I will always rent out my house on AirBnB when I’m out of town because it’s such an easy way to cover the cost of the trip. No matter how dirty things are when you get home, you can scrub things down and clean them well. If things break, guests will usually pay to replace them, and I keep my valuables and important breakables safely hidden/locked away. AirBnB takes the guest’s money up front when they book and directly deposits into my account the day after they check in, protecting us both. AirBnB does a great job marketing. They also do a great job with conflict resolution. See AirBnB’s insurance policy for more details on how they help protect their hosts.
The Living Room Evolution
When I moved down from Michigan, I had sold my house and most of my belongings. Rather than carry them across the country to a new home where the décor may or may not work, I decided it would be far easier to let it all go. That meant that when I closed on my new house, I had next to nothing to put in it.
Buying My Second House
My move from Michigan to Florida felt both exciting and terrifying. I considered renting for a bit, but my preferred lifestyle choice is home ownership.
My First House
After graduating college in 2012 and finding my first job, I kept living in my mom and stepdad’s house for about half a year. I took advantage of the opportunity to save as much money as I could. I first paid off my remaining debt, including the rest of school costs and a small wardrobe for my new professional career. Then I focused on setting up my 401k and building a mini-nest just to get it moving. After, the house fund was started. I bought the house in June 2013.
To Rent or to Buy?
Owning a home is a lifestyle choice. A house is an expense, not an investment. It’s expensive (often a money drain) and time consuming. If you are living there, it is NEVER an investment. The housing market is not guaranteed to keep up with inflation, and you may even have to pay extra money to sell if the market tanks and your mortgage is underwater.
Tips for Traveling Solo
I genuinely enjoy traveling alone. It allows me complete control over every aspect of my trip, from date flexibility to the experiences I have. I am better able to maximize spending for my personal happiness, even though there is no one to “cost-share” with. If I’m not enjoying an activity, it’s ok to just move on. I can go to bed and wake up when I want to, and I’m the one who sets the pace of the day. I don’t have to wait around for my companion to get ready or pack up. It’s a chance to really learn about new cultures since I’m focused on the world around me instead of my companion. I actually find it easier to blend in with the crowd. It makes the trip so much more personal, and it’s immensely satisfying to know you don’t have to rely on anyone else to get where you want to go.
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