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by nikkwong
3 hours ago
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I'm the OP—just chiming in, I can just hardly live off the rental income I make, but its a lot less than my salary as a senior SDE. Yes what I am is not analogous to someone renting out a few extra rooms. I just think my experience is analogous to that of a small time landlord in that I know each tenant very well and we have good relationships—and I manually handle each part of their tenant experience. To add more detail, I share a bedroom in a 25 bedroom house that I own, which accounts for a bit more than half of my tenants. |
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there is a large gap between "can live off of"(my words) and "a lot less than my salary as a senior SDE"(your words). If you're making more than the median household income which based on the fed numbers is ~84k/yr[1] you've crossed the line past small time landlord. You may be making less than that, but I am going to be surprised if you are with ~55 tenants.
[1]https://fred.stlouisfed.org/series/MEHOINUSA646N