House Hack Update

[Anthony Swain]

Hey BP gang, 

I wanted to check in to give a house hacking update. Our recent mid-term rental guests moved out and left the place immaculate. *wipes sweat off brow (THANKFUL).

 It was a solid five-month booking, so it was nice not having as frequent turnover with shorter-term rentals. I think "mid-term" rental guests tend to take care of the place a little more since it's a little home away from home. 

We raised our monthly rate slightly and were able to lock in a $2700/month booking to start this month. 

This leaves us with a little over $1000/month for our housing costs split between my wife and I. 

I'm sharing this to encourage others that house hacking is possible even in a growing/desirable city. It can be a great option to subsidize your housing costs, gain appreciation, and benefit from someone else helping to pay down your loan. 

I'd love to hear from other house hackers. What has been the biggest benefit and/or the greatest challenge?