Why I Keep Empty Homes

[@fredyuldashev]

you have no idea how my future is being formed, simply by following your tips and suggestions.

[@lucybalyanify]

Me too

[@varrantgreen4259]

But do you even have any money?

[@KaiiAyrenNevaeh]

@@varrantgreen4259 Why the need to call me out? Let me indulge myself in fantasies for now.

[@thegeniusfool]

I can now see you with a notebook staring at his clips :-)

[@fredyuldashev]

@@thegeniusfool scandalous

[@OPM6906]

What he's saying is, don't be "penny-wise; pound foolish".

[@jalabi99]

I agree. The opportunity cost of not renting out your vacant home is surpassed by the freedom of knowing that no stranger has been grubbing through your stuff while you've been gone. Come in from the airport, hire a cleaning lady to clean the apartment, order takeout, and settle in. Sure beats having to clean up after your last AirBnB guest...

[@newmoonmillion]

So agree!!! One challenge is getting good and trusted help to clean the place before you get there.

[@buildandthrive8596]

You make really good points! People around us often tell us to rent out our home while we are away. I don’t want to deal with the hassle. My home is my home and helps me to perform better indeed!

[@MsMedeirosCristina]

"You are your best asset". There's always something good coming out in your videos.

[@nomadcapitalist]

Glad to hear it, Cristina!

[@cosmichealth3907]

Love your smile Cristina

[@johnflynn4923]

If you rent it out it's not a home, it's simply an asset.

[@MumbiYamba]

True

[@crazifyit]

No. The act of renting it doesn't make it an asset. What makes it an asset is actually ending the rental ahead. If you rent out a unit and the tenants destroy it, but you don't learn that until you move out AND you can't collect money from them to fix the damage, for whatever reason, your rental just went from asset to liability! A rental property is NOT automatically an asset and it can become a HORRIBLE expense REALLY quickly!

[@weightlossresultscoach7082]

Rich Dad would say it's ONLY an asset if you rent it out. It depends on personal circumstances and what you value. For some, renting will suit them and I suspect in the near future governments, especially in western Europe will insist you rent it, as it's a vote winner to bash multiple home ownership.

[@carlcamp4299]

I started my trifecta plan 25 years ago. Three houses in three different cities (two with in ground swimming pools and one with a large backyard with fruit trees. By far the smallest is in the US without a swimming pool and the most expensive to keep. Used as storage for all family members memorabilia and to stay when visiting relatives, friends, health checkups. Spend summers visiting with children and grandchildren. Travel Spring and Fall. My foreign residences include domestic service personnel full and part-time groundskeeper, pool maintenance and security. I prefer independent houses rather than apartments with possible noisy neighbors. But may move to an apartment as age advances and can not handle stairs. One in the frozen north, one in the tropical mountains one in the ocean side. Tropical weather year-round. Never travel with lots of clothes as each house has the appropiate clothes for the locations. Never rent out to strangers. As more nomads arrive to my location they drive to cost of living up. But renovation is inevitable. Greetings from paradise, even if not all is perfect, I re-evaluate every year and have not changed any. Enjoy your videos.

[@neilkasher]

Gone through this exact thing myself, I don't rent out my properties, I like them to stay how I like them so I can walk in and get to work, losing a few days income kills the upside of renting out for me, I prefer my privacy and my stuff just so.

[@petertoh355]

one question..if you have several properties not to bother rented out of not renting out.. when you are back to these properties to stay, would it be very tiring to clean it up just to stay in that property for say one week, month or so ..

[@as-1982]

@@petertoh355 There is nothing to clean up other than dusting. And you can hire a cleaner if you are a bit lazy.

[@AnjleeBhatt]

I absolutely love the OCD and paranoia in this vid. Lock up and leave is exactly how I want to be. The only problem right now is the anxiety of not being able to travel and the worry of leaving a property empty for too long.

