Trial Run as FT landlord
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Trial Run as FT landlord (by Jason [MI]) May 24, 2023 5:43 PM
       Trial Run as FT landlord (by Richard [MI]) May 24, 2023 5:55 PM
       Trial Run as FT landlord (by Dodge [PA]) May 24, 2023 6:21 PM
       Trial Run as FT landlord (by Dave [MO]) May 24, 2023 6:50 PM
       Trial Run as FT landlord (by RB [TN]) May 24, 2023 7:17 PM
       Trial Run as FT landlord (by DJ [VA]) May 24, 2023 7:34 PM
       Trial Run as FT landlord (by 6x6 [TN]) May 24, 2023 7:38 PM
       Trial Run as FT landlord (by Robert,OntarioCanada [ON]) May 24, 2023 8:16 PM
       Trial Run as FT landlord (by Jason [MI]) May 24, 2023 9:53 PM
       Trial Run as FT landlord (by BRAD 20,000 [IN]) May 25, 2023 12:29 AM
       Trial Run as FT landlord (by BRAD 20,000 [IN]) May 25, 2023 12:29 AM
       Trial Run as FT landlord (by Johnny B. [MA]) May 25, 2023 1:42 AM
       Trial Run as FT landlord (by george [IL]) May 25, 2023 5:20 AM
       Trial Run as FT landlord (by kevin [FL]) May 25, 2023 8:02 AM
       Trial Run as FT landlord (by J [IN]) May 25, 2023 8:16 AM
       Trial Run as FT landlord (by zero [IN]) May 25, 2023 8:41 AM
       Trial Run as FT landlord (by S i d [MO]) May 25, 2023 9:43 AM
       Trial Run as FT landlord (by Jim [OH]) May 25, 2023 11:14 AM
       Trial Run as FT landlord (by Doogie [KS]) May 25, 2023 12:37 PM
       Trial Run as FT landlord (by Jason [MI]) May 25, 2023 5:25 PM
       Trial Run as FT landlord (by Ned [AL]) May 27, 2023 12:01 AM
       Trial Run as FT landlord (by Oreo [WI]) May 27, 2023 12:47 AM
       Trial Run as FT landlord (by MC [PA]) May 27, 2023 7:12 AM

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Trial Run as FT landlord (by Jason [MI]) Posted on: May 24, 2023 5:43 PM
Message:

Well. Today is my last day working a day job (tor 3 months atleastl) Been preparing for being full time landlord for over a year now. Will see how next 3 months go, but I am nervous an excited at same time. I can't imagine wanting to go back, but I like the option. Been at same job for over 20 years an had enuff. I think I have all my ducks in a row. Will see what happens. I an 46... married an 2 kids.. Tuesday is my first official day since taking vacation Thursday an Friday.. an Monday being holiday --107.122.xxx.xx




Trial Run as FT landlord (by Richard [MI]) Posted on: May 24, 2023 5:55 PM
Message:

Congratulations.

When, not if, you have questions, this is a good place for answers. --97.85.x.xx




Trial Run as FT landlord (by Dodge [PA]) Posted on: May 24, 2023 6:21 PM
Message:

Congrats! Please keep us updated on how it goes. --174.198.xxx.xx




Trial Run as FT landlord (by Dave [MO]) Posted on: May 24, 2023 6:50 PM
Message:

Welcome and congratulations to becoming a FT .

--199.200.xx.xxx




Trial Run as FT landlord (by RB [TN]) Posted on: May 24, 2023 7:17 PM
Message:

My first FT day was after I was fired. Didn't see it coming.

Best decision the Majority Shareholder and his cronies

ever made.

--24.183.xxx.xxx




Trial Run as FT landlord (by DJ [VA]) Posted on: May 24, 2023 7:34 PM
Message:

Congratulations!

If you are like me, you will LOVE not having to "request" time off & wait to see if someone "above" you will approve it.

I suggest you sleep in and do "nothing for about 2 days, then get busy with the rentals & continuing education, etc. --68.229.xxx.xxx




Trial Run as FT landlord (by 6x6 [TN]) Posted on: May 24, 2023 7:38 PM
Message:

Congratulations on your new journey. Don't get so busy that you don't enjoy the ride.

What did you do at your day job? --73.190.xxx.xxx




Trial Run as FT landlord (by Robert,OntarioCanada [ON]) Posted on: May 24, 2023 8:16 PM
Message:

If very handy then a lot of plumbing, minor electrical, repairs can be done in house instead of contracting out. Found by shopping a few different Habitat for Humanity restores where could buy things for lot less then then big box stores. Found when was a full time LL was able to cut expenses along with focus 100 per cent on rental properties. If want more information on a project then view some videos on You Tube. --74.220.xxx.xxx




Trial Run as FT landlord (by Jason [MI]) Posted on: May 24, 2023 9:53 PM
Message:

My day job for 20+ plus years was working for Dept of Human Seevices --107.122.xxx.xx




Trial Run as FT landlord (by BRAD 20,000 [IN]) Posted on: May 25, 2023 12:29 AM
Message:

Jason,

CONGRATS! And Welcome to THE CLUB!

You will know the sweet feel of FREEDOM!!! That is impossible to describe. Words do not do it justice.

I hope to see you at Convention where we can toast to your success!

(And yell FREEDOM!!!)

