People seem obsessed about generating passive income. I spent last night talking with a friend that wants to buy another rental property so he can have income in 15 years when the house is paid off. I’m all about delayed gratification, but that sure does seem a gamble. As I look for a house to buy for myself, I see how many homes have “deferred maintenance” that are selling dirt cheap. As I research these homes, I realize most of these have been rental properties.
I see landlords that didn’t spend a dime on any upkeep whatsoever, allowing their tenants to live in homes falling apart. Why replace the windows at a cost to the landlord, when the tenant can increase their cost by turning up the heat? I’m not so sure I could be that type of landlord.
I don’t seem to have much to say about anything lately. Work is getting very busy and I am very tired.
I stood in line for over an hour last night at the local Department of Motor Vehicles to renew my drivers license. Easy Breazy, just like that, I had a new license. With a fat picture. Seriously…. Not phat, but fat.