[@globalbridges8570]

A house/apartment can be an asset (income producing) or Liability (cost) in most peoples eyes. Black or White. This is just another way of looking at space. All the ultra luxury homes have a very small core that is considered home. Chargers, shower, towels, underwear and loose fitting clothes. The rest of the building/property is for show. He's buying space to grow without limiting beliefs. I'll be joining him soon and hopefully will more people.

[@johnlin8454]

Agree 100%! Life isn’t just about getting a return on every property. It’s more about being happy and ready to relax & perform when you arrive, where it really counts!

[@collettecardou5160]

Yessss. Efficiency. Mental ease, simplicity, and comfort. I really like how you acknowledge how environment fosters (or hinders) your feeling state and productivity. Both the aesthetic style of the environment and also the cumulative impact of a lot of little annoyances/extra tasks. This is so big and you see it. I am presently trying to streamline and cut some of the time-sucks out of my life, even down to changing my hair style and length at the moment because time and energy conservation is so critical. Thanks again for another good one.

[@goldbrick2751]

You are my kinda guy Andrew, it takes time and life experience to grow to this level.

[@nomadcapitalist]

Thank you Gold for the comment, I hope you find it helpful.

[@otoattang2296]

Finally! i found someone who speaks my language. Money should brig comfort. I have like 5 chargers in my own home, just for me lol. Convenience is a major key!

[@DawnWilsonVideos]

With longer cords so I can use it while it’s charging without being in awkward positions! Haha

[@daveray5655]

Reasons summarized. 1) I'm famous 2) I design houses custom to me 3) It helps me be more productive 4) I don't want to feel I'm moving around too much even though I might be 5) property managers generally suck 6) I'm rich

[@dwlof]

Please can you do a video on how you manage your homes when you are not there? I think this is a fundamental point in putting in place the ideal Nomad strategy.

[@lynndurbin9476]

Security.

[@mistywaters4881]

I would like to see this, as well.

[@Pentelicus]

I would also love a follow up video on how you manage your properties when you're not there. For example, in some countries, squatters' rights can be a real concern if one leaves a house empty.

[@K-L-K]

“Invest in your happiness” I love that 💓 Too true and tends to get overlooked too often. 9:02

[@ben3364]

The key is having a good rental manager: charges no more than 10% of rental fee, emails you the ledger each month, and makes sure the renters don't know you exist. I've owned/rented homes for years and run the numbers many times. If int rate is below 5% you are best-off paying smallest upfront possible, longest mortgage term possible, and having renters buy the place for you. Again, IF you have good managers. A home sitting, unoccupied, for a few months per year is as much or more liable to damage or catastrophe as if occupied.

[@ryankane9208]

I tend to agree. Having good property management is key, and I think it's a waste of resources to NOT be renting them out when you're not there. Just use AirBnb and rent maybe for two weeks per month. That's probably enough to pay the mortgage. If you have a cleaning lady who comes in after they leave, then you aren't cleaning up after them.

[@richardalbertyn6718]

Andrew does not need to pay mortgage, he buys his property's cash.

[@casualhustler6328]

your missing the whole point. it's not about the money, it'a about peace of mind and productivity, your stuff is where it belongs, it works as it should, no one going through your stuff, nothing is missing, no funny smells or weird energy vibes left behind. It is well worth leaving the home empty - that peace of mind money can't buy.

[@ben3364]

@@casualhustler6328 I hear you. Its funny you write this now, as last night I arrived to my home in Spain. I left it unoccupied for the past year for the reasons you listed. After one year of no one there, a leak developed. Now my wife are sitting in this cafe, pondering how to move forward with the thousands in damage (black mold, plus some pretty freakin funny smells). Talk about zero peace of mind.

[@casualhustler6328]

​@@ben3364 Sorry to hear that, but why didn't you hire someone to check in on the house periodically? That I don't understand - especially you being in real estate (I am assuming from your earlier replies) would know to never leave property completely abandoned - always have someone check in one them. When most people go on an extended vacation, they have someone check in on their home. Again, very sorry to hear about the issues in your home. I do hope they can be resolved quickly.

