Creating Income From Property on a Farm - A True Story

I would like to tell you a true story about a farmer'sof tenants, and for some years had a tenant firmly
wife called Marcia, who set a goal for herself and withinstalled in the original worker's cottage.
a little hard work and the right spirit, has achieved whatShe lets no place of abode go to waste: the good
many retirees would like... nearly $1,000 per weekcaravan gets rented out over the Holidays at $30 per
income from rentals - without debt. Plus overseasnight, the little brown cottage is offered for rent when
holidays and affording the large farm bills.it's not in use by relatives, and the little flat adjoining the
First of all, how ordinary is Marcia? Well, she doesn'tmain house is offered to pilots in training at about 3
know what ROI means, she doesn't deal much withmonths a time. There is also a shed which was
banks, and she's not a high flyer. She is a farmer'sconverted to a simple flatette (walk to shower & toilet)
wife in rural New Zealand, she is a saver, and she is afor pilots who can't get any other accommodation.
generous person. She also knows her town has aAnd the best part is there is NO debt. While others
ready need for budget accommodation.worry about economic downturns, interest rate rises or
Despite becoming close to bankruptcy and dealing withbusiness failures, Marcia keeps on getting income
a barrel-load of money worries owing to her hubby'sweek after week from the management of her
business debts and spending, she managed to squirrelgrowing community. Even the chooks pay for
away enough for one Caravan ($8,000 + $2,500themselves through sale of their eggs to the local
transportation fees) and one relocatable brownshop.
cottage ($10,000 + $2,000 transportation fee). AddingAnd I can tell you for sure that this is a true story,
to this, over time she instigated additions to theirbecause.... Marcia is my mother... good on you Mum.
growing farm community - giving up a garage andI hope this story has inspired land owners to reframe
building a granny flat on one end of the main house,any misfortune in farming and look around at the
with hubby's labour turned a tin shed into a nice poolopportunities in your town for providing
flat, spruced up the old workers 'bach' and had a runaccommodation or farmstays.