Creative House Hacking: Turn Your Primary Home Into Multiple Income Streams

Stephanie Huynh (00:00)
traditional house hacking is that you typically buy a duplex. I think we all know that. And then you rent out the other one. Renting out the other one helps subsidize your living costs and it’s able to help you afford your mortgage and things like that. The way that I have h house hacked my home is that I actually made it into its own DIY triplex. I separated out the living quarters. I still have the main portion of the home, which I have completely private to myself, but I’m booked out on Airbnb ninety five percent of the time. Like that’s give or take my occupancy rate for both of the units year round.

And so far in my best year, I’ve made up to $75,000 just from renting out guest bedrooms, along with renting out the main portion of my home, which I realize from other properties I’ve owned. People are in dire need of spaces for events, parties, photo shoots, productions.

Dylan Silver (01:32)
Hey folks, welcome back to the show. Today we’re joined by Stephanie Huynh, a Las Vegas-based entrepreneur who has unlocked additional cash flow through her primary residence and helps others do the same in order to creatively afford a home and build their wealth. Stephanie, thanks for joining us here today.

Stephanie Huynh (01:51)
Thank you so much for having me, Dylan. It’s a pleasure.

Dylan Silver (01:54)
Now, where can homeowners start to unlock cash flow in their primary residence?

Stephanie Huynh (02:02)
So fundamentally, I often work with my clients and tell them that they’re not looking. I I guess the the more mainstream way to say this is like you’re not thinking unhinged enough. I think that traditionally we’ve been taught like your primary home is where you live, that’s it. And truly it is our largest expense. Everything typically goes to the home, and nowadays more and more people are saying their house poor. I have more and more of my friends telling me I’m enjoying my mortgage. They never leave their home because it’s really the thing that’s eating up all of their excess funds.

I think to begin monetizing your home and using every single square footage of it to really work for you, I think that your home is an asset beyond the fact of when you sell it or using a HELOC or anything of that matter. It’s something that once you tap into the more creative aspects of your brain, you can really start seeing it as a money-making machine, which is how I have maybe five different lines of business that come out of my home and I’m still building more because I see the possibilities every single time.

I work with the different clients and then seeing what else I can do for the next property, which is what I’m building towards currently, to build out so that it continues to make money for me while I own it, while I live in it, if I decide to move there or to stay in the one that I’m currently at.

Dylan Silver (03:15)
Now, when folks are thinking about monetizing their home, you know, immediately what comes to mind is house hacking, but I have a feeling we’re talking about something different here. On a granular level, what does this look like?

Stephanie Huynh (03:29)
So traditional house hacking is that you typically buy a duplex. I think we all know that. And then you rent out the other one. Renting out the other one helps subsidize your living costs and it’s able to help you afford your mortgage and things like that. The way that I have house hacked my home is that I actually made it into its own DIY triplex. I separated out the living quarters. I still have the main portion of the home, which I have completely private to myself, but I’m booked out on Airbnb ninety-five percent of the time. Like that’s give or take my occupancy rate for both of the units year-round.

And so far in my best year, I’ve made up to $75,000 just from renting out guest bedrooms, along with renting out the main portion of my home, which I realize from other properties I’ve owned. People are in dire need of spaces for events, parties, photo shoots, productions. And so creating a space that I not only that I can enjoy to live in because ultimately we still want to enjoy where we live in. If you’re gonna invest in it, it might as well be paying you back. And finding out those different platforms like Peerspace or Gigster or even advertising it word of mouth to your friends and family, hey, you can rent this from me. And then typically it’s friends and friends who need a space for like a child’s birthday party. You make a couple hundred dollars. Now your home may not replace your nine-to-five income the way that it’s been replacing mine for my personal methodologies. Because I think that most people when they think about this process, they think, well, that’s my stuff. And I’m like, well, that’s the thing that’s keeping you stuck because you think of it as mine, but instead you should think of it as kind of like you think of an investment in a stock portfolio. Like your stocks are yours. But technically like the moment you sell it, that’s gone. The moment you rent it out, it’s not yours anymore. And I think like by creatively thinking in a different way, that’s how you like settle in and find those different streams of revenue of income. So because like I mentioned I do Airbnb, Peerspace and Gigster. But now I’ve added also like Swimply and Sniffspot. All these things require very little maintenance on my part. I would say is the most passive form of income that I have right now because I still work my nine-to-five mostly because I like that extra pump and reliable income. But if I really wanted to, I could quit my job just because it’s being sustained by like my home.

