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Updated 5 days ago on . Most recent reply
Wyoming couple, single family home investing for retirement
Hello Community.
My partner and I have been in business with each other for over 13 years (longer than we've ben married). We built and owned a rock climbing gym for almost 10 of them. We now own and run a summer campground that has cabins (short term rentals). After the sale of our gym we decided to put that money to work. Initially investing in shares of other businesses, money markets, and now our first single family rental home.
He has the skill set to build a home from scratch, and be the macro view. I have the bookkeeping and organizational skills to be the micro side. We don't always agree on risk, and where to be less or more. Other than that we do well together keeping to our 'departments'.
I'm here to connect with anyone in Wyoming, especially women in this industry. I'm always interested in learning new ways to manage life efficiently, adding to my accounting knowledge, and protecting my financial future for the elders days ahead. Thanks for reading.
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#5 Medium-Term Rentals Contributor
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- Youngstown, OH
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#5 Medium-Term Rentals Contributor
- Investor
- Youngstown, OH
Quote from @Valarie Anderson:
I did look for meetups, but there aren't any. I am putting local feelers out for others in my area that own rental property. It would be neat to get us all connected somehow.
Since we own a separate business and rental homes, accounting knowledge in general, as well as REI now. I am comfortable with double entry, and even have a side gig as a bookkeeper for the local brewery. I've done our books for years, but I could step up my game with coding entries. Knowing a bit more accounting and tax hacks would probably clean my books up even more. We have an accountant, but since I took over the bookkeeping from his firm they only process our year end.
You can always start your own! I started one in January 2020, and it's still going strong. It was one of the best financial decisions I ever made. If the local brewery you bookkeep for has space, that's a perfect spot for a meetup.
To bolster your accounting knowledge, I recommend accountingcoach.com.