I lost my job at Meta but I own 3 properties. Not sure what to do next

[Nicholas Chan]

Hi everybody,

My name is Nick, I am recently impacted by the mass tech laid-off. I am in my early 30s and I own 2 properties in Seattle and 1 in California (a townhome, an apartment, and a single-family in CA). I have used the condo and the single-family home for STR but only the condo is bringing in cash flow which offset the losses from the single-family home. I am currently jobless, still looking for a gig but it's been challenging because I work in the recruiting industry (not a good time for recruiting). Luckily I have a small side business that brings in about 4k/month, all of my properties are covering the mortgage and I have enough money saved up to sustain for another year or two, I am still hoping to continue my RE journey but am usure what my next move should be. Hope I could get some advice and learn from everyone here :)

Nick

[Sherief Elbassuoni]

@Nicholas Chan, sorry to hear about the layoff. 

I would try to switch all your rentals to Airbnbs if they have the potential.

Airbnb typically gets more cash flow compared to one year lease.

I would also try to invest more time on your side hussle. It was generating you $4K when your were full time at Meta. If you allocated more time, you may be able to generate more income out of it!