Increased Rental Property Profit Allows You to Take Yourself on Vacation. Washington, DC
Take yourself on vacation using your increased rental property income. I was driving home in 11-degree temperatures from a meeting with one of our students. 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 thoughts turn to holiday more often than our bodies! We all could use a vacation to break up the winter months.Our student mentioned that he trimed 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 rental property 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 – virtually unheard of in this economy. Not everyone would take this approach with the increased income they generate 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 converting your rental property with our unique approach that considering taking a little every month and padding your vacation fund may not be such an imprudent idea. How many rentals do you have currently that would help pay your flight to Mexico or Hawaii this winter?
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