Sean Pyles
๐ค SpeakerAppearances Over Time
Podcast Appearances
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.
to cover all the myriad expenses from the rental property they'd be living in and a chalet states away from where they are.
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.
And I assume some semi-frequent trips from Texas to Utah.
Lisa, can you speak to the lifestyle and time commitments of managing rental properties?
Yeah.
Even though you could have possibly written off some of those trips, correct?
That is true.
That is true.
Yeah.
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?
Yeah.
And you want to go hang out with your son.
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.
I live about three hours from my rental property and I've been renting it out for just about a year now.
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.
No.
Yeah.
Hearing that description, it sounds like the short-term rental aspect is kind of a drag on your lifestyle because of
just the various pains around like marketing restrictions and fixing glasses and buying random things for the house.