[@MetalBum]

Interesting. I’m different type of real estate investor I have 80 units all occupied. I make $120k in rental income a month from. I guess each are different to each their own

[@oldschoolundertaker]

Gross or net? That's amazing. How did you start

[@MrSneakyCastro]

Yep I’m with Metal Bum there, Andrew you can keep your paranoia

[@CelineAdobea]

@Koolkid 🤣

[@Skiddla]

yeah rent that shit out. i guess if you have single properties spread out in different countries then maybe its more of a hassle to manage them then its worth, but in general its a bad idea to leave a house empty

[@PrideofIpplepen]

He doesn’t own 80 units to rent them out - he buys 3, 4 or however many to I’ve in, e]when he wants for as long as he wants in whatever order he wants. He isn’t looking to make money from them.

[@cr6129]

Thanks! To add a little more, I think some of the questions are wondering about keeping the property safe. Like do you only buy gated condo units? Do you befriend the neighbors and they ever give you updates? hire a security guard to sit in front 24/7 ? etc.

[@jarrithosking6294]

I agree 100% I think having your own home where ever you move to is great and having it set up to your needs an wants and not wanting it tampered with makes sense to me. It is the way you need and want it - totally cool!

[@jasonfraser5758]

Well put Andrew. Rental property is rental property & ur homes ur home. Best to seperate.

[@jasonfraser5758]

Isnt the wedding coming up soon?

[@lynndurbin9476]

Rentals you can use budget appliances. I let someone in my home when I worked out of state... worst thing ever: bugs, smokers, broken appliances, dog urinating on carpet, missing things. I have had rental houses with less problems. Keep your home sacred and have mind relief. You can lose more money than you stand to make.

[@paulrowe4502]

Could have done this video in about 30 seconds. "I don't like people in my space and don't care if I optimize my properties' use."

[@dbzwarlord]

Could have done it in 3 seconds. "I don't need the money."

[@DiandraStarShine]

omg, EXACTLY!! and that's basically what I expressed in the comment I just posted in the main thread for this video. and as much as I appreciate the *helpful* things I've learned from him [no doubt], this upload was *absurdly,* over-the-top-dragged-out. it was *too long* and the issue so 'over-explained' that it really was a total waste of time.😐 plus, a lot of people who own extra real estate, they just lock up their most personal files and other belongings in a secure location on property they don't use MOST of the time. and then take the small amount of time needed - whenever they ARE actually there - to 'set up shop' for when they ARE actually in that location. but to each their own - and he can afford it because he has that freedom. but it's just sad re: the *locals,* esp., when the price of real estate escalates to the point of it not being affordable...because so many people with money buy and hold real estate they rarely ever use themselves. and I honestly don't believe it's necessary to *gain* at the expense of the well being of the less fortunate. and that's what happens, what gentrification does - to individuals and families all over the world. and those who contribute to that so often *still* demand that those who *are* less fortunate 'pull themselves up by their own bootstraps.' but what bootstraps are we talking about exactly? esp., when things like that go on. even those who have paid taxes - yet cannot afford local housing + food and many other required expenses, they get demonized by many of the wealthy, whenever they need to actually *make use* of tax payer funded help programs. it's insane and an undeserved form of judgement against the poor and sliding-down the economic ladder middle class. and increasingly so, since the advent of COVID-19 and all the job losses and skyrocketing cost of living expenses that continue to accompany it. jobless claims in the USA alone have skyrocketed again, upwards of 725,000+ and THAT is a fact.

[@seoul2k11]

10 min is the monetization threshhold

[@peten409]

I call it the freedom tax.

[@anthonyp5196]

Just bought your book.. Appreciate your videos. Currently have my second passport (Ireland/EU) being processed with the local embassy.. Working on different streams of income.

[@nomadcapitalist]

Thanks for the support, Anthony.

[@CatLola1212]

Very powerful point. Makes me think more and more on how to live my life that makes me most happy, healthy, creative and ... Productive. Thank you 😉

[@KOSMOinfinite]

I have been exposed to situations where owning a rental complex abroad and keeping the master suite/penthouse unoccupied yourself. You get the benefits of cash flow production while still maintaining a private suite for yourself.

