Okay, I so have a bunch of water issues. Whenever, I picked up the phone and call somebody, they’re all like 2-3 weeks out just to come take a look, and another 2-3 weeks to schedule. So, that, my friend, there is a shortage in skilled worker.
Anyhow, there are a bunch of things that’s been happening.
#1. Craigslist is NO LONGER FREE. They’ve started to charge $5/listing in my area. $7 in the midwest.
I’ve been lucky enough to have some people in my circle to do the job. But since the economy picked up. People found job for big companies again and they’d rather do just that instead of working for odd jobs.
#2. Minimum wage – I’m not against paying people the wages they deserve. Only when my handyman are now charging $40-$80/hr, it’s kind of absurd. On that note, even when the government leave the minimum wage the same, the wages will go up by itself, no need to raise the minimum wages.
My response to this:
#1. I should raise rent to offset the increased taxes, insurance, and maintenance cost
#2. Avoid being obnoxious landlord and sell the properties, let someone else doing the dirty job.
I’m leaning toward selling my properties, make less money, and don’t have to worry about raising rent to navigating through this labor shortage.
On the positive note, I’ve been out of town attending 2 graduations from my niece. I gave each one $2000 for scholarship. I hope they use the cash wisely. Mr.W wanted me to give them stocks, so they can hold on forever, but I don’t want to go through the trouble buying notes from banks.
One of my nieces graduation top 5% of her class.
The other niece didn’t do too bad, she got minimum 5 AP courses. Her school is like northern Virginia material, where 91% involved in some sort of school activities. 80% take AP classes. 40% took more than 5 AP courses (That’s more than 1 college semester.)
Back to my busy life.