what is passive income

I was lucky, I don’t know why, but for some reason I picked up on the concept of passive income at an early age. At 9 years old I used to consistently beat my parents at Monopoly. At 9, I was just happy to be better at something then the grown ups, but I was subtle learning an important lesson. Id giggle as each time they landed on one of my properties I was slowly taking their money one faux hundred dollar bill at a time, and my pile of money would grow strong until the game ended. Today I know this, was a rough concept of generating passive income.

What Is Passive Income?

Passive income is payment you recieve on a consistent basis, with very little to effort required to maintain it. Contrary to active income, in which you trade your time for money, passive, or residual income is created generally by investing in assets, or putting in a lot of time up front that produce a monthly income.



Why is passive income important?

Passive income is important because, it is not directly related to the time that you spend. You make educated investments that create a steady income stream. Because you are not spending time, passive income investments are a good way to plan for retirement. By gaining more and more income producing assets, you are in direct control of growing your wealth.

Some Passive Income Examples:

I have dabbled in a few of these, but I’ve been able to create the majority of my income with rental properties, as you recall with house #1 and house #3. Rental properties have allowed me to achieve financial independence, and I am currently growing this business.  I am a big believer in diversification, I’ve always been an advocate of diversification, and no one way is better than the other. I recommend that people experiment on a small scale to see which methods interest you the most

Passive income is not FREE money. All forms of passive income require the following:

  • An initial financial investment – An examples of up front financial investments would be purchasing dividend producing stocks.
  • An initial time investment – An example of up front time investment would be. Creating a hit song and receiving residuals, or royalties on a monthly basis.

What Makes Passive income so powerful?

What makes passive income so attractive, is that once you lay a foundation, the residual income get easier build. With traditional active income there is a limit to how much time you can dedicate to working. With 24 hours in day and a general work shift being 8 hours of your day, it’s virtually impossible to find time for more then a second job, not to mention how brutal of a lifestyle that is. With passive income, you are not bound by the time restraint, and letting your money work for you. As long as you are generating enough income you can create as many passive income streams as you like.

The best thing about passive income, is when you don’t have to be at work, you get to actually live life. The majority of us are stuck in a position, where we need to work to keep things in order in our life. Jobs determine: when you go to sleep, when you wake up, what you eat, how you dress, and what you drive. Passive income allows you to spend your days doing what’s most important.



How To  Generate Passive Income In The Beginning?

  • In the beginning you need active income – Unless you come from a wealthy family, you will need capital to build your passive income empire. Theres no way to shortcut this part, you need to have a primary means of income to get started.
  • Be Frugal – Think of this as the time of sacrifice, this may seem unreasonable but, stop spending so much money. Try to find economic ways of entertaining yourself. Cut down on food budgets, try not to eat out too much and cook at home. Here are some yummy ideas of what frugal people eat! 
  • Create a plan. A big part of creating passive income is having a strategy. Have answers and procedures for every conceivable scenario.
  • Determine how much passive income you need – Figure out how much residual income you need to make to live your life comfortably.
  • Set realistic short term financial goals – It’s ALWAYS great to shoot for the stars, however creating short term goals that can be reasonably achieved. An example of a good short term goal is saving up for a down payment on a rental property,

Achieving financial freedom is not easy to achieve, but by setting goals, saving, and frugal living you can begin on your journey to residual income. After laying this foundation, by the time you are generating enough income to live off of, you will have definitely earned it.

UberEats Promo code 2016

UberEATS Promo Code For 2016

If you are new to my blog allow me to introduce myself my name is Dave.

I’m 32 years old and gearing up for retirement next year. 

I can do this because I have educated myself in personal finance, learned to live frugally, and I’ve made some investments, mostly real estate. You can read about how I accidently started building passive income here, and how I made $11,605 in 5 months as an Airbnb host here.

In the name of frugality, it’s common for me to post freebies and tips to help you live frugally.

If this UberEATS promo code helps you out PLEASE share this post and subscribe!

If you already know how to enter the promo code here it is:

EATS-Uber4FreePromo

Hey guys, periodically I like to post life hacks, in the name of frugality. The more money you save the more you have to invest. Today Im going to show you how to get a FREE meal using an UberEATS promo code up to $10.

Uber Free Ride promo code

And here is promo code so you can take a free ride with uber:

uber promo code

Are you new to UberEATS and want more information, or looking for a promo code? Look no further you have come to the right place.

What is UberEATS?




UberEATS originally dubbed UberFRESH, was launched in Santa Monica in August of 2014. The company took its already successful rideshare app and experimented with lunch delivery. The company has evolved into  an on-demand meal delivery service powered by the Uber app.  The app connects drivers and riders to utilizes its massive network deliver otherwise non-deliverable meals to your location in minutes. UberEATS partnered with local restaurants in selected cities from all around the world so that customers can order meals using  the UberEats smartphone app.

UberEats FREE Promo Code

UberEats Promo Code

UberEats Promo Code

To receive your free UberEATS meal, simply enter the code above into the UberEATS promo code section at sign up and you will receive one free meal credit up to $10 for your first meal! Please note the UberEATS credit will differ depending on which city you are located in. Full disclosure, any amount listed is for reference as Uber reserves the right to revoke credits.



How To Enter your UberEATS promo code to get your FREE meal

  1. Download UberEATS from the android market or app store, then open it.

    download ubereats

  2. Click the settings icon in the upper left corner as pictured.

    ubereats promo

  3. Select Promotions.

    uber-eats-promo-code

  4. Enter the promo code EATS-Uber4FreePromo, then press the apply button.  A message will pop up confirming your UberEATS free food credit Enjoy your FREE MEAL!

    free-uber-promo-code

What Cities is UberEATS Available?

Currently, UberEATS is available in the following cities:

  • Aarhus
  • Atlanta
  • Austin
  • Baltimore
  • Chicago
  • Cincinnati
  • Cleveland
  •  Columbus
  • Connecticut
  • Dallas
  • Denver
  • Edmonton
  • Houston
  • Las Vegas
  • London
  • Los Angeles
  • Melbourne
  • Mexico City
  • Miami
  • Nashville
  • New Jersey
  • New Orleans
  • New York City
  • Orange County
  • Orlando
  • Ottawa
  • Paris
  • Perth
  • Philadelphia
  • Phoenix
  • San Diego
  • San Fransisco
  • Seattle
  • St. Petersburg
  • Singapore
  • Sydney
  • Tampa Bay
  • Toronto
  • Washington D.C.Update 10/26/1 – UberEats has expanded to St. Pete from the Tampa area
Getting More Free UberEATS

Since the UberEATS promo codes are only eligible for one free ride, you might be wondering how to get more free rides. By clicking the options button in the corner and selecting ‘Free Food’, you will be shown your promo code. Every time you share your code with friends, when they use UberEATS for the first time they’ll get $10 off their order, and you get $10 off yours.