[@sicshop]

I get it totally. It's something to look forward to as I strive to "go where I'm treated best" in all areas. I understand.

[@alteredillusions100]

That makes a lot of sense and it’s Next level thinking

[@athomeinfl9598]

I just came across this Vlog and realized I live a very similar lifestyle to Andrew. I decided 10 years ago to begin buying properties in areas around the world that I enjoyed spending time. I always wanted to earn rental income on the properties while I was not living there, so yes that has been a bit of a headache managing my assistants and setting the reservations. Still, honestly, it gives me a lot of comfort knowing that while I do not need the money now, I am learning the skills necessary to be a good property manager, so I will be prepared and have experience if I ever need the income. As far as Andrews point, I would disagree that a property he will leave empty for 6-9 months will be all set and ready for him when he arrives. I have found that properties that are not used tend to breakdown more. I also like having property managers who can purchase any amenities I want when I come home. I'll have them fill the fridge, do a thorough cleaning, and have dedicated sets of linin for me. I also have them send in the upholstery cleaners to go over the mattresses, sofas, and carpets before coming home. Totally doable because I have learned the business. It's now just another skill set. Great videos and a ton of good content I plan on spending time watching. Thanks, Andrew.

[@nomadcapitalist]

Thank you for sharing your experience, and welcome.

[@davelawson2564]

you have valid points. you are smarter and more practical minded then the iphone charger bloke. LOL

[@goldenincometrading6927]

Love your style and attitude Andrew - Lets put on 2019 New Years Seminar...Tommy Vee

[@MarcDeMesel123]

To let also loses freedom to go anytime u feel like. I do let friends stay for free but need leave place in - better - state (so let them do some upgrade and maintenance work that needs be done), but indeed all items same spot! (that some need to learn over time)

[@RussellMKay]

One joy of this lifestyle is knowing you can and you don't have to worry about what mess or what was broken. Plus, most of these people have to have the tax credits just to afford to have a second home.

[@chrislanejones]

I am hyperfocused and I hate tasks like unzipping suitcases. I am a lot better if I am doing what I want to do (and good at) and not trivial tasks.

[@alfaeco15]

Totally agree. Why don't you rent your home? Because you can afford it. Or even better, because it is more effective for your profesional and personal life.

[@askmommy4282]

Comfort and simplicity(saves time and possible legal hassles).

[@TheBaroness]

Thank you Andrew for your inspired knowledge in answer to that question I had.

[@Kevin-et5zs]

I like being an Airbnb host, and renting a condo in a nice city and country with far more rooms than I need. I've met a lot of new friends from far away. It's not for everyone, and I wouldn't rent to just anyone, but I do recommend trying it if you're the sociable type. I understand after watching this why you just want your place empty...of course, you might be surprised, like that guy in Amsterdam who came home to 30 squatters...

[@casualhustler6328]

I laugh, but I soooo understand you! I am the same way. I agree, it does matter to your productivity - mental and time-wise. Drives me nuts! Don't want anyone in my house but me!!! ...sooo nice to come home to a nice and peaceful house that is just the way I left it. Have a great day!

[@etienlemut9712]

MY THOUGHTS EXACTLY !!!! We definitely are on the same wavelength !!!! Good video Andrew, very good.

[@transformativeexperiences]

Yes... Peace of mind is important! Andrew... If you ever get bored with what you do... Please start a dating platform for ppl like us... Who live around the globe, have several places they live throughout the year!

[@edwarddench5342]

I’d never rent them out as described, but I’d consider a home share with two or three peers that I know well & that have interest in a particular season. Nobody does this in practice, but it seems to expand destinations without the same gross factor, and without worrying about managers. It doesn’t scale, doesn’t need to, and requires some trust

[@christianjohnson4330]

What about security of your homes Andrew? Do you have cameras installed to make sure nothing happens while your away? Or how exactly does that work?

[@jalabi99]

If you're living in a high-end apartment building with a doorman, concierge, etc. security is a given.

