Well it’s official – we now have a tenant so to speak. My brother moved into our house with us and we are renting out the lower level to him for at least a year.
My brother was pretty much the perfect fit as he is someone we can trust and know will respect the boundaries we have laid down. Now, even though he is family, that didn’t stop me from having him sign a legal lease agreement. Some of my family thought that was kind of “overkill” while others thought it was a good idea.
But why have a family member your supposed to trust in the first place sign a lease? The easiest answer is when it comes to any exchange involving long term money transfers especially renting I want to have tangible proof. I’ve watched enough court TV in my past to know that things can go sideways and often times involving family members.
The lease agreement isn’t there for the sake of “lording” over my brother with it but is more designed to be a record of accountability for all parties involved.
We are still going through the adjustment phase as we share our house with our new “tenant” if you will. With only one shower in the house we have set up schedules that include things as shower time, laundry time. I am still getting use to him being with us and having to share several areas that are now what we call common areas in the house. It has been my wife and I are for the longest time and now and my brother has lived alone for the last 5 years so the adjustments are rough around the edges right now but I think we can make it work.
I find myself biting my tongue a lot because I know he’s going through the same adjustment low’s and highs as well and I need to make sure to remember to take that into account. Hopefully, we all can make it through this first year and even find better ways to make all the living accommodations comfortable for everyone. This may be an on going report as I document how the entire journey progresses month after month.
Online Side Income Projects for December
Website No. 1
I started a website project in November of last year. Yesterday (12/8/13) was the final completion stage of that web project. Typically it doesn’t take me a year to finish a website but this project was a lot more involved than I had expected it to be. Now, with the site completed and traffic coming through natural and organic searches its time to switch my focus on making this website profitable.
Currently it sits with a net loss of roughly -$400 dollars with outsourcing costs and other misc expenses. Now the next six months will prove if I can make this site profitable or not. I plan on trying everything from Adsense to affiliate marketing and continual split testing to determine if there are any relevant programs to make it a profitable investment.
If the site turns out to be a dud at least I have a years worth of new knowledge in Keyword Research, Search Engine Optimization, and Outsourcing.
Website No. 2
The secondary website I have started on is a very LONG term project that I have estimated will go on for about 8-10 years and requires a huge learning curve with the topic at hand. The reason I chose this specific market is because if I’m able to tap into it then it will have been an investment well worth my time.
Now, I know that I’m being vague in the descriptions of the websites but that’s for good reason. I want to protect my assets and investments from being targeted by negative search engine attacks. I spend enough time in webmaster forums to see it happen left and right because petty jealousy even exists in the online world. My investments are important to me so I must keep them protected.
iPhone App Development
My developer just sent me the first build of my iPhone app and I must say it feels pretty awesome to have an app created based off an idea that you come up with. Right now we are only on the alpha build and I’ll be submitting my revisions for the second build but I’m hoping that before April I’ll have a live and polished version ready to go.
The app targets a specific niche market with a very large following and will probably be monetized through Admobs (Adsense for iPhones) but I am evaluating the idea of making a paid version as well.
This is the first time I have ever outsourced development of app and I am learning all kinds of new things from my developer and what is involved in creating an iPhone app. I’m not sure how profitable this particular app will be but I think it will help the people who I’m targeting and honestly that’s what I’m aiming for.
Offline Side Income Projects for December
Nothing to really report on here for this month. I have two video gigs booked for January and February so December is just going to be a month to spend with the family and enjoy the holidays.
Future Income Projects
I have been tossing a few ideas back and forth and one was becoming a content writer through oDesk or eLance. While I may not have a very strong grasp on punctuation or grammar at all times, I think I have a pretty good grasp at the English language. I’m versed in both APA and MLA formatting and writing tends to come pretty easy for me. Whether that will help me or not is yet to be seen. I’m not sure how much a few writing gigs would help offset some bills but I think I may give it a shot and see where it leads.
Websites. I really enjoy creating websites in my spare time there is a major drawback and that is that none of them offer a very quick return unless I flip (sell) them for a profit. This is something I will be looking into for 2014 and test out throughout the year to see if I can yield any positive results. If I find a way to workflow my website creation process then I can increase my build time while keeping the freshness and quality of the new site(s) strong.
What Will 2014 Hold For The Future?
Honestly, I feel like 2014 holds new adventures, new paths, and new things to come for us all.
How are your on or offline income projects going? Are you making progress or starting new and exciting things yourself?