Moving forward in times of uncertainty is not something I’m exactly comfortable with. But the alternative is not exactly something I’m comfortable with either.
Go Figure.
I’ve been thinking a lot about next steps. What do I want? Where do I want to go? How do I save money? What will life look like next month, in six months, next year?
Down Sizing
Its time to down size. I’ve been thinking about what I need verses what I want – or thought I wanted. That’s the funny thing about life – it changes and when it changes you change along with it. At least I do.
I’ve been blessed with the opportunity to have a beautiful bungalow that sits on Galveston Island. Its not very big but it has BIG potential. Weighing pros and cons about renting it out, I finally landed on turning it over to a property manager to rent out. I’ve never done anything like this before. But here I go, moving forward. The rental income will help in this time of uncertainty, covering the mortgage.
Long term rental doesn’t look like it will work since its fully furnished. Chatting with a realtor he suggested short term vacation rental may have better opportunity. Taking his recommendation, I set up an appointment with a vacation rental property manager who seemed to think it would be a good rental.
The Bungalow
I’ve spent the last few days reviewing what things are in the bungalow, ordering items I don’t have, and looking over the agreement and forms the agency emailed me. I’m in a good space for most of it. The only bit I need to look into is rental insurance. To be honest, I hadn’t given it a thought until I read it in the property agreement form. Tomorrow I’ll make calls and see how much that will set me back.
Change Ahead
What changes are you looking at? Or are you looking? With covid-19, job losses, rising food prices and markets swinging my search for security is driving me to tighten my belt on expenses. And that’s pretty ok in my book.
Working from home is allowing me to rethink my perspective on lots of things. Renting the bungalow is just the first step. Stay tuned to how it unfolds over the next few weeks. I have a feeling that I’ll be changing things up quite a bit. Its time to move forward.
Sending you love and happiness.