Dylan Silver (05:42)
Now, when we talk about being able to divide up your home and rent out certain rooms, put them up as short term rentals, right? Does this involve doing additional, you know, changes to the home itself, some of the bones of the home, or can you, you know, list the home in the condition that it is if you purchased it brand new?

Stephanie Huynh (06:03)
I think it depends on your personal level of privacy that you desire. I’m actually surprisingly, much to people’s surprise, I’m a very private person. I don’t actually like sharing space with people, even though I rent out literally everything I own. I don’t see a single thing that I own as something that I cannot rent out. I’ve rented out my motorcycle, my car when I’m not using it. When I’m on vacation, I list my car on Turo and it gets rented out while I’m gone. So that I’m making money on something that would normally be sitting there. And for the way that I purchased my home, it was a fixer-upper. And I knew that it needed work but I saw the possibilities and I knew what I could do with it. But if you desire if you don’t really care about sharing space with someone, I know another person in Las Vegas, they rent out a bedroom in their condo. They rent it out for give or take $125 a night and they’re booked most of the year. There’s a lot of people in this world who are actually craving that connection. And I’ve even run into some of my guests who tell me they miss the days when Airbnb was like you actually met someone, you had a conversation and you were actually able to be given an opportunity to build a human connection as opposed to like these very like cookie-cutter Airbnbs. And so to answer your question as a whole, it really comes down to like what your personal preference is. For me, I built I made different exterior entryways for each of those units by adding a door or just like reconfiguring my home a little bit with very minimal cost. And I also did it that way to make it legal to get my business license because, mm-hmm, as we know, Airbnb is becoming a stricter business model. Airbnbs are now being treated in a lot of cities as a hotel. So you do need to get those permits such as like the fire marshal write-off. We need to make sure that everything is permitted and all the changes in your home. There’s all these steps that you have to go through now. But I do think they’re worth the effort to make sure that you can keep on running your business without any issue, particularly in Las Vegas.

Dylan Silver (07:53)
Something that we see a lot on this show here is people investing in some alternative asset classes. Something that’s come up quite a bit is using, you know, the existing land area that you have on your home to put maybe an ADU on your property, an accessory dwelling unit, and rent that out, you know, a mother-in-law suite, if you will. What’s your thought on that? Does that have any, you know, play in the same arena that you’re talking about here?

Stephanie Huynh (08:19)
It definitely has play. Like I know personally that more and more people just want to rent a space. Like I said, you might even make more money with less work. Instead of an ADU, you installed like a very aesthetically pleasing glasshouse or greenhouse, which there are multiple examples on the internet you can look up where people have replaced like full incomes just by renting it out for events and you don’t have a permanent person that lives with you. Like for me, a lot of people would make the arguments like, well, you could just get a roommate and you wouldn’t have had to go through all this issues like, yeah, but I don’t I don’t like sharing my space. I don’t like seeing people. I think there again, you have to be really creative and kind of see your space as an alternative. Again, there is value, I think, in the ADU concept because there are some people that don’t want the hassle of managing clients because that’s a more active business model, but on the other hand, you make a lot more. So I think it boils down to your personal preferences and how involved you want to be and how much privacy you want to have.

