Hook

Their other posts in the index, biggest breakout first.
let's talk about the personal finance side of why I don't profit off of rent as a landlord. To recap, when I first bought this duplex to live in, I thought there was potential to have rent at least decrease some of the housing expenses, but the numbers ended up being different and I'm okay with that. I realized I have the privilege to offer semi-affordable housing and I guess this is a hot take because some people are like wishing financial ruin on me when I say I can afford this. The rent covers their electricity, water, sewer, insurance, internet, cable, pest control, maintenance, repairs, requested upgrades, permit fees, extra property taxes, and part of move-out costs. I give the full security deposit back because honestly, I have no idea what the condition was originally. Any leftover I had, I already blew through just doing repairs. So why am I okay with this when I'm out here breaking my back and blowing through money renovating this unit? No, I'm not secretly wealthy. I would pay someone else to do this if I could afford it. 1. I just don't need rent as a stream of income because I have other jobs, plus I'm a part of a dual income household. 2. This house and documenting my first renovation in 2022 is what blew up my TikTok and allowed me to monetize content. I use the money to pay for the renovation, my family for helping out, bills, and loans. 3. I have put a lot of my own money, time, and labor into the house so I view all that as I'm investing because there will be a profit when I sell the house one day. A lot of people are against this. They feel like housing is a business so it has to be run a certain way. I literally went to business school, did the whole maximizing shareholder value thing, and I'm here to say that when you run your own business, it's a part of your personal finances so you have the power to take a personal approach to it and this is mine!