Tips on using your UberEATS Promo

  1. Spread the word about your uber promo code!
  2. Post your promo code to all your social media accounts
  3. Advertise your promo code on youtube
  4. The UberEats credit only last for 3 months, so don’t save them too long
  5. The Uber promo code terms are subject to change and are not guaranteed

How To Become an UberEats Driver

Driving for UberEATS is great because you get to set your own schedule, so it’s a good side hustle to earn extra cash. If you want to learn about my experiment driving for uber click here. To earn some extra money driving for UberEats Click here to sign up! 

The UberEATS Driver Requirements
  • UberEATS drivers must be at least 19 years  of age
  • Own a vehicle no later than 1996
  • UberEATS drivers must be able to lift up to 30 pounds
  • Have at least 1 year of driving experience

Food always taste better when it’s FREE, what are you going to order with your UberEATS promo code? Let me know what you’re snacking on in the comments below! 🙂

P.S.

Want a free uber ride credit? Click here for my Uber rider promo code.



Investing in real estate young afford everything

Investing In Real Estate Young

If I could go back in time, to my senior year of high school, with the financial knowledge I have now….I would have retired years ago. It hurts my head to think how uninformed, and uneducated the school system leaves our youth after earning your diploma. All those years chasing grades, learning formulas, and a plethora of other things, yet no talk of rental properties, building passive income, or even the financial basics. Unfortunately, this scenario is all too common. I was in my mid-20s by the time I accidentally started building passive income.

 

The average person graduates high school and college. After college they have incurred student loan debt so they get an entry level job, they rent while dating, get married then search for the dream house. The couple applies for mortgages, they purchase the dream house at the top of their budget. And the cycle begins. This is the point when you stroll up to the starting line of the rat race.

 

Your living arrangements are your biggest expense, for this reason, I recommend beginning savings for your first house right out of high school. Once you establish stable employment or hone your hustling skills, rather than renting, the best way to start investing in real estate, is to find a local duplex or a cheap single family home. In order to find a good deal, you may have to sacrifice, and consider living in a low-income area. Low income doesn’t necessarily mean dangerous, but do your research. There are benefits to each strategy.

 

The benefit to buying a cheap home is that you can pay it off fast. In my area, I can find a 2 bedroom home in a low income, but safe area around 50k. If you concentrate your income on paying this off, you can own this house in under 3 years. By paying off your primary residence, you have eliminated what is generally everyone else’s biggest expense. You now only have to cover your property taxes and insurance. This means now it’s easy for you to save, what would be rent/payments for your next investment. Imagine how fast you could save up for rental if you didn’t have to pay rent.

 

The benefits of buying a duplex as first investment slightly differ in this strategy. The idea here is to find a well-priced duplex. My criteria is that the duplex cost less than if I was buying 2 separate houses. Using the example above, if the average 2 bedroom was 60k, I would be looking at duplexes with a comparable amount of bedrooms per unit for 110k or under. Once purchased, find a good tenant to rent out one side. Make sure the rent you charge is enough to cover the mortgage as well as your bills. At this point, you have your own place, and your living rent free. Continue to save money as if you did have rent and apply this to the mortgage. If you continue this in a few years, you’re going to have the duplex paid off free and clear. Now when you receive your rent payments, they are mostly profit. You can now save up for a down payment on your next place, then replace your old side of the duplex with a new tenant. The income from having 2 new renters will be profit and you will own real estate.

 

By investing in real estate young, by the time you’ve paid off the property In either strategy, you’ve already aggressively taken a large step towards passive income and getting a clear view of the finish line that is the rat race. Once you move out and have either completely paid off and rented, you are now able to buy more rentals, or at the very least you have an asset generating enough monthly passive income to cover your new mortgage payment. Without having to worry about rent\mortgage payments you can begin a fast paced savings plan, that will allow you to grow your portfolio and subsequently, your rental income . The younger you are when you star investing in real estate, the sooner you can start building up your rental portfolio.



25 side hustles that make money

26 Side Hustles That Make Money

What’s a Side Hustle?A side hustle is something you do to earn money outside a traditional job.- Nick Loper





25 side hustlesIf you want to start building passive income the first the you’re going need is a regular income. 

I like to think of  myself as a self-sufficient hustler. Sometimes jobs are not a good fit for everyone.

Sometimes jobs don’t pay enough, and a second job would be too stressful, that’s where having a hustlers mentality comes in.

Having a side hustle is helpful to save up for larger investments that will generate passive income

Here are 25 ideas to help get some capital into your bank account.

 

 

