Earning a decent living is no more challenging than 30 years ago. The difference between now and then is that years ago there were not as many expectations. If you went to college you were happy getting a job in your targeted profession. Others who were not fortunate to get work in their chosen major were happy to get work. Many business majors were happy to start work in any job that offered a steady paycheck. For those who did not get something steady they have to continue hustling and remain hungry for new opportunities. This is the opportunity that is presented to all of us again, a chance to hit the reset button. As a country we have the opportunity to come together. Family bonds can be forged and strengthened. We may discover again that it is more advantageous to be part of a group than going it alone.
There is a rule of investing uttered by some guru like Warren Buffet. The formula to become rich is to think everyday necessity and allow yourself 20+ plus years. This is for those of us without the special talents of a Steve Jobs or a Bill Gates. We can still be successful if we think practically and create groups that work diligently together. We need to look at the present economic scenario. Every time we turn on the news there is talk about foreclosures and housing declines. Many of these are second homes in desirable regions. With all these empty homes there is a need for someone to manage them. Many people trying to hold on to second homes are in dire need of a responsible service that will manage their properties for an affordable amount. Affordable become negotiable. As an owner of a second home you are looking for someone who will look after their interest and relieve some of the financial stress. There is an opportunity for hands on property management for those willing to use their head and their hands. You do not need a 100 homes only 10 if they create sufficient income. If you had 10 homes that generated $500,000 in revenue and you netted 25%. That is $125,000 a year. The first thing needed is a system or discover an existing system that helps market rentals to the general public. The best system would maximize exposure, help organize reservations and be low cost. Delivering renting clients is key and then managing the rental process. This involves getting familiar with internet marketing and vacation rental directories. A free directory with reservation calendar capability is www.bobzio.com . They can also help set up your google adwords account. They have the added bonus of being able to upload video and photo albums into your property listing.
After the marketing aspect, owners are looking for someone that is dependable and will do quality work. They want someone who will clean the home satisfactorily between renters and keep up the maintenance of their homes as if they would. So provide an occasional phone call or text to let the owners know everything is OK with their property. They will appreciate these small things.