If You're Not Growing, You're Dying

[Anthony Wick]

I'm not sure the title is what I was looking for, but it gets the point across. 

Growth isn't just about buying more units, but changing with the times, and being open minded. 

I have two units for rent right now (the entire duplex). I like to have my leases end in the summer, but I just bought this duplex. I know, I know. Many will argue month to month is the only way to go. Well, I'll tell you those people are not trying to rent multiple units in the middle of a cold December in the midwest. 

So I get a call tonight, and the person asks if I'd be willing to go 2-3 months, as they are relocating and are looking for a house to buy. First, that probably means they are financially secure since they want to buy and not rent long term. Second, did I mention I have two units available and it's December? It's actually only been 3 days since I bought the unit, but I know listening is free of charge. 

I have never done less than a 1 year lease. But I need to realize that times they are a changing. People are more mobile now, and a good business person listens to opportunities. A March rental might be better than a December rental. Not sure, but if I was so stringent to believe my rules should never change, then I don't think I will last very long. 

Anyway, if he decides he wants to rent my duplex, I'm going to go ahead and rent it out. 2 months. 3 months. 6 months (maybe they don't find that perfect house). So, my side hustle of real estate is growing, and maybe, just maybe, so is my train of thought.