  1. Resell discarded items – If you have a pickup truck, and you see an old sofa, or nice coffee table, out on the curb for the trash, take it. These items can be cleaned up and listed for sale on sites like craigslist or offerup, You can make money by steam cleaning old sofas, or polishing old wood dressers and selling them. A lot of times people throw stuff out thats in good condition just because they need the space. Avoid anything heavily stained and always clean these items thoroughly to restore them back to a decent condition.
  2.  Stalking Craigslist Free Section – This is one of those side hustle that is no secret to many looking to earn some money so you will need to be fast. People often list free items on Craigslist, many of which may have value, but the owner doesn’t want to go through the hassle of meeting potential buyers, or haggling so they give it away free. I’ve seen everything from furniture to vehicles in this section. The goal here is to snag items that can you can sell for profit. Because you don’t have to spend any money to get these items, everything you sell is 100% profit.
  3.  CashcrateCashcrate is a paid survey site online. Survey sites like Cashcrate generally offer 2 ways to get paid. Member sign up and can either complete surveys for designated dollar amounts, or refer others using their referral link. I signed up for cash crate a LONGGGGGG time ago. Like 2007ish, when I was trying to find out different ways to make money online. I started off doing the surveys, and I went through a phase where I was doing youtube videos and putting my referral link all over the place. I didn’t know much about internet marketing back then, but apparently, a few people are still watching my youtube videos because I have many active referrals. The good thing about cashcrate is that not only do you receive a percentage of your referrals earnings, but you also get a smaller percentage of your referrals, referrals. I consistently get checks from cashcrate to this day. It’s always a financial bonus to open the mailbox to a check from something you weren’t expecting. I would actually classify this is passive income because I literally had done nothing to maintain this for well over 8 years! If you want to sign up with cash crate click here
  4.  Bird dog houses – This is one of my favorites. Have you ever driven by a busy intersection and noticed a bandit sign with the words “We UGLY Buy Houses…”? Well, these people are probably  Bird dogging the act of finding real estate for a good price, placing it under contract, and then selling the contract for a profit. This is done by using an assignment contract. Using bandit signs is a great way to find people who want to sell their houses. The real profit to be made is when you come across homes that are in dire need of repairs, or updates because this will give you leverage to hassle. After negotiating a price you place the house under the assignment contract, this is an assignable contract to buy the house. This means two things, that you have an agreement to buy the home at a specific amount, and that you can sell this contract to someone else interested in buying that house, at the same price. This is why its important to make sure the price you negotiated will be attractive to investors after you’ve added your contract fee. In my area, I find bird doggers are usually earning around 3-5 thousand dollars per assignment.
  5.  Painting – If you’ve got attention to detail post an ad on craigslist, throw some special prices on it, buy some good quality brushes and go to work. I don’t recommend trying this if you are not particularly a neat person. Offer friends and relatives a free paint job, to  see if this is something you can do well. Always remember to tape off all trim, remove wall plates, and keep the floor covered with a good quality tarp.
  6.  Drive For Uber or UberEATS – Uber driving is a great way to make some extra money. Unless you’ve been living under a rock, you know uber is like a taxi but a heck of a lot more reliable and cheaper. I use uber all the time when I travel or go to the bar. There’s a certain freedom about not having to drive places that I love. If you have not taken a ride with uber please download it and use this promo code UBER4FreePromo, this will give you a free ride for up to $10.  Uber  an especially good way to make consistent extra money if you have an eco-friendly car. They pay drivers to download the uber partner app, and take calls from people who need rides. Its like that old arcade game Crazy Taxi but in real life.  People always ask me what its like driving for uber. It gave me a different look at my city, I got to meet a lot of really cool people, and explore areas of the city that I didn’t even know existed. Because of it, I’ve gotten paid to discover all new restaurants and other hidden gems in my city. For more info on Uber check out the uber experiment. An Expansion  of the Ubers company is UberEATS, you can also make money delivering food to customers of local restaurants. To learn more about UberEATS click here!   If you would like an Uber promo code for a free ride click here!
  7. Rent your house on AirbnbAirbnb is a website that allows you to either rent rooms in your home or your entire home to guest looking to travel in your area. This can be extremely profitable. When i first started my airbnb investment experience, I opened my rental properties to many guests in my area. This is an extremely lucrative way to make money. Click here to see how I made $11,604 in 5 months renting my house on Airbnb or  Click here to rent your home on airbnb.
  8.  Tutoring services – Do you have a talent, something that others might want to learn that you could teach, if so tutoring might be a viable source of income. Do research to see what others in your niche are charging and be competitive. Depending on what type of tutoring you’re doing. Try to go to places where people in need of your service would gather and post ads on the bulletin board. For example if your good at fitness. Advertise at local gyms. If you’re a trigonometry wiz, advertise on community college, and university bulletin boards.
  9. Start a cleaning service – If you are one of those people who finds it therapeutic to clean, start a cleaning service. Cleaning supplies are cheap, advertise on craigslist, as well as local bulletins in your community. Try to get cooperate contracts as they will make your business more valuable . Always clean very thoroughly you will be able to get more clientele through word of mouth as well if you are good at what you do.
  10.  Dog walker/pet sitter – Are you a pet lover? You can get paid as a pet sitter or dog walker. You should really love animals if you are considering working with them. You can get clientele by advertising in the online classifieds or sign up for services such as rover.com. Rover.com is a website that connects dog sitters and walkers, with people who need the services.
  11.  Mobile detailing – Because the supplies needed are very cheap, and you are mobile, you will have very low overhead with this side hustle. Advertise your services on local classifieds and bulletin boards at local businesses. Offer competitive on pricing and offer discounts for multiple vehicles. Pass out flyers in crowded parking lots at the mall. Mobile detailers generally charge $35 for a basic cleaning, and there is an upcharge for deeper cleanings.
  12.  Drop shipping – Drop shipping is when you sell/advertise  a product, and once you get a sale, you purchase that item from a 3rd party vendor and have it shipped directly to your customer. The benefit of drop shipping is there is usually little investment because you never have to purchase physical stock. In fact, the only thing you will need to make money is a website and a marketing plan. There are many companies that drop ship online, such as Doba. The best practice is to find a niche that is not over saturated. Saturated niches will be nearly impossible to get ranked for as, pioneers in that particular niche, will make it difficult for you to make any money.
  13.  Be somebody’s friend. That’s right you can literally get paid to be a friend. If your personable and you think you could lease out your services as a friend, try signing up at rentafriend.com. You can literally get paid to be a good friend.
  14.  Give advice – Do you know a lot about a lot of things? Become an “expert” on  Clarity.fm. With Clarity, you make money by giving advice to people with questions in your field of expertise. “Experts” generally make around $50 per question.
  15.  Blogging – I only recommend blogging if you love what you talk about, this is a long-term way to make money. As you build your audience, you can eventually begin to make money through a bunch of different avenues. If you use products that you truly believe in you can make money with Amazons Affiliate program. You can also make money with Google Adsense. Adsense pays you to place ads on your website or blog, and as they get impressions or clicks, Adsense registers this and issues you a payment. You can also sale ad space on your site directly. You set the price, and have more control over the details. Bloggers with large followings like Carol Tice, can earn upwards of $5000 a month from blogging. To learn how to start your own blog click here.
  16.  Collect scrap metal – If you have a pickup truck you can drive around and collect the scrap metal and scrap it. People are always listing free scraps for people to come get for free. Develop a name for yourself in the scrapping niche, you can build relationships with people that come across scrap metal frequently, like rehabbers and flippers.
  17.  Get a roommate! Ok, so disclaimer: This isn’t so much a way to make money, well I guess it could be considered depending on how you look at this. I have a friend named Amy that lives in New York, she’s financing a nice luxury apartment. Her monthly mortgage payment is $2300 and she has 4 bedrooms. She rents the 3 smaller but decent sized bedrooms out to her friends for $900 a month each. Amy grosses $2700 a month. Every month her complete mortgage payment is covered and she has $400 left over to pay bills. Of course having a room mate isn’t for everyone, but if you can bare it this is a good way to cancel out the largest part of your living expense while paying off your mortgage.
  18.  Craigslist labor section – Craigslist is a great place for find people in need of labor services. On craigslist in the section under gigs, you can find people looking for temporary help. If you are handy there will be a lot of options for you here. If you are not handy, there are also gigs where they may just need something simple, such as needing a lawn cut.
  19.  Junk removal – This is another thing that you will be able to find gigs on craigslist. Many house flippers, and , those who go through remodels, are left with literally tons of debris. If you have access to a pickup truck and preferably a trailer, you can get paid to haul this trash off to the city dump. Contact your local dump and find out what dumping fees are. Keep this number in mind when bidding jobs. always make sure that you charge enough to cover dumping fees, your gas mileage, and most importantly your time.
  20.  Bitcoin Mining – You know what bitcoin is right?…..kinda…..a teeny bit? Well, bitcoin is a cryptocurrency that has gained popularity recently and starting to be accepted as a form a currency at an increasing pace. At the time of this post 1 bitcoin is worth just a little over $500 USD. So how do you get bitcoins? Well, you can mine them  by becoming a node,  back in the day, you could mine bitcoins with nothing but your computer and an internet connection. As time progresses bitcoins become progressively harder to mine, eventually stand alone computer did not have enough processing powers to satisfy its increasing demands. The need for more power led to the birth of dedicated bitcoin miners. Bitcoin miners use ASIC technology to help  mine bitcoins, but use a lot of energy. Some investors build bitcoin mining farms, to generate large amounts of bitcoins every day. The major drawback to bitcoin mining is that it grows increasingly harder every year to generate bitcoins, so you will always need to continuously keep updating your mining equipment. In the early days of bitcoin mining, you only needed a desktop computer, and an internet connection to mine bitcoins, now dedicated equipment such as the Antminer s9 is required to keep up with the ever-evolving algorithms.
  21.  Cut grass – This is usually seasonal depending on where you live, but people will always need their grass cut. You can get a used lawn mower off craigslist for under $100 to start your business. Start off in your neighborhood, ask neighbors with noticeably long grass if they need cuts. Offer to schedule them once a month. Print flyers and pass them out to near by neighbors. Be professional and be on time, and you will make money.
  22.  Buy Return Merchandise Pallets – When companies like Walmart, Target, K-mart, and many other stores accept returns, many times the items have slight blemishes or warped packaging, these items can no longer be sold on the shelf. In turn, the big box store needs to liquidate these items to recoup as much loss as possible. These items are sold to liquidation companies in insane quantities. Companies  like Viatrading redistribute the store returns into large boxes on pallets and package for resell for one wholesale price. I used to buy these pallets when I lived in Nashville. They usually averaged $300 and came in a box that was almost as tall as me. The only thing about purchasing these returns, is the liquidation centers don’t allow you to see what’s inside the pallet, they don’t want buyers cherry picking pallets.  Once we purchased a pallet, we would empty the box, go through everything, and separate the items into price ranges. The electronics were sold on eBay, and craigslist. and the low priced items would be sold by having garage sales. We would at least double our investment on each pallet http://www.viatrading.com
  23. Storage Auction – When storage unit owners, stop paying, the storage companies need to get their space back. They do this by auctioning off the contents of the storage unit. I’ve been to a few of these and they are competitive. The key to making money here is being able to tell what things are worth really fast. Like the pallet returns, you are generally not allowed to look inside these units, you must make your decisions based on what you can see standing about 3 feet away. Sometimes you get lucky and find valuable items that were not visible. These items can be sold on craigslist, the best way to make money with this is by making sure you don’t overbid on lots.
  24. Become a virtual assistant – If you are good at administrative work, can type, and work well with spreadsheets you may want to consider freelancing as a virtual assistant. Virtual assistants perform clerical work for clients, mainly data entry related work. You can find clients by listing your services on websites like upwork.com
  25.  Amazon Flex – Ever wonder how amazon gets packages out with lightning speed? Amazon Flex workers are the backbone of this delivery system. You apply through the website, submit a background check, then once hired, you can login from your smart phone and start delivering products from the Amazon fulfillment center in your area to its customers. Flex workers average $18-$25 an hour and set their own schedule.
  26. Become a Pornstar from home – If you aren’t shy and would like to make some decent money from home. You can  make some dcent money performing as a single our duo pornstar on a cam modeling site. . While many may turn their nose up at this  unorthodox method, cam models can earn an extra $100 – $10K a month from home . These sites work off a token system, viewers come into your chat room and tip tokens, that can be later converted to cash.  Because these websites are so popular there is always a large flow of traffic and plenty of money to be made.. If you are worried about you identity you can always wear mask to cover up your face and lets your inner porno star fee. You can sign up to be a cam model as long as you are over the age of 18. To see what its like to be a porno star online you can sign up here.