‘Cause with Peerspace and Gigster, things like venue rental platforms, you’re looking at a couple of hours where someone is like using your space as opposed to being there all the time. And as far as I’m concerned in Las Vegas, there are now legislators that are trying to make it illegal to rent out your ADU as a short term rental as well. If it’s not attached to your single primary home, it can’t even be an investment property. You have to live on property as of right now, at least in unincorporated Clark County, which is a majority of Las Vegas, and similar laws are in place for other counties in the Las Vegas area. And you know, currently I’m in Jersey City, which I’ve looked into the city as well because I travel a lot here for work and personal reasons. Short term rental laws are becoming more difficult. They would not allow you to have an ADU on your property. Like let’s say you had a backyard in Jersey City, you built a little ADU. You used to be able to rent it out. Now you can’t do that. To get a business license to operate, it would have to be like a room within your primary residence. So I do say that it could be a good avenue to make money. But also I tell people who ask me those questions, take in mind like it is also up to your tolerance for risk, right? In Las Vegas, the fine for an illegal short-term rental is a thousand dollars a day. And they can and will subpoena the records from Airbnb themselves or VRBO if you do like these repeated offenses. So if you built an ADU with the full intent of getting that money back, a full function ADU I would say runs in the fifty to a hundred and fifty thousand dollars, depending on how nice it is, or the existing plumbing and electricity exists. If you’re counting on that money to come back because of short term rental, just be mindful of the local laws because you may not be able to make that back for a very long time. ‘Cause you I would see on average in my experience, you make two to three times less doing long term rental as you do to a short term rental. It’s just the way that the economics work out.

Dylan Silver (11:03)
Now you mentioned you’re in Jersey City. New Jersey?

Stephanie Huynh (11:06)
Yes.

Dylan Silver (11:07)
So you go between Vegas and Jersey City. I’m actually from North Jersey originally. I’m almost surprised to see how nice and floral it is. I have to know what area of Jersey City you’re in, because sometimes you go through Jersey City, it can be a little bit, you know, rougher around the edges. So when you’re balancing two different, you know, locations, geographic markets, styles of life, does this make it more challenging or potentially less challenging to be managing properties this way?

Stephanie Huynh (11:35)
I think if you have good systems in place, and I will say this with any of my businesses that I’m currently running or starting, is like good systems in place are key. Like everything in my home is automated as much as possible. I hire an on-call assistant to be there for events or rentals. Like I had a a commercial shoot at my home yesterday for seven hours, and I hire my assistant for the day to be like, Hey, I need you to handle it all for me. Let them in, brief them, handle any on call situations that need to be handled and then come back walk up and that’s it. And for the most part, very hands off. I would say that it doesn’t make it any more complicated to be remote as on-site. It only makes it easier because of course, as a perfectionist as I am, I want to be there to make sure that everything is handled appropriately and to my standard. But it can be run remotely if you have the right people hired, especially.

‘Cause I also, you know, I have a lot of other real estate investor friends that are in the Las Vegas area and they do co-hosting of Airbnbs. And they say like the number one thing that has allowed them freedom of their time is hiring the right team and having the right systems in place. Also just letting go of control that you cannot control everything. It’s not possible, especially when you’re running like a multifaceted business. And everything and I think that every entrepreneur and every investor can back me up when I say this. Like nothing is a guarantee, not everything is gonna go smoothly. It doesn’t matter how many systems you put in place. I tell people it’s like I’ve even with all the different lines of business going through in my home. And it doesn’t matter how many manuals I make, doesn’t matter how many follow-ups or like briefing calls I do, sometimes things just go wrong. And then you handle it on the fly. So I don’t think that like traveling should really impact your business operations if you built it out really well and succinctly.

Dylan Silver (13:22)
Yeah, and I’ve heard people say, well, this isn’t going well, but I’m a real estate investor, we’re gonna figure this out. You know, it applies to almost every segment of your life because if you’re dealing with so many spinning plates in the air, it kind of becomes the new normal. That mindset shift though can be challenging. You alluded to it earlier on, talking about how folks, you know, really take a sense of identity, a sense of self in their space. And going from that to now splitting up the living space can can be challenging for folks and you know, when you’re going when you went through that yourself and then also coaching other people through that, what are some of the common, you know, hang ups or obstacles you see?

