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Sean Pyles

๐Ÿ‘ค Speaker
10039 total appearances

Appearances Over Time

Podcast Appearances

NerdWallet's Smart Money Podcast
What Warflation Costs You and Whether a Short-Term Rental Beats Investing Your Home Sale Proceeds

So they'd have to be really clear on how much money they have coming in, again, beefing up their savings, hopefully, and just being confident that they do have enough liquidity on an ongoing basis.

NerdWallet's Smart Money Podcast
What Warflation Costs You and Whether a Short-Term Rental Beats Investing Your Home Sale Proceeds

to cover all the myriad expenses from the rental property they'd be living in and a chalet states away from where they are.

NerdWallet's Smart Money Podcast
What Warflation Costs You and Whether a Short-Term Rental Beats Investing Your Home Sale Proceeds

Another thing I'm thinking about is whether real estate is a good investment for Becca and their partner right now is going to come down to a lot of personal factors, like what their lifestyle is like and whether they have sufficient cash and access to capital to cover these building costs.

NerdWallet's Smart Money Podcast
What Warflation Costs You and Whether a Short-Term Rental Beats Investing Your Home Sale Proceeds

And I assume some semi-frequent trips from Texas to Utah.

NerdWallet's Smart Money Podcast
What Warflation Costs You and Whether a Short-Term Rental Beats Investing Your Home Sale Proceeds

Lisa, can you speak to the lifestyle and time commitments of managing rental properties?

NerdWallet's Smart Money Podcast
What Warflation Costs You and Whether a Short-Term Rental Beats Investing Your Home Sale Proceeds

Yeah.

NerdWallet's Smart Money Podcast
What Warflation Costs You and Whether a Short-Term Rental Beats Investing Your Home Sale Proceeds

Even though you could have possibly written off some of those trips, correct?

NerdWallet's Smart Money Podcast
What Warflation Costs You and Whether a Short-Term Rental Beats Investing Your Home Sale Proceeds

That is true.

NerdWallet's Smart Money Podcast
What Warflation Costs You and Whether a Short-Term Rental Beats Investing Your Home Sale Proceeds

That is true.

NerdWallet's Smart Money Podcast
What Warflation Costs You and Whether a Short-Term Rental Beats Investing Your Home Sale Proceeds

Yeah.

NerdWallet's Smart Money Podcast
What Warflation Costs You and Whether a Short-Term Rental Beats Investing Your Home Sale Proceeds

So with this first situation, do you think it was really more the lifestyle choice that won out over the dollars and cents opportunity that you just didn't want to fuss with having to manage a property and you said the money just isn't worth it?

NerdWallet's Smart Money Podcast
What Warflation Costs You and Whether a Short-Term Rental Beats Investing Your Home Sale Proceeds

Yeah.

NerdWallet's Smart Money Podcast
What Warflation Costs You and Whether a Short-Term Rental Beats Investing Your Home Sale Proceeds

And you want to go hang out with your son.

NerdWallet's Smart Money Podcast
What Warflation Costs You and Whether a Short-Term Rental Beats Investing Your Home Sale Proceeds

You don't want to be worried about managing some property that's far, far away from where you're living or wherever you are.

NerdWallet's Smart Money Podcast
What Warflation Costs You and Whether a Short-Term Rental Beats Investing Your Home Sale Proceeds

I live about three hours from my rental property and I've been renting it out for just about a year now.

NerdWallet's Smart Money Podcast
What Warflation Costs You and Whether a Short-Term Rental Beats Investing Your Home Sale Proceeds

And I still dread that inevitable call that I know is coming, which is why I continue to just sock away a decent amount of money each month just to cover whatever is going to happen to my house.

NerdWallet's Smart Money Podcast
What Warflation Costs You and Whether a Short-Term Rental Beats Investing Your Home Sale Proceeds

No.

NerdWallet's Smart Money Podcast
What Warflation Costs You and Whether a Short-Term Rental Beats Investing Your Home Sale Proceeds

Yeah.

NerdWallet's Smart Money Podcast
What Warflation Costs You and Whether a Short-Term Rental Beats Investing Your Home Sale Proceeds

Hearing that description, it sounds like the short-term rental aspect is kind of a drag on your lifestyle because of

NerdWallet's Smart Money Podcast
What Warflation Costs You and Whether a Short-Term Rental Beats Investing Your Home Sale Proceeds

just the various pains around like marketing restrictions and fixing glasses and buying random things for the house.