management company that has managed over 1 billion in assets, with a 98.5% success rate in legal proceedings and a 98.6% rent collection ratio.
Known for his practical approach and strategic insights, Garret has developed an extensive SOP library to manage everything from tenant selection to maintenance, helping landlords and property managers build a reliable, resilient system.
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