how to find a good tenant

Investing is real estate in the form of rental properties can be extremely lucrative, and an excellent asset that generates income. When you talk to people about rental properties the response normally falls into one of two groups. They either love it, and are swimming around in large pools filled with coins like Scrooge McDuck, whenever they have spare time, or they hate it and have tales terrible drawn out evictions, and thousands of dollars in damages. For some reason, this is the life associated with being a landlord, which is true to an extent, but can usually be prevented if you can find a good tenant. Here are a few tips to put the odds of building wealth with real estate in your favor. If you’ve ever had to find a tenant for the first time, you might ask the following questions:

  • What’s the best way to find a good tenant?
  • How do I screen a tenant?
  • What are the characteristics of a good tenant?

When you are a landlord, you need to rent to good people.  Screening tenants for your rental property will be the key to your success. – No Nonsense Landlord

The Number 1 rule to find a good tenant

Do NOT rent to any family, friend, or anyone you have any type of relationship. This is should go without saying, and is ranked very high on the 15 Landlord commandments, if you want to find a good tenant, and goes without saying but you wouldn’t believe how many people do this. No matter how nice this person is it wont generally work well. Your tenant landlord relationship needs to be professional. This means do not make friends with your tenants. One of my tenants used to always invite me out for drinks, but I always made sure to politely and respectfully decline.

Tenant Screening.