Stephanie Huynh (14:02)
Hang ups I have is that you know for women, particularly it’s safety. And I tell them there are ways to make sure that you stay safe. There are ways precautions that you can take that are not extreme. And most people I would say it’s like we live in a world that’s consistently terrified of every single horrible outcome possible to a point that I believe a lot of people are frozen by their fear and they’re not willing to take some risk to potentially have a better upside, right? I, you know, I had on my social media, I had a video. I’m now partnered up with Murphy Door because I use Murphy Doors to separate my home. I built a custom one that essentially just blocked the hallway. And you can open it up because I didn’t want to permanently close it because I sometimes have guests of my own. I want to keep that space and I don’t want it fully sectioned off when I have people visiting and things and telling them, like, you know, it’s more so I think your brain getting the way to tell you that you can’t do this for X, Y, and Z reason. There’s always gonna be a reason not to do something, that it costs too much money, that there’s too much risk, that it’s dangerous. And then I remind them back in the day in the 2000s, or at least when I was growing up, you used to look for a roommate on Craigslist. And it was totally fine. I’m sure there were situations where they didn’t end up well, but I was like, most people are I wanna say I err on the side it’s like most people are good people and you’re not gonna run into any problems in that regard. So I think like because most of my clients are all actually mostly single women who are trying to become financially independent and like get in control of their real estate and or get started in real estate, that’s usually their challenge. It’s like, it’s just like, you know, the personal space issue, the safety issue. And I’m like, but how much are you really home anyways? If you want to live a really full and eventful and productive life, I would say most of my best things happen because I left the home. All the opportunities I had, it’s like, so what what is your attachment to this place, other than the fact that you know, you live here? Because the whole point of making more money is so you have more freedom of your time to do the things that you want to do. And I paint the pictures like it’s a Tuesday and I took a flight in the middle of the day. I’m allowed that kind of freedom because I have worked I took smaller risks that were calculated. Some of them were bigger, but also understanding that there’s a specific payoff that you’re looking for. So I think that’s typically like the mindset. It’s it’s more of like, and I think any gender, no matter what you are, you have like the limiting mindset. You don’t know it’s possible until you’ve done it. I don’t know any woman that felt like they could buy like their second property until they bought their first one by themselves. And the same with any man. It’s like buying a home, like you said right now, it’s like you’re hitting the low four hundred thousand for any decent home in America. And back in the day, a hundred thousand dollars when our parents were making it in the nineties is now equivalent, they say, to over three hundred thousand dollars because of the rate of inflation and everything. So I think that it’s a major and accomplishment that once you get past that limiting mindset that you can’t do it for X, Y, and Z reasons, that’s when you actually start to delve more into investing and thinking that you can take more risks that will ultimately lead to more payoff.

Dylan Silver (17:03)
You mentioned Murphy door and I hadn’t heard of this and I know this is gonna be a gold nugget for us. What’s what’s a Murphy door?