[@petertoh355]

Just dont put too much valuables in the properties if you are a nomadic traveller.

[@1bigbillz]

Wow. You’ve changed my mind. Well put, sir

[@janesa5097]

from the first video to this one I watched them all. One a day and it is always great

[@christopherellis2663]

My brother retired in August and is already getting his two rental properties ready for sale. It is a headache that one doesn't need in retirement. Money in the bank or in stock doesn't require maintenance and repairs.

[@robertomanz6399]

live in manhattan , nyc in the posh east village and for all the reasons you mention i have never subletted ! i travel a lot abroad and would never have peace of mind having strangers in my home. very good points you make here and fully concur. a lady friend of mine did sublets and her stories were incredibly bad about what people did to her home in her long absences from her manhattan home, so right on andrew, all accurate points, R

[@ashsqx3246]

What about owning homes with two bedrooms where you can lock one up with your stuff inside when you leave and rent the rest of it out? Come back to your room as you left it.

[@davelawson2564]

@Andres Leon lol

[@krishnabellani]

Andrew, you should make a video on the compound interest of all the tax paid every year to REALLY show everyone the true impact of their taxes, over maybe 25 years, assuming a million dollars as the income per year.

[@gwillis01]

how do you prevent your empty properties from being vandalized and/or burglarized? How do you trust your property to be untouched by the far away locals?

[@rexthefrenchie8568]

that's right, in Singapore you should not rent out anyway, one apt 1.8m SGD +... rental only 2800SGD...make no sense to rent out... lol.. in china also no need to rent out ... empty house can make more money when you sell it .....

[@SpydieFan]

Couldn’t agree more, I’m always confused why someone would want to rent out their vacation home. The entire point of having a vacation home is that it’s yours. If you don’t care about that, just stay at a hotel or rent a house on Virbo or AirBnB. If you want an investment property than do that, why mix them together.

[@nomadcapitalist]

Good point; people often conflate two goals.

[@thegeniusfool]

For those in this thread focusing primarily, or at least secondarily, on rental buildings: this is just a convenience structure for his primary businesses. I am sure that if he knew he could get $100k+ per month in profit, he'd rent them out. But with a handful or so of units, and maybe $12-15k, and my guesstimate of his monthly profit of some $190k, it's definitely not worth it.

[@cf9240]

Hi, I've been enjoying your videos, super fun and informative. Question: How do you set up accounting for multiple properties internationally, and/or in the Us as well? A company that baskets all of them, as in an LLC? How about banking, if you are moving all around, do you 'nomadically' operate your properties consolidated in only one place? Thanks.

[@kelper205]

The biggest practical problem is that you cannot trow people out with short notice when you need to use the place yourself as well

[@btfdx]

Problem is your place will be dirty when you arrive from the airport. You’d have to clean up the place in your jetlagged state before you can rest. Or do you permanently leave a set of keys with someone that can clean up the place before you arrive ?

[@waza987]

What about simple flexibility. It seems to me one of the great benefits of having empty homes in different places is if something changes you can change your plans and go to one of the other places at the drop of a hat. Not something you can do if your property in that place is rented out.

[@nomadcapitalist]

True.

[@Anthony-pn4rr]

Thanks. BTW how do you manage burst pipes and other risks when a house is vacant?

[@wozzco8111]

Setup your homes smart with secure remote cameras and systems that monitor things. And in those unforeseen situations like burst pipes, have insurance 😉

[@Anthony-pn4rr]

Nice, thanks👍😉

[@maimkim]

Wow, good question and answer. Thanks guys.

[@rayfinkle9369]

Engineering will show up the moment a neighbor complains about a leak from somewhere. They'll contact the owner and get permission to go in. It has to be fixed and they will access the condo if you don't open it for them.

[@ericeverson5956]

This was another great video.

[@ticktock2383]

Truer words were never spoken . . .

[@katiekelley3984]

I agree, it isn't home if others live in it when you aren't there, might as well stay in a nice hotel.

[@ratikal45]

What about utilities ( Light and water) ?? How do you keep the lights on if the homeowner is hardly ever there??..

