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Registered on:10/31/2014
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re: Rent Hacking Plan, Help Me Evaluate - SaintsTiger
Thanks for the substantive replies guys, sincerely. Some good points were made. As far as the posts that assumed I was an Uber driver, wouldn't qualify to rent housing at all simply because I'm self-employed, interpreted a quick reply about needing to do accounting as if I hadn't done any at all...
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re: Rent Hacking Plan, Help Me Evaluate - SaintsTiger
[quote]I’m oddly fascinated by it based on the OP’s responses. On one hand, he’s self-employed with 7 good years of revenue, he rents out an office, and has a go-to CPA. On the other hand, he thinks he’ll QUALIFY for up to $2,000 in rent (3X gross income; $72,000 annually) to the “accounting” ...
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re: Rent Hacking Plan, Help Me Evaluate - SaintsTiger
[quote]I pretty much immediately quit reading/listening as soon as I see/hear it.[/quote] But you kept reading long enough to know to post this :cool: ...
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re: Rent Hacking Plan, Help Me Evaluate - SaintsTiger
[quote]On top of that, he somehow needs to do “accounting” to figure his gross income in a nearly finished year to determine if he can merely afford something. I would think a successful business owner, would at least know that differences in expenses could make what is affordable completely differe...
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re: Rent Hacking Plan, Help Me Evaluate - SaintsTiger
[quote]You’re trying to save costs by increasing your rental expenses by at least $300 a month, with $1,800 in upfront costs, and with an $4,500 emergency fund for this plan alone. Plus all of the work trying to find a place to fit your needs, that allows subletting, and then all of the work setting...
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re: Rent Hacking Plan, Help Me Evaluate - SaintsTiger
[quote]I’m glad, and honestly a bit surprised though, since you’re currently seeking advice on a message board about some idea you got from FACEBOOK, but dismissing most of criticism and suggestions as either not relevant or incorrect. But now that you’re shown the he factually incorrect, you’re all...
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re: Rent Hacking Plan, Help Me Evaluate - SaintsTiger
[quote]Business Use of Your Home quote: For use in preparing 2018 Returns quote: Your home office will qualify as your principal place of business if you meet the following requirements. quote: You use it exclusively and regularly for administrative or management activities of your trade or bu...
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re: Rent Hacking Plan, Help Me Evaluate - SaintsTiger
[quote] Your response tells me you don’t even understand what the responses are regards of subletting. So you’re probably also overlooking a ton of other shite too. Roommates typically go into a lease together. Subletting is you setting terms to a rando from Craigslist. Unless your lease say you...
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re: Rent Hacking Plan, Help Me Evaluate - SaintsTiger
[quote]Unless it's essentially a necessity (e.g., super expensive city, really short-term need immediately, no other place to rent), I would never choose to share a space with someone I don't know, unless it was maybe a super good deal (which would raise red flags probably). So what is even the l...
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re: Rent Hacking Plan, Help Me Evaluate - SaintsTiger
[quote]It sounds like you're more like full-time uber driver though, than anything else. Because other than a mobile-type job, I can't think many other self-employment situations where you would not be making enough where you would to set-up that arrangement when instead turning a portion of it i...
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re: Rent Hacking Plan, Help Me Evaluate - SaintsTiger
[quote]That's great for you, and I am not doubting it. I'm just telling you that if I owned a rental property and was looking at prospective tenants, I'm looking for someone with a consistent, reliable and predicable income to protect myself. While it is certainly possible for a single, self-empl...
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re: Rent Hacking Plan, Help Me Evaluate - SaintsTiger
[quote]Can you stop calling it rent hacking and start calling it subleasing? That's all you're doing. There's no hack about it. You're just taking the responsibility and liability of a lease agreement for a full property and subleasing part of the property to a third party. The concept has been a...
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re: Rent Hacking Plan, Help Me Evaluate - SaintsTiger
[quote]Your lease would have to allow a sublease.[/quote] Good point. I'd be straightforward with the landlord and take full responsibility for the lease term. I think roommates are pretty common. ...
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re: Rent Hacking Plan, Help Me Evaluate - SaintsTiger
[quote]What would happen if you had to pay for 6 months without roommates? Would you be able to afford it? Is this an area people really want to live? Single/Engaged/Married? I'm guessing single, but you never know Do you know what you qualify for?[/quote] Single, in my 30s. Probably would quali...
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re: Rent Hacking Plan, Help Me Evaluate - SaintsTiger
I got the idea from Facebook marketplace while searching for regular rentals. All of the good roommate ads seem to go very quickly. Search "roommate" on there and you will see. I probably wouldn't post anything on Craigslist. To mitigate the risk I'd rent a house in a high demand area. I do have a n...
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re: Car advice - what would you do in my situation? - SaintsTiger
Sounds like a solid plan to me, especially since you're big on preventative maintenance. Another way to keep your repair costs down is to order the parts yourself and hire remote mechanics to come work on your vehicle onsite. I've had good success finding people on the Craigslsit services section. T...
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re: Rent Hacking Plan, Help Me Evaluate - SaintsTiger
[quote]good luck[/quote] Thank you!...
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re: Car Suggestions - SaintsTiger
Never heard of mechanical breakdown insurance. Sounds like a decent deal. Why not buy your next vehicle from an individual rather than a dealership? The individual doesn't have overhead and commissions to pay like the dealership does so you'll get a better deal. And presumably you'll get a fair ...
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re: Residency challenges—has any state ever gone after you? - SaintsTiger
[quote]NY goes after my clients all the time. Tax man will show up at their NY apartments checking expiration dates on food, looking at your clothes in closets, checking cell phone records, etc. it’s really aggressive up here.[/quote] Wow!...
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