My apologies for the lack of updates. I know I’ve been in MIA party because I’ve been lazy and party because I’ve been busy. Still there’s no excuse when you have a blog.
I’m still a “live-in landlord” kind of. Let me explain….
I returned to work last November 2016 in an engineering capacity after riding the world like a merry-go-round. This new job was an 1-hour drive from the property I own. An hour commute by any standards isn’t a fun. To ease the commute, I rented a room 10-minutes from this job, which I’ll call job A. Job A was alright, it wasn’t exactly the type of work I was looking for.
Needless to say, I only lived at this place for only a few months because I found a more interesting line of work at a place called job B. However, this job B was located on the opposite end of the state. Again, to ease the commute to job B, I’m currently renting out a room from another “live-in landlord.” I’ve been at job B for a few months and so far I have no complaints on job B nor about the place I’m renting from.
In between job A and job B happened to be the summer time. It would be completely irresponsible of me, if I didn’t take some time off to travel because who wouldn’t want a month off?
I ended going to the Dominican Republic to kite surf and travel around Israel before starting the new job in the fall.
This brings the question what I’m doing with the property that I own?
I’m renting out all the rooms like I was doing while I traveled the world. I don’t live at my property full-time with my tenants so I can’t be called a full-time “live-in landlord.” I make overnight visits to my property to check upon the roommates/tenants at least one weekend a month.
Life without me being a “live-in landlord” is working out well. I’m only an hour or so away if there any problems. There are a few challenges or annoyances that get in the way.
I think I’m going to keep this scenario up for the foreseeable future because this guy doesn’t like to loose money. Meaning if I decide to sell this place, I can’t get what I paid for it.
There are challenges in keeping this going and that’s keeping it clean and keeping the wear to a minimal. Here’s a picture of the bathroom tub after 3 months of use without anyone lifting a finger to clean it.
Also, I have to deal with absolute laziness. See the following picture on how my roommates replace the toilet paper roll in the bathroom. it’s complete laziness.
Unoccupancy is expensive and cannot be recovered. My battle is to keep each room 100% occupied. I’ve been able to keep the rate in upper 90th percentile. I touched upon the unoccupancy rates I had with each of my rooms here.
I’m grateful to have traveled the world like I did in 2014 and 2015. Without renting out rooms, my goal of traveling the world would not have been possible. I receive e-mails from readers stating what their reasons are for renting out a room.
I’ll be on the hunt to replace one of the roommates/tenants in the room coming in next few months. I’ll make an update on that.