Screen your tenants. No really really screen your tenants. Seems like common sense for anyone hoping to find a good tenant, but remember those angry investors, this is the step that was either skipped or botched, that cause them to feel this way.  The first step to find a good tenant is the pre screen. This is done when you first advertise your property. Make sure you clean before taking pictures, because clean rentals help to attract clean tenants. Post your ad, with a detailed description of the property.

Next, you will want to add the things that will be required, I always choose the following, no felony convictions within the last 5 years, no sexual crimes arrest, must have verifiable rental history of at least 3 years, and must earn 3 times the rent, and no evictions ever. Those questions for potential tenants, are my first defense to help weed out the rift raft. I find that it filters out the majority of dead beat tenants. Last I include my application fee, this is generally $50, and is used to cover the background check, this is also put in the ad, for two reasons, so they know that I will be verifying the above questions, and because no one wants to waste $50 if they know they won’t pass. As I get potential responses, I call them back give them the address, and tell them do a drive by to see if they like the area. If they are interested I meet with them, and show them the inside. If the prospective tenant wishes to proceed. I have them fill out my application, and collect the application fee.

Now its time for the background check. Back in the day, this was tricky, but these days there are a number of tenant screening services such as Next you will want to add the things that will be required, I always choose the following, no felony convictions within the last 5 years, no sexual crimes arrest, must have verifiable rental history of atleast 3 years, and must earn 3 times the rent, and no evictions ever. Those questions for potential tenants, are my first defense to help weed out the rift raft. I find that it filters out the majority of dead beat tenants.

Last I include my application fee, this is generally $50, and is used to cover the background check, this is also put in the ad, for two reasons, so they know that I will be verifying the above questions, and because no one wants to waste $50 if they know they won’t pass. As I get potential responses, I call them back, give them the address, and tell them to do a drive by to see if they like the area. If they are interested I meet with them to show them the inside. If the prospective tenant wishes to proceed. I have them fill out my application, and collect the application fee. Now it’s time for the background check. Back in the day, this was tricky, but these days there are a number of tenant screening services such as

As I get potential responses, I call them back give them the address, and tell them do a drive by to see if they like the area. If they are interested I meet with them, and show them the inside. If the prospective tenant wishes to proceed. I have them fill out my application, and collect the application fee. Now it’s time for the background check. Back in the day, this was tricky, but these days there are a number of tenant screening services such as Next you will want to add the things that will be required, I always choose the following, no felony convictions within the last 5 years, no sexual crimes arrest, must have verifiable rental history of at least 3 years, and must earn 3 times the rent, and no evictions ever. Those questions for potential tenants, are my first defense to help weed out the rift raft. I find that it filters out the majority of dead beat tenants. Last I include my application fee, this is generally $50, and is used to cover the background check, this is also put in the ad, for two reasons, so they know that I will be verifying the above questions, and because no one wants to waste $50 if they know they won’t pass. As I get potential responses, I call them back, give them the address, and tell them to do a drive by to see if they like the area. If they are interested I meet with them to show them the inside. If the prospective tenant wishes to proceed. I have them fill out my application, and collect the application fee. Now it’s time for the background check. Back in the day, this was tricky, but these days there are a number of tenant screening services such as rentprep, that can do a full background and credit check for a reasonable price. These checks are quite comprehensive. Within 24 hours, any lies are exposed, as I have access to their former addresses, criminal history, eviction history, bankruptcy filings, credit score, and employment information. I then cross reference this with the application for discrepencies. My personal preferences are:

  • Credit Score must be atleast 600. I feel this score means you are fairly responsible, I may sometimes go as low as 570 if everything else is in order.
  • Criminal history must be extremely mild. I don’t allow any recent felonies within the last 7 years, no drug crimes(have you seen how the DEA kicks in drug dealers doors, looks very expensive), no sexual offenders, and pretty much anything that would indicate the tenants lifestyle could end them back behind bars, because jailed tenants can’t make rent. However if the prospective tenant got into a got arrested for public intoxication during Mardi Gras 5 years ago, I would not disqualify the tenant. Things happen, but this is a judgement call.
  • No evictions ever! I don’t care if it was 20 years ago. An eviction is one of the worst, and expensive things a landlord can go through. Evictions mean the tenant would not leave and had to be escorted out by law.
  • I make sure that they really work where they claim. Tenants will sometimes get creative here and give family members numbers, and instruct them to pretend to be employing them. I call jobs and speak with the supervisor, I verify employment and length of employment, this should match what was on the application. I require them to be on the job for at least 2 years.
  • I verify previous landlords, tenants also sometimes try to use family members for this, so use discretion. When the former landlords pick up, I confirm who I’m speaking with then ask them to verify the address of the the tenant, usually landlords will know this address right away and is a good indicator. Its always a good practice to speak to the landlord before the current. Sometimes the current landlord will be anxious to get rid of a bad tenant, and give a false praise. Once confirmed, I ask how the tenant was and how the home was treated. Landlords will tell you if they were trouble makers, or if they were late on rent.

If everything checks out, I can end my search to find a good tenant, and call the prospective renter and let them know that they passed the check and give them a move in date, and request one months rent plus a security deposit equal to one months rent. By pre filtering, and then screening and verifying potential tenants in this manner, I end up with end up with a responsible person who has the makings of a good tenant. I find that tenants with clean backgrounds, and pass these verifications are not flukes, they actually care about their reputations, thus are less likely to tarnish it. Both my tenants from house #1 and my tenants in the townhouse investment property that have been screened this way have rented my homes for 3 or more years at a time, and are extremely low maintenance. By thoroughly researching to find a good tenant from the beginning, I have less hassle and can truly consider this income stream passive income.

 

Are you a rookie landlord or a seasoned veteran landlord? Any tips I might have missed here? Let me know in the comments below!

Airbnb Investment Experience

The Airbnb Investment Experience

airbnb investment

So May of 2015, I closed on House #4. House #4 was an old bungalow  built in the 40s, that had not been updated since the 40’s.

The original plan was to turn this into another rental to add to my portfolio.

Mid way through my renovations, my pregnant sister, called to let us know that my niece had been born. I had to get back home to Detroit to see her and the baby right away.

My family and I are originally from Detroit, so we visited frequently. We generally preferred the comfort of hotels, but with 2 children, we always sprung for the suites, to have a private area away from the children. The suites at

 

The suites at Motor City Casino are EPIC, but pricey starting around $475 per night. We began to look for vacation rentals and I stumbled across Airbnb. If you are not familiar with Airbnb, it’s an innovative start-up which allows host to rent out spare bedrooms, and entire homes to guest traveling for short periods of time. I stayed in vacationed in rentals from VRBO many times, but Airbnb investment homes seemed to have a cozier at home feel. After searching I found a cute apartment in Dearborn, Michigan(a small suburb east of Detroit) for the low price of $87 per night. The cost for 4 nights was the same as 1 night in a suite.

