Renting out Room Lengths

I’ve been renting out my rooms for nearly eight years and over those years, I had 14 different roommates. All those roommates have rented a room for varying lengths of time. On one extreme, someone has rented a room for 43 months while others have rented for as little as three months. I want to […]

I’m writing this post as I’m sitting in the airport in D.C. waiting to board my flight to South Africa where I’ll explore some of the continent and climb Mt. Kilimanjaro. Needless to say I’ll be in and out of e-mail and phone contact, yet I’ll have a roommate moving out and hopefully a new […]

Some folks have e-mail me asking me if I plan on continuing to blog. The answer is yes. I’m grateful for all the folks that read what I have to say. I think the support and questions I receive are encouragement for me to keep blogging. Back in March I quit my job to travel […]

Here’s a reader question I received a week or so ago: I am somewhat considering this undertaking. By my first question, you may immediately say it is not for me.   However, I like the thought of paying off student loans.   Is there ever an arrangement where you can rent out a room with kitchen privileges, […]

Electric bill for 2013

As most of you know, I left my full-time job to travel in March of this year.   The freedom has been great, but there is still anxiety of taking care of my house while I’m gone. I wrote about some actions that I do, but I’m still fairly limited to what I can do from abroad. One of […]

Sydney Opera House and Harbor Brdige

I left my job to travel full-time and it’s been great.  I spent a little more than 2 months abroad.  During those times, I spent about 2 weeks in South Korea with my cousin and the rest of the time was spent traveling around Australia. The feeling of having freedom is awesome.   Everyday is different […]

Renting Out a Room Builds Credibility

by Mike on May 12, 2014

in Tips

Wallaby

Hello from Down Under! The freedom I have with the absence of a full-time desk job has been great!  Everything is going well with my house as far as I know. My roommates have paid the last two months rent on-time and in-full. I’ve been able to pay all bills electronically. I have some friends, […]

Seoul

My definition of a “live-in landlord” is someone who lives in their own house and rents out the individual rooms to roommates.  Contrast this to a typical landlord who rents out the whole dwelling while residing in a separate dwelling. I’ve been renting out my spare rooms for quite sometime and one of my goals […]

couple

This is a guest post from my friends at Zillow.  One of their employees had experience sharing a house with the opposite gender and I thought she could shed some advice on how to go about it.  She was restricted to Zillow’s publishing guidelines so she couldn’t go into the more personal details. ###Enter Jennifer […]

I stated that one of my goals for 2014 is to do a bit of long-term travel and see the world. Besides leaving my job to take on this goal, I need to replace myself in my house so that my real estate asset can literally pay for itself. To replace myself, I could have […]