Increased Rental Property Profit Allows You to Take Yourself on Vacation. Camden, NJTake yourself on vacation using your increased rental property income. I was driving home in 11-degree temperatures from a meeting with one of our rental property owners. He was telling me about his upcoming vacation to warm and sunny Mexico. While some of you reading this are in warmer climes, most of us have been hit by an bizarrely cold winter and our minds go on holiday more often than our bodies! We all could use a holiday to break up the winter months.
Our student pointed out that he skimmed a little off his rental income every month to add to his vacation fund. Not a terrible idea I thought as I watched the snow blowing along the side of the road. In most rental situations, the property owner does not have anything at the end of the month to skim. What I heard our student owner say was “Before I worked with your program my gross rents were barely getting the expenses paid; now it does that twice over and leaves me a little play money.”
Oh, the joys of having a little play money – practically unheard of in this economy. Not everyone would take this approach with the additional income they produce from their rental properties. I understand. Some would even think it bad business not to put the entire added profits back into their investment, but then again . . . live once and enjoy it!
There is so much room in the deal after transforming your rental property with our unique approach that considering taking a little every month and padding your vacation fund may not be such an reckless idea. How many rentals do you have right now that would help pay your flight to Mexico or Hawaii this winter?
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