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Easy House Hack, No Property Required!
Question: What’s worse than waking up at 3 AM and stepping, barefoot, into a puddle of your own diarrhea?
Answer: Waking up at 3 AM and stepping, barefoot, into a puddle of your neighbor’s diarrhea.
This happened to me while staying at an Airbnb once. A pipe burst in the upstairs neighbor’s bathroom, and brown sewage water leaked through the ceiling and onto my floor.
Obviously gross for me, but also a huge headache for the property owner who had to file an insurance claim and repair the damage.
This leads into today’s topic: House hacking.
For those unfamiliar with this term, here’s Forbes definition:
House Hacking is a strategy that involves renting out portions of your primary residence to generate income that is used to offset the cost of your mortgage and other expenses associated with owning a home. When done correctly, it allows people to live in expensive areas completely for free, or even generate positive income through home ownership.