After our flight, I was anxious to see what our accommodations for the weekend would look like. We jumped in our uber to and headed to our destination. When we arrived, I was impressed. It was 2 bedrooms, I had my own kitchen, and plenty of space for the kids to have there own beds, and I was close to everything. The whole experience was excellent. Having access to a stove, and refrigerator was extremely convenient. The idea of an Airbnb investment intrigued me.

Airbnb Investment Property

When I arrived back to Florida, I was intrigued. I looked on the Airbnb website to see if anyone else was hosting in my city, to my surprise they had quite a few host. I started clicking listing and looking at everyone’s calendars to see how many bookings they were getting. Almost every property had at least 20-25 days booked. I looked where House #4 was on the map and saw a listing around the corner, that was booked solid for $99 a night + $60 cleaning fee, with a lot of reviews. I knew I could rent House #4 for around $850 per month, this was the original plan, however I pulled my calculator out and did the math…if I could book 20 days per month @ $99 per night, I could easily gross approximately $2000 a month. After bills(electric, water, and cable) I could take home $1700 per month from a house that I only anticipated $850 from, literally double my money, not bad for a side hustle. I had to try it. Ill admit I was nervous as hell to spend all this extra money, furnishing, paying bills, and getting all the small items a person would need to feel comfortable. Now one thing I know is how to find bargains.

airbnb investment

I had about 2 weeks left on renovations so i frantically stalked craigslist furniture section for good deals on nice upscale furnishing.

I’m actually proud of my interior decorating skills. I found myself doing stuff guys where I’m from don’t do, such as picking out wall decor, and making sure the furnishing matched the carpet. I spent about $1500 total, on furniture, a few cheap LED TVs from and bed sets from Walmart. I decided order

I found myself doing stuff guys where I’m from don’t do, such as picking out wall decor, and making sure the furnishing matched the carpet. I spent about $1500 total, on furniture, a few cheap LED TVs from and bed sets from Walmart. I decided order

Now one thing I know is how to find bargains. I had about 2 weeks left on renovations so i frantically stalked craigslist furniture section for good deals on nice upscale furnishing.

I’m actually proud of my interior decorating skills. I found myself doing stuff guys where I’m from

don’t do, such as picking out wall decor and making sure the furnishing matched the carpet.

I spent about $1500 total, on furniture, a few cheap LED TVs from and bed sets from Walmart.

Now one thing I know is how to find bargains. I had about 2 weeks left on renovations, so I’m frantically stalked craigslist furniture section for good deals on nice upscale furnishing. I’m actually proud of my interior decorating skills. I found myself doing stuff guys where I’m from don’t do, such as picking out wall decor, and making sure the furnishing matched the carpet. I spent about $1500 total, on furniture, a few cheap LED TVs from and bed sets from Walmart. I decided order

I decided order wall mounts to keep the TVs aways from toddler finger prints. I bought wall art, rugs, dishes, pots, pans, silverware, everything Id need or so I thought. Took a few pictures of my house on the inside and out and listed on Airbnb. Then I sat by my phone and waited for the Airbnb in app to start doing its things….show me the money!

Airbnb Investment Property

my Airbnb rental

After a week of no action I was getting nervous about my investments on the various furnishings and knick knacks, I’d purchased to dress the home up.

I met my contractor at the house to do a final check, paid him and now the house was fully renovated, furnished, and making no money. I remember this day because I was bummed out, I had my home on Airbnb for a week and nothing. I locked up the house and headed home soon as I turned off the street I heard an alert from my iPhone I had never heard before.

I pulled my phone out the pocket to discover a message from Airbnb, someone wanted to rent my house for 5 days :). I had my mojo back, I would be hosting my first guest in about a week and a half. I went home and slept a little better that night knowing at least I was going to see some money this month. When I woke up I noticed I had a new message from

I went home and slept a little better that night knowing at least I was going to see some money this month. When I woke up I noticed I had a new message from Airbnb, someone was in town and wanted to stay at my house that day. They wanted to stay for 6 days, I accepted the request. I still had loose ends to tie up, the TVs I had bought were still in the box, I cleaned up everything the best as possible, I installed a  Schlage electronic keypad on the door, so I wouldn’t have to worry about physically meeting guest for the key exchange. After finishing up I left and let the guest know the home was ready.

After the guest arrived I made him aware that this was my first time as a host, he told me he loved the place :). I let him know if he needed anything to call me I wanted this to be a positive experience. After a few hours he called me let me know a list of things that he needed, this is when I realized just how much humans require(he asked for a mixing bowl, toaster, coffee maker, and tea kettle). Yikes now I’m spending more money, I thought, but I obliged, I was sure these items would be helpful in the future anyway. A few days later, my first guest left. I had to clean the house, I was charging $60 for a cleaning fee, so I didn’t mind but it’s a bit gross to clean up after other people but, I was getting paid for it so I just did it.

The first time it took me 5 hours to clean the home. Later that day The first guest left me my first review…5 Stars!!!! I was proud of myself, I had a new guest checking in the following day, and before I could pat my own back I had a new guest request for the 8 days starting the same day the next guest would check out.

After the guest arrived I made him aware that this was my first time as a host, he told me he loved the place :). I let him know if he needed anything to call me I wanted this to be a positive experience. After a few hours, he called me to let me know a list of things that he needed, this is when I realized just how much humans require(he asked for a mixing bowl, toaster, coffee maker, and tea kettle). Yikes now I’m spending more money, I thought, but I obliged, I was sure these items would be helpful in the future anyway. A few days later, my first guest left. I had to clean the house, I was charging $60 for a cleaning fee, so I didn’t mind but its a bit gross to clean up after other people but, I was getting paid for it so I just did it. The first time it took me 5 hours to clean the home.

Later that day The first guest left me my first review…5 Stars!!!! I was proud of myself, I had a new guest checking in the following day, and before I could pat my own back I had a new guest request for the 8 days starting the same day the next guest would check out.

