Pillars of Income

Episode 44 of the This One Time in Real Estate... podcast, hosted by Mark Gellman, titled "Pillars of Income " was published on December 1, 2023 and runs 13 minutes.

December 1, 2023 ·13m · This One Time in Real Estate...

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Summary

Story time. Our team operates an office out of a co-working space. We own the building but we don't need that much space. Early on people would come in and inquire about purchasing a physical mailing address. Not renting office space there, but just getting an address. At the beginning, Mark was not interested but after the 5th inquiry, he realized maybe there was something to it. Today, there are about 40 "rented" mailboxes. Sometimes you have to listen and take outside cues to realize there are different avenues for you to generate additional income without too much effort on your part. Like anything, a good idea was validated by demand. Real estate income can be inconsistent. Find a way to generate multiple pillars of income.

Episode Description

Story time. Our team operates an office out of a co-working space. We own the building but we don't need that much space. Early on people would come in and inquire about purchasing a physical mailing address. Not renting office space there, but just getting an address. At the beginning, Mark was not interested but after the 5th inquiry, he realized maybe there was something to it. Today, there are about 40 "rented" mailboxes. Sometimes you have to listen and take outside cues to realize there are different avenues for you to generate additional income without too much effort on your part.

Like anything, a good idea was validated by demand. Real estate income can be inconsistent. Find a way to generate multiple pillars of income.

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