Intro Post
After decades of paying Fed and high state taxes, I discovered REI and the STR strategy and have resolved to accelerate our long-term wealth for our children and future grandbabies. I felt like the "lost decades" are not coming back so we need TURBO mode.
Where am I on my REI journey?
My wife and I had no prior REI background. We have been learning about REI but chanced on a mentorship program for full time job holders that gave us the courage to jump in with our first STR acquisition within 3 months of completing the program in 2024. Now we are at 3 self-managing and looking for more as we are months from being empty nesters with 2 kids in college.
What is my #1 challenge at this current point in time?
I think I have bookkeeping handled but the discipline to keep at it every month is something I am struggling with. But my #1 challenge is touching all parts of our STR business regularly so that nothing gets neglected. Tax pre-prep gets neglected as deadlines feel far way until they smack you in the face.
At this time Hours tracking to comply with STR strategy requirements is the one I struggle with most. What is the easiest tool you found? I have strugged with spreadsheets, REPS Tracker, and other thing.
Im so excited to be here and learn from everyone's wisdom.
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2 comments
Srini Sri
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Intro Post
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