After the guest arrived I made him aware that this was my first time as a host, he told me he loved the place :). I let him know if he needed anything to call me I wanted this to be a positive experience. After a few hours he called me let me know a list of things that he needed, this is when I realized just how much humans require(he asked for a mixing bowl, toaster, coffee maker, and tea kettle). Yikes now I’m spending more money, I thought, but I obliged, I was sure these items would be helpful in the future anyway. A few days later, my first guest left. I had to clean the house, I was charging $60 for a cleaning fee, so I didn’t mind but its a bit gross to clean up after other people but, I was getting paid for it so I just did it. The first time it took me 5 hours to clean the home. Later that day The first guest left me my first review…5 Stars!!!! I was proud of my self, I had a new guest checking in the following day, and before I could pat my own back I had a new guest request for the 8 days starting the same day the next guest would check out.

I ended up renting my Airbnb investment property out 5 times that month for a total of 22 days at $99 a night with 5 cleaning fees at $60 a piece. This broke down to a gross monthly payment of $2500. The bills for the first month were $98 for the electric, $62 for the water, $120 for cable/internet totaling $280, plus I had to pay myself for cleaning(I don’t work for free, not even for myself lol) another $300. I was looking at $2500 – $580 = $1920 net. That is $1070 more income than if I had turned this property into a traditional rental. The Airbnb investment was successful!  I decided at that moment I needed more of these. I am considering turning my townhouse investment property into an Airbnb once the current tenants lease is up This was better than my projections. Airbnb was a game changer! If you would like to earn money renting your space on Airbnb sign up here and earn $50 for hosting your first trip!   I am currently LOVING the Airbnb Investment business model,  although my main investment goal is to be able to live off of passive income, and Airbnb is not truly passive, if success continues I will be converting House #1 and the Townhouse investment property aka House #2 into Airbnb Investment rentals as well.   P.S. To use my Airbnb coupon code click here, if you use it you get $35 of your first stay, and they will give me $35 off my next trip as well, so it would be really cool if you used it!

 

Are you an Airbnb host? Would you turn your rental property into a vacation rental? Let me know in the comments below!

 

UPDATE:

5 months later find out how the Airbnb investment experience is doing and how I made over $11,000 in 5 months in Part 2 of the Airbnb Investment Saga

start building passive income

How I Accidentally Started Building Passive Income.

House #1

I moved to Florida back in 2010 on a whim, I had a little money saved up, and I wanted to make sure my family had a gauranteed place to live. We were staying with my finance’s cousin until we could get on our feet. I spent my days looking for deals on property. After a few weeks I came across a private seller with an 3 bedroom home. The owner needed quick money, and only wanted 21K.  He was renting the property to tenants who were about to move. The tenants were very messy, and had about 5 pets.  The home had roaches and part of the floor coming up in the kitchen and all the carpet smelled like urine. I paid cash for the home and suddenly I owned property, this was house #1.  After purchase my fiancé and I ripped up the carpet and put some cheap carpet in it, we replaced the kitchen floor with some peel and stick tiles, and painted the walls. I wasn’t thinking about building passive income, but rather how much it was going to cost me to fix up.

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I think at the time I spent around $2000 on making the home livable. The house did what it needed to, it provided gauranteed housing for my family and I, the exterior was ugly and it was located in what could be described as an industrial area, and not very attractive. I loved the fact that I had a home, that I didn’t have to pay a mortgage on, all I had to worry about was the taxes which were low. We lived here happily for 2 years.

Fortunately the ambition in me always pushes me to want to upgrade things. I knew on the market I could sell the home for around 35K, and the type of house I wanted to upgrade to was around 65K. I began searching for houses again for about a month before I came across a gem in Clearwater, FL, in a super convient location, close to the Tampa bridge and the major highway in the area. It was a nice looking home with a for sale sign that read 69K with contact info. I called while I was sitting in the homes driveway, and spoke to Phil, who flipped homes for a living. Phil explained he bought this home in a lot of 10 houses from the bank, and that he was looking to sell immediately. I arranged to check out the inside, and was viewing the house the next day. It was a little outdated but I loved it. The location was PERFECT. I had about 30K saved up and I knew I could get close to 35K for my current house, so I immediately listed my home for sale and told Phil I wanted to make an offer of 57K. I figgured listing my primary home cheap it would sell fast, the same day that it was listed I got a call from a gentleman, who appeared to be interested in buying my house, what luck. The buyer told me he wanted to come take a look at my house immediately, and he did the following day. After his walk through he made a verbal offer of full price, luck was on my side.

Now before you rag on me for accepting a verbal offer, I want to just say in my defense, at this point I was new to this, no one ever thought me anything about real estate. But back to the story, the guy who was buying my home arranged to meet me the following Monday to sign the contract, I set up an appointment with a title company and was excited that I was a bout to move into my dream home. Unfortunately, my luck doesn’t usually work out as well as it appears, when Monday rolled around I did not hear from my buyer, I gave him a ring and was sent to the voice mail. WTF! He was just talking to me all every day. I called over the next few days probably somewhere near 30 times, this guy was obviously avoiding me. I hate unreliable people. Saddened, I decided to call Phil and tell him that I wasn’t going to able to get my dream house. Phil asked why, I explained to him what I had been through. Phil then suggested getting a loan, “my credit sucks” I said, but Phil had an answer for me, “what about a hard money loan?”. A hard money loan as I learned, is private loan through and doesn’t involve banks. Phil had a hard money lender named James that he introduced me to. Phil told me as long as I had 20% down  he would approve me and didn’t care about the credit. I just had to make interest only payments and I had 3 years to make a balloon payment. I could come up with the rest in 3 years, this sounded like a good plan. Now I wasn’t relying on selling my old house and I was able to move, but what was I going to do with two houses. The answer almost came like clock work, I could rent it out to cover the monthly payments while I saved up for the balloon. I didn’t realize it then but I was laying the pavement to the road to retirement. I listed my home on craigslist for rent for $650 and found a prospective tenant immediately. I made sure to take the right steps to find a good tenant.  I was happy I was now generating $650 per month without doing anything. I was building passive income. The payments rolled in like clock work and I was able to cover my payments which were $475 a month and still saving $175 toward the balloon without any work. This random chain of events was crucial and a staple in the beginning of my career as a real estate investor, this is how I accidentally started building passive income. My home was now an income generating asset, and no longer a liability.

This is around the time I had just finished up reading Rich Dad, Poor Dad, by Robert T. Kiyosaki which is an excellent read, frankly the man is a genius. If you are interested in building passive income, I highly recommend reading it if you are looking to get into real estate investing. The book itself isn’t going to teach you any real estate methods, however it changed the way I thought about home ownership vs owning properties that allowed me to begin building passive income.