BRAD --73.103.xxx.xxx




Trial Run as FT landlord (by BRAD 20,000 [IN]) Posted on: May 25, 2023 12:29 AM
Message:

Jason,

CONGRATS! And Welcome to THE CLUB!

You will know the sweet feel of FREEDOM!!! That is impossible to describe. Words do not do it justice.

I hope to see you at Convention where we can toast to your success!

(And yell FREEDOM!!!)

BRAD --73.103.xxx.xxx




Trial Run as FT landlord (by Johnny B. [MA]) Posted on: May 25, 2023 1:42 AM
Message:

Iím curious how itís a trail run? Are you taking a 3 month sabbatical with an option to go back after? What are you doing for health insurance? Did HHS offer a part time schedule if you wanted to stay on for less than 40 hours a week? --73.60.xx.xxx




Trial Run as FT landlord (by george [IL]) Posted on: May 25, 2023 5:20 AM
Message:

try to make some type of routine in your life so you stay focused and not get lazy --99.92.xx.xx




Trial Run as FT landlord (by kevin [FL]) Posted on: May 25, 2023 8:02 AM
Message:

Smart move, you will be happy. --94.140.xx.xx




Trial Run as FT landlord (by J [IN]) Posted on: May 25, 2023 8:16 AM
Message:

Jason[MI] Congratulations on this new adventure. I assume you will be at the MRLandlord convention. If not I strongly encourage you to take the time and money and attend. If you pay attention and have an open mind, what you learn will pay dividends in the first year if not the first week of getting back. And you will get to meet BRAD 20,000 [IN], that alone makes it worth the drive! --207.113.xxx.xxx




Trial Run as FT landlord (by zero [IN]) Posted on: May 25, 2023 8:41 AM
Message:

I made the jump in 2012. Place I worked for shut the doors. I had the option to move to a different area and chose to do my own thing instead.

Fortunately the spouse got a new position and had insurance.

I could never go back. Might have considered it the first month, but not for long.

Congrats on the new life you are starting! --107.147.xx.xxx




Trial Run as FT landlord (by S i d [MO]) Posted on: May 25, 2023 9:43 AM
Message:

Cool news, congrats! I know many of here would like to hear a more detailed run down of how you got to where you are. As much as you're willing to share. Things like insurance coverage, how many months of reserves you're keeping back, whether you replaced just your full income or added X% above to cover employer "perks", etc.

--184.4.xx.xxx




Trial Run as FT landlord (by Jim [OH]) Posted on: May 25, 2023 11:14 AM
Message:

Time will be the judge of your ability to deal with the issues of dealing with the rental business. Give yourself that time. If it doesn't work out, you can always sell.

Welcome to the land of those who own their own lives. --184.57.xxx.xx




Trial Run as FT landlord (by Doogie [KS]) Posted on: May 25, 2023 12:37 PM
Message:

Congrats!

I got forced into full time after a company layoff. I was already planning on it, so I was probably the only one walking out with a smile on my face. It was awesome! Haven't looked back since. I hope your trial run works out the same! --70.179.xxx.xxx




Trial Run as FT landlord (by Jason [MI]) Posted on: May 25, 2023 5:25 PM
Message:

1. Insurance.. i am still getting Insurance for now at my job for now. But have talked to Insurance agent an will be about 1300 a month with out any Obama money....but I can always get my agi lower by buying a fixer upper.. repairs.. HSA.. I have been setting aside 2k a month for insurance (I have 2k a month going from my rental account into a sp 500 index fun to represent Insurance cost)

2. Reserves.. My credit union pays 5.25% on checking up to 7500. So I always keep that around there. I have a lot in loc if I need it an have a lot of positive cash flow annlow bills.

3. Work income for over a year has been going into maxing out my 401k an 457 along with roth ira. Balance gets thrown into fidelity as my emergency funds. I have been living off rentals since Jan 1 of 2022.. I make probably 4 times in rental income than I do at job. I stayed for then insurance.

--107.122.xxx.xx




Trial Run as FT landlord (by Ned [AL]) Posted on: May 27, 2023 12:01 AM
Message:

I run a day business. Decent income. Rental income is starting to be as much as day biz, though.

Have a tough time making time to manage rentals properly...cuz I have to put the day biz first.

Hmmm. Quitting the day biz=more time looking for good deals, handling the little piddly stuff that is hard to get handy guy for, and more time to manage the handy guys= more rental $.

Hmmm. --74.132.x.xx




Trial Run as FT landlord (by Oreo [WI]) Posted on: May 27, 2023 12:47 AM
Message:

I got into FT LL when I was fired. Saw it coming and was preparing to sue the company. Sued and won...bought second property with my winnings. Took a day job that let me manage my properties from their office along with answering their phones. My tenants could come in to do business in the shared office arrangement which worked out well not having them come to my home.

JASON, remember, many on MR LL have seen what you will see as you get into your FT LLing, so ask away. Need to fix something you've not done before? As my husband has been finding out, there's always youtube dot com videos to the rescue. Even I've fixed a furnace after watching a few videos. --75.11.xx.xx




Trial Run as FT landlord (by MC [PA]) Posted on: May 27, 2023 7:12 AM
Message:

I stay at my FT for benefits. I have enough time off where I just take it when I want. SO left paycheck work about 15 years ago and never looked back. Me? I would need to have some sort of schedule as we are leaving LLing. There are many things that need done at home and I could always work for my kids.. --73.230.xxx.xx



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