Author: Doctor in Denim

Paying Off Our First Rental Property

Paying Off Our First Rental Property

How We Got Here

We’ve always had real estate as part of our retirement plan. It’s a constantly-evolving vision, as most long-term plans are. The property we just paid off is in the Chicago area and was purchased by my husband in the mid-2000’s on a 30-year mortgage.

We met in early 2010, and a year later we had decided to get married and move across the country for school. Selling the property at that time would have made zero financial sense, with the housing market still in its Great Recession death spiral. We signed on with a rental management company, packed our cars for the West Coast, and became long-distance landlords.

Read More Read More

How Outdoor Adventuring Prepared Us for a Quarantine

How Outdoor Adventuring Prepared Us for a Quarantine

Unless you’ve been living under a rock, you’re aware that much of the world has recently been under various degrees of stay-at-home orders, lock-downs, and quarantines.

The major disruption in our area has lasted about 6-8 weeks (so far). While this is far from ideal and not nearly as fun as being on a 6-week-long outdoor adventure, I’m pleased to report that our many years of backpacking, trail running, skiing, etc. in the great outdoors has left us better prepared for this than one might expect.

Here’s why:

Read More Read More

Our Costs for Furnishing a 5-Bedroom House

Our Costs for Furnishing a 5-Bedroom House

You’re here for the numbers, so we’ll dive right in.

This is for a 5-bedroom, 3 bath home that has a “main house” and a “casita”. Total square footage is just shy of 3,000. The property essentially has 2 full kitchens (the only thing that makes the “kitchenette” not a real kitchen is it has no oven – everything else is the same as what you’d find in a full-size size, fully stocked kitchen). There are two laundry rooms as well as two living rooms; we put large entertainment centers and 65-inch smart TVs in both.

I’ve noted brands/suppliers when I can remember them. All costs are rounded up.

Furniture (Designs West): $8,805

Read More Read More

Furnishing a Vacation Rental Without Losing Your Mind

Furnishing a Vacation Rental Without Losing Your Mind

The end of our Sedona Building Project is in sight! All the furniture is in. Kitchens are fully stocked. I’ve spent hours if not days washing towels and linens to get rid of that plastic-and-packaging smell. The wall art is en route, due to arrive in a few days.

And somehow, despite the dire predictions of what a giant building project would do to our sanity and our marriage, we’re still (mostly) having fun with it.

Read More Read More