Like many of you, I’ve been on this passive/semi-passive income building journey for quite a while now. I love the blogosphere because most of us like to write, and we’re all looking to see if we can develop a fun side or main income stream to buttress our financial situation.
In my latest passive income report, I finally realized that I’ve been seriously neglecting one key financial asset: my Lake Tahoe vacation property! It’s weird, because for the previous two passive income reports, I thought I was doing everything possible to boost my passive income.
I occasionally advertised the vacation property on Craigslist to supplement the existing efforts of the hotel property management company. But I stopped after about several months because it became tedious.
Then I fired the hotel property management company after six years and went with a new property management company that charged half the commission. The risk was that since they are an outside property management company, volume would decrease. But they guaranteed me a minimal amount of income to switch, so I wasn’t too worried unless they welched on their promise. I decided not to help them market my property due to the guarantee and due to my desire to focus on my consulting and online business.
Now that the annual guarantee income period is over, it’s best to help them, help me beyond just advertising on Craigslist and e-mailing my friends. I could write an in-depth post full of pictures about The Resort At Squaw Creek to rank for the terms “lake tahoe vacation property rental, Squaw Valley, Lake Tahoe, Resort At Squaw Creek” and link back to my property management company! If that post could sit on the front page of a Google search for years, then voila! An extra $500 – $1,500 a month in income could very easily be generated
So that is exactly what I did. I finally wrote a 1,550 word post about the best vacation property rental in Lake Tahoe on November 7, 2014. But what I should have done was write that post five years earlier when I first started Financial Samurai! Doh. Read More