Stephanie Huynh (17:10)
So a Murphy Door, you’ve probably heard of it. It’s like they originally came out with a Murphy bed, which is like a hidden bed. They use it as a, I guess you want to say a catch-all phrase for any company that makes them, but there is a specific company by Murphy Door. And I actually just signed a partnership with them because they saw the way that I was using their doors in a novel way that they wanted to me to work with them to kind of like advertise it in this way, which is creating it’s a door that looks like a bookshelf. And so I used it to create my like to separate my home into three different sections so that my guests would feel like it was more permanent, but it also gave me a way to still keep my home intact. Because I had so many contractors who came by because I had this idea. I want to rent out two of them because I’m not using two of them on a consistent basis year-round. There’s very few times in the year when I have eight different guests in my home. And so by doing that, I talked to so many contractors and they’re like, you just drywall it up. I was like, I don’t want to drywall it up. It’s gonna ruin the whole value of the home. It’s like this is useless to me. And then I was racking my brain for months, like staring at this gap in the hallway. And I was like, what can I do to fill this gap? And I started looking around, and I’ve always been a fan of Murphy Door’s products. And so for me, it was like it just happened to like pop up kind of like in a vision. It’s like, what if I just asked them to make a custom size door for me? A rather large one because my hallway is about eight foot to three and a half foot wide. But it worked. It was a strange order. But now like it just seems that it’s completely seamless. And my guests love it too because it gives them this perception. They know it’s a door. They can see the security pin pad lock that I put there so that, you know, if I needed to from the other side access in, but they feel that sense of privacy and also like it’s their own separate space as opposed to like putting a door there with a doorknob, which I did have before and like a nut my first my my first unit that I had in my home before I made the second one. So just seeing the difference in the response of my guests as well. They’re like, it’s so nicely designed. It’s seamless. They know it’s there, but it doesn’t feel like it it’s there. It’s kind of like perception is key. So I think that again it circles back to you have to be really creative and see what the possibilities are. Because I remember telling my friends like this is what I’m gonna do and they’re like how is that going to work? Like they just couldn’t see it. And now that they see it’s like this is the most genius thing I’ve ever figured out. And it’s something that I know because of this, I will never sell this home because now it is not only making revenue from Peerspace and Gigster, but I make Airbnb short term rental revenue on a home that I live in full time. I’m there eighty percent of the year. Eighty to a hundred, depending on my travel schedule.

Dylan Silver (19:57)
For for folks who may be on the other side of this equation and they’re, you know, pinching pennies or they they got rid of the pennies, so I guess pinching nickels now in order to get into a home. And they’re looking at, you know, all of the arithmetic that comes with saving up for a down payment and you know, really trying to find a way to to partake in this American dream. What feedback do you have for those folks who may be on the other side of the equation, trying to get into home ownership?

Stephanie Huynh (20:22)
I would first look at your lifestyle and see if like buying is even a good choice for you for those purposes. I would really I always ask people, what are you buying for? For some people, it’s a piece sense of security. It’s a signal to yourself and others that you’ve made it and you want to feel like you’ve made it. It is the ultimate American dream. It’s like to kind of have your own space. But if it’s really driven by reasons that are important to you, like for me, my home offers outside of like my business, it was always gonna be a signal of security to myself. I was like, no matter what, I will always have a roof over my head. Now I just need to find a way to pay for it without being house poor, right? And if that’s a valid reason, I would say that I don’t think that we typically have a spending problem, although I don’t think that that’s like void, completely void of the problem overall of like struggling to put a down payment home. But like we discussed, things are just costing more than they ever have been. Inflation is at an all-time high and everything like from groceries, gas, all the basic necessities of life are taking up more of our funds. So what can you do to offset that mortgage or even get back your down payment at some point?