[@Volteran]

I enjoy listening to intelligent people.

[@enjoystraveling]

I know this is a relatively old video, Andrew, but at one time I rented my parents house since they somewhat died young and the people who rented it had a divorce and they left without paying last month rent, not so big of a deal because they didn’t destroy the house, but that meant I had to scramble to find someone else to rent it

[@kennethw6962]

It's kinda like how Raymond Redington In the Blacklist keep storage units throughout the country with guns and cash and other paraphernalia. You don't want to have to go buy a gun every time you need to knock somebody off. It's just easier to have the gun and bullets waiting, bang bang done.

[@klwthe3rd]

When your wealth level gets high enough, I'm guessing the rental income isn't worth the hassle. I wish Andrew would sell his contacts list for those of us who don't qualify to work with him one on one. 🤔

[@VwapTrader]

If he sold his contacts list, it would be worthless after the 2nd or 3rd person who uses it because the contacts wouldn’t be able to feasibly deal with hundreds of callers like you or Me. You have to build yourself. You are your best asset. Quit looking for external help when you can help yourself in numerous ways.

[@DavidWilliams-qr5yj]

On this video Andrew I could not disagree with you more. Now if you’re the kind of guy that likes to pick up and travel between houses willy-nilly maybe. But I have made my fortune in rental real estate. And I am older now and I stay mostly in my home in Chiangmai Thailand. And enjoyed traveling keeping one primary residence but renting the other homes. It works for me. Happy as a clam One thing I learned is I don’t have a passion to make more and more money, I have learned to control my expenses and live on less. But still maintain a 6/7 figure lifestyle

[@jasonfraser5758]

Isnt ur wedding coming up soon Andrew? All the best from Australia

[@nomadcapitalist]

Thank you Jason.

[@JRspeaking]

Is he marrying the Serb?

[@nvdolcevita1717]

What about buying a hotel villa or part of the hotel? So they already manage all the bookings and you get profit and also you can use the villa/room when you go there? I have a friend who bought villa in Maldives and Africa, but I don’t know how common are these deals.

[@michamohe]

I'd keep my homes and my investment properties separate, that is my plan once I get my own business off the ground

[@elsbells8545]

For me it is the best you can do, buy for each apartment or whatever property you consider in your portfolio, what is needed there, and travel minimalist, otherwise it will cost you money for dragging along and headaches, I hate that dragging along unnecessary things..... just saying....

[@Dextamartijn]

I'm looking forward to one day doing this. Always enjoy your videos and channel.

[@nomadcapitalist]

Thank you. 😊

[@kennywilliamson]

whaaaa... you had me laughing with the rummaging through the underwear drawer...Whaaaaaa... exactly

[@overbuiltlimited]

Couldn’t agree more. I don’t use coupons, do airline or hotel miles for the same reason. I just can’t be bothered with things like that clouding my mind. Life is complicated enough without having to worry about how many miles I need to get a free flight (that is going to have a ton of restrictions by the way). Are you really going to feel it if you save $1 on some food product? It’s just not worth it.

[@MarkH10]

A parallel historical story. William Randolph Hearst had a 30 Billion dollar fortune, and homes in perhaps 10 States. His business could pull him across the nation in a 'moment' as they defined itv125 years ago. He got tired of arriving unexpected. Learning the staff he awakened at 1am had a set schedule for shopping, and effectively he had no food, or it will take an hour or more. He decreed that each chef in each home cook a goose each afternoon, and place it in the icebox. If it was disturbed in the morning, he was there, make meals expecting that. If not, distribute it to staff. BUT he always had a tasty morsel to eat no matter which home he arrived in, no matter what hour. I'm certain it did cut into his $30 billion dollar fortune, poor guy.

[@nomadcapitalist]

Interesting story; thanks for sharing.

[@MsClaudiaDuran]

What about paying utilities in all these properties? It would suck to come home from the airport, only to not have wifi or running water?

[@jerrydouglas4583]

Air Bnb, and have a local be your property upkeep. Use the profits to pay them and have them plug in your chargers before you arrive.