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The Uber Experiment – What it’s like to drive for Uber!

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What is Uber

If you have never heard of Uber, it is an extremely intuitive app that will undoubtedly change life as we know it. It’s what a taxi should be in 2015. You simply download the app, enter your payment info(even accepts paypal), and the app automaticly recognizes your location using the GPS technology in your phone and uses it to send a driver to your location. You are able to input your destination upon requesting your ride, so when the driver pulls up, he already knows where to take you. On top of that drivers are always all around in most areas, it generally takes about 7 minutes for your driver to show up so be prepared. This is insanely useful for nights out on the town, or rides to and from the Airport. If you have not used uber here is a Promo Code to get your first ride free up to $20. Taking Uber is the most responsible way to go out drinking, but today Im going to share what it’s like to drive for Uber.

Why I decided to drive for Uber

Theres 3 things that you should know about me. I hate thinking “inside the box”, I hate being confined to a schedule, and that I’ll try anything once. That being said when a friend of mine bragged about how he was making a killing with Uber, I thought to myself, I wonder how can I drive for uber?  And if I can make decent money doing it. That being said, I knew that it was something I wanted to look into. I immediately went home logged on to the Uber website to see what the requirements were. Because Im quite impulsive, I signed up for Uber on the spot. I was ready to try it, however my adrenaline rush was soon cut short as I realized this was going to be a process, starting with a background check. I quickly entered my personal info, there was a section that required me to take pictures of my drivers license and insurance info, I quickly submitted all of the required docs to get on the road. I tied up all the loose ends on the website and now All I had to do was wait…so I waited….and waited…and waited for about 2 weeks, until one day while I was shopping in the mall, and happened to glance at my iPhone. Opening my mail app revealed I had an email from Uber support with the subject approved, I was ready to drive. I quickly followed the links in the email to download the Uber drivers app, as it’s not available in the app store, and after 1 minute the app was on my phone, I decided to drive home before I tried it out, as I was currently on a tight schedule.



My first ride as an Uber Driver

Fast Forward to about 7 p.m. not really knowing what to expect, I opened the app and saw the Go Online button, I was feeling mixed emotions, somewhere between being extremely nervous, and excited. I decided to go outside and clean my car and get it prepared for the first ride, I made sure to take my iPhone with me to make sure that I didn’t miss anything. Around 7:04 p.m. I heard a series of short beeps coming from my pocket. I grabbed my phone and saw a stick figure with a circle quickly disappearing, on a timer. I immediately clicked it and my phone displayed the location of my first pick up. He was about 4 minutes from my house. As I left, I wondered how to contact him to let him know I was there. Since I didn’t want to be late, I left without hesitation and arrived promptly at the riders home. Another glance at my phone revealed that the app notified the customers of my arrival when I got a few feet away from the destination. After about 2 minutes, a tall man in his mid 40s opened the door and started walking towards the car, I unlocked the doors and let him in,  he sat down in the front seat.  I greeted the uber rider, who’s name was Dan and clicked the start ride button on my phone, and directions to his destination were displayed on the phone. I know the area he’s going to, so I proceed to the route. After a while he ask me, how long Ive been driving. “Your literally  my first ride” I replied. There was an akward laugh, and some following small talk, but nothing out of the ordinary. We arrived at the destination, Dan gave me a $5 tip, and hopped out and assured me he would give me a 5 star rating. I clicked the end ride button, and was asked to rate the driver, I gave him a 5 star rating because he was a nice enough guy. Then my fare was displayed $9.32. So this was  what it’s like to drive for Uber I thought! I headed back to my home, 2 minutes into my journey I received a second call. It was in route to wear I was going anyway. After 2 minutes I pulled up at the new location, and waited. After 10 minutes no one came out at all. The Uber app said the rider had been notified. I decided to email Uber since they did not have a contact number, I was quickly emailed back and told if a rider doesn’t show within 5 minutes I could cancel the ride and would be given a $4 No show fee. It worked, and within 3 minutes I had another call. Uber was definitely profitable. I took about 3 more rides before calling it a night.

How much I made driving for Uber

Over the next few days I learned a lot. I got comfortable talking with the riders, and learning tips and tricks, to maximize my profits with Uber. Especially when the weekend came. Friday night my first ride was taken to the area of town where all the clubs and bars are. After dropping off that rider, at  crowded bar, in the Soho area of Tampa. I got another call within seconds of his drop off. This appeared to be the theme of the night. Every time I dropped someone off I had a new ride request immediately. I decided to work until 2am. As I drove home drowsy from my night of running all around Tampa’s party scene, I checked my earning to discover I had earned $127. My first week I drove every night for about 4 hours. And about 5 hours every day of the weekend. When monday rolled around I was sent an earnings report from Uber. After 50.3 Hours online out of which I had only spent 25 legitimate hours driving, I had earned $593.47, Not bad for a week! I ended up with just shy of $2400 for the mont

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What it’s like to drive for Uber

The next few weeks were similar, and I know what you really want to know is how much did I earn with Uber, after all thats why your reading this, well I was earning close to $2400 on average driving for Uber, and got my self on a schedule. I knew the hot spots to be at to receive the most calls, I knew that nights were more profitable than days, and I knew how to build a rapore with the customers. The number one thing people always ask me as an Uber driver is whats the weirdest experience Ive had. At this point I have so many stories it’s crazy, I’ve had a guy fall asleep in the car and wouldn’t get up, Ive had a woman hop in my car half naked, Ive had a couple make out in the back seat, and on Halloween I had a man dressed in speedos and a batman cape hope in my car. All in all it’s been safe, fun, and a memorable experience. One time I had a young lady in my car who partied to hard at the bar and threw up on the side of my car, while this was extremely gross, Uber was extremely responsive and issued me $50 the next morning to get my car wash, which only cost me $20. In reality it’s like I profited $30 to get my car thrown up on…Ill take that.

Below is a copy of Ubers driver requirements

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Part 2 of The Uber Experiment coming soon…

I will keep you updated on my uber experiences as they unfold, in part 2 of this blog. If you would like to become an Uber driver, you can sign up to drive for uber here. If you sign up through this link Uber will give you $50 just for signing up and taking your first ride, so you can find out for yourself what it’s like to drive for uber. I highly recommend it as a way to build up your savings for bigger and better investments, if you are looking to make money and your at ground 0, this is a great way to start.