Ok quick update.
Town is shut down to foreign tourism which means the town is dead.
Almost all business are closed and the streets are ghost town.
The vacation rental platforms offered unprecedented cancelation policies to their guests, basically 100% no questions asked refunds.
This meant that I lost almost all March and April bookings, basically 18k of income lost in less than 10 days which was brutal.
Kids school is canceled but thank god their school set up an awesome online classroom quickly and I actually think they are gaining more from that then from physically being in the class room. The problem solving skills and thinking are taking a pretty significant leap IMO.
With the quarantine that has meant way more family time which is awesome/ horrible at about a 90/10 ratio which is fine by me. Basically some combo of doing puzzles, reading, watching movies, pool time and projects.
I have been spending my time doing the following things since I last posted 2.5 months ago.
Rental Work:
Losing all that income was something that caught me off guard but with all the free time I was pretty quick to respond. I gave all of the apartments/homes a deep clean and with 0% occupancy was able to get a lot of small repair work done that had needed to be taken care of for a long time. I'm not super handy but its pretty amazing what can be done with Google and unlimited time. I also did some nice cosmetic stuff
Rooftop Deck, fresh paint job, new table cloth
I also had to try to recoup the lost business, which basically meant listing in way more places and hustling with the rental pool that was already here in Cabo, since no new people were coming in. There was a surprising amount of people already here and instead of going back home decided to quarantine here or work remotely. I got some really nice tenants on month to month leases which was a nice bandaid. By no means did it replace the really nice night to night income but it was enough to pay the mortgages and overall I'm happy with how we responded under difficult circumstances.
I posted a lot in FB groups and Craigslist which meant I was getting about 20 responses a day the majority of which were not viable candidates for my places. So I started passing all contacts that didn't book with me to my friend who is a property manager and got some 50/50 commission splits on the people he converted into renters for his clients. Not a ton of $ but during this time every little bit seems to matter. In Spanish there is a saying about a lot of "little drips of water" meaning a lot of little income streams adding up to a river. So these are some new little drops.
Writing:
I wrote a long post on a short term rental and real estate investment forum and got a lot of interaction. So I published the same story on Medium.com and it got some views also. Medium pays you if people that are subscribers read your work so I wrote some other articles about vacation rentals in the time of Coronavirus and am making about $20 a week from it
But it also motivated me to start writing a little "how to survive down markets" book on short term rental that I am now almost 20,000 words into. I'm really enjoying it and posting excerpts in the forums and on Medium as I go which is 1. helpful for other people in tough spots and 2. good for me to gauge what people are interacting with. I think I will be done within a few weeks, time permitting, and will probably self publish on Kindle. I know the expected return on these self published books isn't amazing, but I have unlimited time right now, I have a lot of experience and knowledge on the subject and its an evergreen source of income. + I am really enjoying the process of waking up and writing a few thousand words per day. But again, Drops of Water.
Wife's New Business:
My wife has always made Kombucha at home for us and with the quarantine in effect and our supply chains a bit effected on items from the states, she had some people asking her for bottles. So.... she decided to order some bottles and start producing in larger quantities. I helped her with the ordering and with some Facebook advertising stuff and she sold the first 60 bottles out in about 2 days
It was really cool to see her so excited and our girls helped too which was a great project for them as well. They sold before we even had the labels printed. The production is small right now, she can make about 100 bottles a week but if the demand continues we might expand. The markup isn't great as her niche is "all organic" which is expensive and she doesn't want to price outrageously during the quarantine. But this might be something that we continue after if she is still enjoying doing it.
Final stage of production
The Label, my wifes name is Patricia in spanish a lot of people call her Pato (short for Patrico) and pato also means duck. Hence the pretty Pato
Home Projects
Mostly just planting a bunch of eatable things and trying to turn our sandy soil more fertile. In the backyard we planted squash, carrots, peppers and in the little planters in front nopales, watermelon and tomatoes.
Eatable Cactus, nopales
Tomatoes
Building the fence to the mini farm to keep the dogs out
Poker:
When it became clear we were going to be quarantined I pretty quickly realized poker was going to be the best source I had to make money. Unfortunately in this country none of the debt has been paused and the government has done almost nothing to ease the burden on property owners/ business owners etc. All taxes, utilities are being paid at the same rate and all bank debt as of today is still due. Meaning, income had to be produced.
I had standing invitations to join a different clubs so I just shopped RB and chose the person that I trusted the most that was running a club. I don't really trust anyone and have been trying to keep as little money as possible on the apps. But up until this point, transfers and cashouts have been doing amazing quick and efficiently. So far so good. I hopped in the games with a $1000 roll and pretty quickly ran that up just taking 20 BI shots at the games. I'm now pretty much playing only 100NL and PLO or bigger with a lot of PLO 4/5/6 08 mixed in. Up until this point I have been cashing out almost daily and just keeping the roll small online, no more than 5k at any point, which makes me happy.
I'm trying to play 40 hours a week and I really feel like I stumbled into a goldmine. I don't think it's smart to hype the games too much but I'm sure that the majority of people reading this are playing anyway. I played 30k hands or so on 888 but it honestly just wasn't worth the effort. When 100NL on apps is playing like 10NL on the major sites I definitely now see the appeal of the apps.
I'll post one hand from yesterday at the anonymous games that kind of shows what I'm talking about. I was playing on my phone waiting to do
a check in at one of the rentals and almost leaving the game because nobody seemed to be getting too out of line and then this hand happened.
120bbs deep, Villain opens HJ 3bb, I 3b CO 10bb, he calls.
Flop comes 676ddx, I cbet 6bbs he rips 110bbs we call expecting to see a lot of combo draws and get shown the J7hh. Run it 3 times and hold all 3.
The amount of gifts I have been given in this exact manner are just mind blowing. The quarantine is really just putting people in the mood to punt. I've been trying to play as many anonymous games as possible and mix in some other stuff on the side as well. I really haven't enjoyed playing online this much in a long time. Long live poker!
I have been playing all on my own roll this time but having to constantly cash out money means I'm pretty capped at playing up to 400NL without taking massively risky shots. I reached out to a very good player I know here in Mexico, that has great connections in some of the private games online and asked him if he wanted to put me in to some of those games. We are still figuring it out but are definitely going to do a 2-3 week trial period on his dime in stuff up to 1k NL and then decide what we want to do moving forward. For obvious reasons I won't be posting about that here much but it's something that I'm quite excited for.
Coaching
I also took on two students that had been asking me for coaching before the quarantine. They are both absolutely awful so it is a slow process of starting basically from worse than 0 because they have so many bad habits. Both of these guys play in the live games for a few years, but with no sign of the live games returning I don't feel so guilty earning an hourly rate and really helping these two improve. I have also really enjoyed the coaching and having to simplify everything is actually a really effective tool for me as well. They both have a bit of money so the hardest part has been to get them to take 10NL online seriously. They both want to play bigger stuff but are drawing dead to win so I've been trying to get them to play smaller for awhile.
So in my usual fashion I managed to turn a quick post into a novel, but it has been over 2 months since I last updated. Overall I feel pretty lucky with quarantine life so far. I'm going to go and catch up on some of my favorite PGC's right now and see what people have been up to. Online poker feels so alive right now it has been really fun. As always thanks for reading, its always nice to spill all my thoughts.