Because I spent in total, I would say spent a little bit over $250,000 remodeling my home. And I’ve kept a tracker of my income from all my different lines of businesses. I’m gonna break even in about a year after living there full time, which I think is nearly impossible to say for any home, including my down payment. So if you think of your home as something that you’re willing to share and rent out, that’s how you subsidize that living. Because I think a lot of people think they struggle so hard to get that down payment. They finally get the down payment. Then they forget about, you know, the things that could go wrong, the extra costs. There’s I’ve had to replace my whole HVAC system. And in Las Vegas, there’s three of them in my home in the span of four years, which in total has cost me over twenty thousand dollars. So I always tell people say, Can you actually afford this? Like that’s another question. And you should I would encourage you if you don’t have a good loan officer to get one that runs through all your numbers with you. Cause a good loan officer is someone that is gonna walk you through all stages of life and look out for your best interest. And that includes saying, like, hey, do you have enough money? Like six months cushion in case you lose your job, in case of this. Because I would never tell someone to buy a home just because it worked out really well for me. I do think it’s one of the it is the best investment I’ve ever made to date, especially because I run my business out of it and it is making it so my life is work optional because I I’ve created a business out of my home. But it is one of those things where you have to be mindful of how much extra it actually costs. And the only way to kind of subsidize that fear is to make more money. And most of us are not gonna most of us work a nine to five. You’re getting a three percent incremental raise every year. That’s not covering your cost of living. You’re probably not getting a promotion every year that’s gonna increase your pay, maybe by 10, 20% at best, because ultimately corporations, and I’m seeing this as someone who’s worked in corporate America since I was 20 years old, I’m 34 now, they don’t have your best interest at heart. If it the best interest is to let you go, then they will let you go. It’s not malicious usually. It’s just this is business and you can’t take that personally. So I always say like maximize the square footage of your home. If you don’t have extra bedrooms, you don’t have to do Airbnb. But if if you have a beautiful backyard or even a nicely landscaped backyard, you can rent it out for fifty dollars an hour because even though it’s fifty dollars an hour, it’s fifty dollars an hour. That’s something that could subsidize a little bit of your living. So again, I think like people are too comfortable in what they know and they’re not willing to take risks. Because one thing that I’ve really loved about like being very more publicly open about like my business ventures and things like that in the past two, three months is there’s a lot of feedback from like my socials and whatnot about people’s objections to it. And they’re like, This is crazy. Like I don’t understand why you would like, you know, let some strangers in your home. It’s like it’s perfectly secure. There’s nothing wrong. I’ve never had anything I’ve had things broken, but on accident. It’s like, but things can be that those weren’t expensive things. I would say ninety-nine percent of the people I rent any portion of my home out to, whether it’s Airbnb or Peerspace, are very respectful. In fact, they leave my home sometimes cleaner than I left it to them because they also know that we’re running like if you especially if you book through the platform, there’s a review system. Everybody wants to be reviewed well. And again, it’s I tell people there are risk with any business. I have friends that do sober living houses, friends that do Section 8 housing. Some of they make great money from some of them, but also like see yeah, sometimes we get the occasional tenant that’s like really horrible and like destroys everything. But what are you gonna do? That’s like you calculate that into the risk of running a business for that again, that potential upside.

Dylan Silver (25:26)
And I think one of the things that routinely gets overlooked, you don’t often hear people saying, Hey, here’s some ways where you can creatively add more income other than getting a better paying job. If you go, like you mentioned, loan officers, most people will say you don’t qualify based on your income. What do most people do? They get a better paying job or they work two jobs. What you’re what you’re talking about here is, you know, using the resources that you have to not necessarily double or triple your time investment, but to creatively finance a solution to, you know, affordability and to wealth building. I’ve even heard and pivoting a bit here, I’ve heard folks using some rooms in their home in creative ways like a barber shop. I heard someone that had a barber shop out of their home here in Texas where I’m based out of and was renting out chairs in the shop, and it became like one of the most frequented spots on Booksy, which is an app that people can use for you know, getting haircuts and that type of thing. And so it doesn’t have to be, you know, a one size fits all solution. There’s so many ways in this gig economy where folks can, you know, turn their square footage into cash flow.

Stephanie Huynh (26:37)
Absolutely. Like my own girlfriend, she is looking to relocate out of Nevada, but she’s a hairstylist. Her clientele is here and she’s going to convert her because she’s paying five thousand dollars a month in rent right now for her studio. And she’s like, I’m going to just invest that money in converting my living room into a permitted salon. She’s already submitted the paperwork for it and run the business system there. Because I think again, circles back like get really creative with your space. You can like there’s more people on this earth. There’s less space to go around. So why not make the most out of it? And again, like you said, you’re someone out in Texas. People are also looking for that more like kind of personal experience, I think, as well. One of the common things that I hear from people that cause the way the only thing that I would do business differently with the next home that I replicate the system is I would be designing it more for production and like video and photo shoots and things like that, because that’s a completely different market.

