I wasn’t expecting to inherit a dime when my Grandfatherrents passed away, but I couldn’t dismiss the announcement as fantasy after a copy of their will was procured for me.
Clear as afternoon they outlined their intentions for their estate and how they wanted their remaining assets dispersed after their demise. I right away started thinking of ways that I could invest the money, but I didn’t want to get swept up in a ponzi rue in the crypto currency world savor so several of my friends. Going the safer route, I put a tiny amount of money into a stable crypto coin and then used a great portion of the money to invest in the real estate market. For whatever reason, I convinced myself that I could make a lot of money by purchasing a few properties and then renting them out to tenants. I have handyman experience and suppose that I can repair anything from plumbing to Heating and A/C, but I didn’t realize how destructive some tenants can be with your properties. You need to have annual property inspections so you suppose the condition of your property on a yearly basis, catching any concerns in the process. If my tenant fails their annual property inspection, I have the choice to void their lease and they’re given a window of time to find a new home. Otherwise they have to forfeit their security deposit and produce another 1 while I call my handyman maintenance to repair the concerns in the property caused by the tenant. Some people who labor in real estate opt out of doing these property inspections, but they give me an extra layer of insurance in some regards.