I own a whole bunch of rental properties, but i read the book Rich Mom, Poor Mom as well as it changed my life… The book shows you that in order to make money, you need to invest in assets.
I started buying stocks that unquestionably afternoon.
I have slowly replaced my rental portfolio, a big portion of the book is to consistently be working to obtain more assets that make you money. The author stresses using your time wisely. So therefore I shouldn’t be doing electrical, plumbing as well as Heating & A/C labor on my rental properties… My time is lavish as well as I don’t need to do that. It is super good hiring out for all the necessary services. I have gotten quite a nice team through trial as well as error. I have an electrician that accepts currency as well as gives me a deal on work. My Heating & A/C tech is a local guy that is a one man operation. The plumbing business I use is unquestionably professional. I get a modern guy every time however I know the tech is certified as well as licensed. The guy knows what he is doing. I have hired out drain line service, gas line repairs, water boiler removal, septic tank troubles as well as just basically piping troubles. The supplier is bendy in what they can do. What is doubly nice is that anytime I feel the need to renovate my home, I have a whole staff of qualified workers. When my fiance wanted to replace the bathroom, I just called the local plumbing to install the toilet, sink, shower drain as well as controls, however he got me all set up for the handyman to take over.