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 […]

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 […]