[@albertinsinger7443]

Hassle with taxes on income from rent and dealing with rental agents is not worth it in most places in Europe.

[@RateMyRestaurantYEG]

Another incredible video topic Andrew. Question - Should a person own foreign real estate within a company, like an incorporated real estate holding company? I would like to eventually purchase a small house or apartment in two or three locations as well. And are there 'Condo' fees on apartments or condos in those countries? Thank you :)

[@nomadcapitalist]

Thank you M.B. your feedback is always appriciated 😄

[@sonyalynn4794]

You do have to be careful when renting out your home. You have to know the laws involved too. What if the person who rents no longer pays rent and trashes the place. What if they fall, trip and want to sue you? I am sure there are different laws, rules as per country. I think he is being prudent. However, if I had a trustworthy family member, business partner or friends, I might let them stay.

[@ilikeshroomgals]

Good video , good advice as always.

[@irfannadeem9664]

What about keeping the house safe when you are not living there... Could you please tell...

[@TheDividendExperiment]

Also curious about this!

[@daveray5655]

I would assume a property management company

[@charleskeyessr4288]

I'm in the process of looking to buy 15 villas to rent out in vacation cities that pay $500/night. It's a good way to save a college fund. Making over $2.5 mil every year, I don't care about the wear and tear in the house.

[@welltraveledtrey]

Ever considered Airbnb instead of renting? Would love to hear your opinion on that

[@Fridja]

Great painting!

[@nomadcapitalist]

Thank you!

[@TheDtfamu89]

Translation: I just don’t want folks in my crap.

[@williamlee7782]

I've been nomading for the last 11 years. I like your advice but opted to go the Airbnb/rental route instead. Unless the numbers worked out and I had a management company overseeing my home, I can't fathom landlord or property owner issues to arise while I'm hopping around cities/countries.

[@nomadcapitalist]

Thanks for sharing!

[@sofiasofia8726]

Good thinking

[@Mik-rs3xv]

At least, you could rent them for a better return than the inflation and some no-risk bonds.

[@renasouza8261]

my dad rents out even his own garage, but he makes all his money from real state so it makes sense for him, for instance he doesnt try to make money by making his own bread or by fliping cars, if you have a busines the best investiment is your own busines, everything else will take away the hability of your main business to make money

[@radicaledwards3449]

hes right.

[@enochthestud]

I was wondering, is having a credit card really necessary? Because I live in Taiwan, and the majority of businesses prefer cash

[@oiramet]

I wouldnt mind living in Kuala Lumpur. Malaysia is more developed than the USA. More personal choice and freedom.

[@JonnyMReck]

Idea for future episode: “I have multiple international properties - here’s how estate planning works”

[@waelben2000]

That's not the question. The question is how did you get the money to buy them?

[@laylalayla5364]

Andrew, if you need to rummage through your bag to fish out your phone charger, you have clutter :)

[@UKxKDH]

Great video! You’re hilarious btw!

[@nomadcapitalist]

I`ll take that as a compliment 😊 thanks Kiara

[@zzyzx686]

My experience has been that if you leave an apartment / house unattended for more than a couple of weeks it will be broken into by thieves, and ultimately squatters / vandals will move in. Most people have to pay a local to stay in the place to keep undesirables out, so I fail to see the advantage of keeping paying renters out. That's why I rent. The person who rents me the place then has to worry about keeping squatters out if he/she expects me to keep paying rent, and as an added benefit they also have to fix the plumbing and leaks in the roof.

[@rubensnogueira3199]

It depends on the location. A nice condo in a fancy area can keep undesired visitors away. That kind of property is usually the best deal for investment purposes.

[@oceanwonders]

What city / country are you in? Very dependent on the local conditions. That's not true everywhere.

[@rubensnogueira3199]

@@oceanwonders you mean... me or zzyzx686?

[@oceanwonders]

@@rubensnogueira3199 I was asking zzyzx. :)

[@useruser_notinuse]

Wha the heck! Where do you live man?