But a lot of people, what they tell me when they rent my space now, is like, I didn’t create my space to be rented out. I created a home that I knew I would love. And as a result, other people would love. And they’re like, we love the homey feel of it, which is why I get a lot of children’s birthday parties. I get a lot of family reunions, things like that. And people think like, even I mean, I have friends who well worth in the millions, they’re starting to Peerspace out their rentals because they’re like, there’s so much money in this that people are not even aware of. I have you know, clients of mine who didn’t even know what Peerspace was until I was like, these are options. And you don’t even have to have a whole house to rent out. You can if you have a guest bedroom, you can nicely decorate a bedroom and people will pay to use a photo shoot bedroom, right? Because they don’t have that space. I had someone rent out just my backyard because they just needed a pool to take a photo shoot by because they were shooting a swimwear collection or something. There are so many different options. I myself am starting to convert my garage into a podcast studio that could either be rented out or for my own personal use if that’s what I want to expand in into in the future. So again, it’s like being just seeing everything as a tool to get you further ahead. Kind of like you look at your phone and your laptop. They’re tools to help you get ahead, whether it’s to help you work more productively. Why not look at your home as a way as not just a place to live as something that could also make you money in the process? Because much to people don’t really know this kind of this loophole in the tax law and I didn’t even really know it until this year. If you have short term rental income outside of like being able to write off all those losses because you live in the home and you can charge all your home expenses to your business account essentially because you’re running a short term rental out of your home, if you document a loss, if you’re a W-2 employee that makes less than a hundred thousand as of this year, you can legally take that off your W-2 taxable income. A lot of people yeah, a lot of people think it’s like they always talk about like cost segregation study. That doesn’t apply for my particular situation because I still live on the property. So it’s not really applicable. A partial cost segregation study could be done, but it’s not really worth the money that’s invested to get it done and then the application because it’s only a percentage. But whether it doesn’t matter what kind of short term rental income you have, you can rent a bedroom even a couple of times out of year and like record that loss. Say you make ten thousand dollars, you recorded twelve thousand dollars and you got a two thousand dollar loss if you make us a hundred thousand again check with your CPA because I’m not a tax professional. But I went over this with my CPA is like I made a little bit too much on paper last year, which is why I couldn’t there was no offset in my taxes. But if you’re under a certain threshold, it will offset on your W-2 income. So I think it’s something that people need to take into consideration. Maybe you know, swallow the discomfort of renting out a bedroom for a couple of days. Maybe when you’re on vacation, just list it on Airbnb for those dates. If it gets booked, it gets booked. Lock up your valuables, you know, find a way for them to have a system to get in and out. And you you’ve made a couple hundred dollars in in short-term rental income. And maybe you go on vacation a couple of yeah. It’s like you keep on repeating the same thing. It doesn’t have to be an all or nothing like me, because I’ve created a home that can accommodate that. But I always tell people it’s like there’s things that you can do that will not impede on your life. You’ll just have to put these systems in place so that you can monetize these different lines of business and income, even if you don’t have that secondary property or this extra space in your home.

Dylan Silver (31:05)
We are coming up on time here, Stephanie. Any new projects that you’re working on? And then also anything you’d like to mention directly to our audience?

Stephanie Huynh (31:12)
So currently I am working on a concept because I would love to I’ve been talking to a few construction companies who would like to replicate my home because they’re like the layout is something that they’ve never seen before because I think again, they’re recognizing that home ownership is so difficult that people are trying to find ways to subsidize that income. So if you create a home already that people can kind of move in and rent out and make it ready to go, like I think that’s something that I’m currently working with like different construction people. I’m trying to find the right partner to do this with. And so that’s like my second ask. If you are working in the construction industry, I’d love to talk to you to kind of get this plan in motion to make it more of a ready-to-buy community so that people can do something like this on their own without having to MacGyver their own home. I do also offer personal coaching for people who want personal insight on how they can monetize literally every aspect of their home. I think that that’s my running gag with my friends. They’re like Stephanie will make money on anything. If you just give me an opportunity, I can show you, especially from your home, because that’s personally where I have proof of concept where I can show you that I’ve replaced and I make more than my full time job just from my home alone.

Dylan Silver (32:25)
Stephanie, thank you so much for your time today. Thanks for joining us.

Stephanie Huynh (32:29)
Thank you so much, Dylan. I appreciate it as well.