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 […]

I Think I Did It!

by Mike on February 24, 2014

in Goals

My empty basement room

I mentioned before one of my goals for 2014 is to do a bit of long-term traveling.  But to make this happen, I need to do the following: Automate the last of my bills.  This was probably the easiest of the three tasks for me to complete.  I have the option to pay my sewer […]

Here’s another reader question: First off, thank you for writing a great blog! Easy to read, understandable, and to the point! If you may I would like your input on something. I am 21 years old, getting married this summer and have paid off all student loans and have no debt. My wife and I […]

Ever since starting this blog, I’ve received some really interesting questions from crazy stories of roommates to whacky ideas on converting some obscure place in their house to make some extra cash. In this weeks post, I have a question from a reader who’s thinking about converting his garage space to living space so that […]

My travels took me over the pond to the U.K. last week(Why I went is another story). I stayed in an Airbnb rental with the lack of hotel options in the country side. I selected a place that had positive reviews for the price was I was willing to pay.  I e-mailed the host and […]

Reader Questions Answered

by Mike on January 20, 2014

in Reader Questions

I received a few questions and wanted to share them here. Hi Mike, I just came across your site and I’m glad I did. I’m in the process of purchasing a 2 family house. The second apartment has 6 bedrooms (1 bathroom) and I’m considering renting out the rooms versus the whole apartment to one […]

My Advice Against Their Advice

by Mike on January 13, 2014

in Uncategorized

Just this past week, I stumbled across a post from nerdwallet giving information on how to rent out a room.  The article details 6 basic steps and I want to offer my insight against the advice because it was most likely not written by someone with first-hand experience renting out rooms. The first sub heading […]

2014: The Year of Big Changes

by Mike on January 6, 2014

in Announcement

IMG_3605

Things haven’t changed much over the past 3 years for me. I’ve been living in my basement and renting out the two individual rooms to save money and pay down my mortgage.  In fact, I’ve been living in my basement longer than I have in the “regular” bedroom in my house. There’s nothing wrong with […]