What was your best passive income in 2014? • Hacker News Board

Re: What was your best passive income in 2014?

#31

Post by computerbob » Wed, Jul 30, 2014, 1:07 PM UTC

danielweber wrote: post #11

parfe wrote: post #4

Bought a house 12 months ago which included a great tenant. Rent checks showed up early every month for the last year. So far the house has been such little work I sometimes feel confused then surprised by his hand written envelopes addressed to me in the mailbox.

Keep the rent low. A great tenant is awesome.

Don't know who downvoted you but I absolutely agree. I have a few homes that I help rent with and having a good tenant is high above and away better than having a bad tenant pay more money. Just the cost alone in time is worth giving a good tenant cheaper rent.

Re: What was your best passive income in 2014?

#32

Post by baby » Wed, Jul 30, 2014, 1:07 PM UTC

parfe wrote: post #4

Bought a house 12 months ago which included a great tenant. Rent checks showed up early every month for the last year. So far the house has been such little work I sometimes feel confused then surprised by his hand written envelopes addressed to me in the mailbox.

Everytime I hear something like that I just suspect the tenant to be a drugdealer or something like that. Which is great since they're always so polite and respectful not to attract attention.

Re: What was your best passive income in 2014?

#33

Post by MidnightRaver » Wed, Jul 30, 2014, 1:08 PM UTC

instakill wrote: post #17

easyname wrote: post #13

I had a motorcycle which I had bought for 126K INR. I was not using it much except to commute from home to office. I was going to sell the bike, then suddenly this idea clicked. It took few hours to make and host indiarider.com(people can take the bike on rent). Its been two months now, I have made 15K till now, 7K last week.

That's cool, but how do you deal with speeding fines?

https://www.youtube.com/watch?v=rdHkRkwJvww

Re: What was your best passive income in 2014?

#34

Post by vilius » Wed, Jul 30, 2014, 1:08 PM UTC

$5k per month for 18 months in a row.

Made a portfolio website for my girlfriend. Got positive feedback, refactored into Wordpress theme and published on ThemeForest. Not 100% passive as I spend 3-4 hours per week for answering support emails.

ThemeForest is a perfect place for passive income if you are a website developer. At first it challenges your skills as you need to create the concept, design it and code it. Then it challenges your business, marketing and support skills. You become a one man factory and learn a lot.

Re: What was your best passive income in 2014?

#35

Post by sanketdasgupta » Wed, Jul 30, 2014, 1:09 PM UTC

MidnightRaver wrote: post #26

instakill wrote: post #17

Earlier quoted context omitted.

That's cool, but how do you deal with speeding fines?

You do realise INR == Indian rupees, right?

That's what he means....

Re: What was your best passive income in 2014?

#36

Post by johnward » Wed, Jul 30, 2014, 1:10 PM UTC

vilius wrote: post #34

$5k per month for 18 months in a row. Made a portfolio website for my girlfriend. Got positive feedback, refactored into Wordpress theme and published on ThemeForest. Not 100% passive as I spend 3-4 hours per week for answering support emails. ThemeForest is a perfect place for passive income if you are a website developer. At first it challenges your skills as you need to create the concept, design it and code it. T…

Is this all from a single theme? What percentage are you at?

I've contemplated converting some of my custom WP themes to sell on ThemeForest but I didn't think it would be worth the time.

edit: I often wonder if it would be worth it to try to compete with theme clubs. They seem to make a killing on recurring revenue and release a couple of themes a year.

Re: What was your best passive income in 2014?

#37

Post by shubhamjain » Wed, Jul 30, 2014, 1:10 PM UTC

easyname wrote: post #13

I had a motorcycle which I had bought for 126K INR. I was not using it much except to commute from home to office. I was going to sell the bike, then suddenly this idea clicked. It took few hours to make and host indiarider.com(people can take the bike on rent). Its been two months now, I have made 15K till now, 7K last week.

How do you compensate for the trust gap? Do you make the renter sign some contract or something? How did you do marketing for this ad?

Re: What was your best passive income in 2014?

#38

Post by sanketdasgupta » Wed, Jul 30, 2014, 1:11 PM UTC

dpcx wrote: post #29

MidnightRaver wrote: post #26

Earlier quoted context omitted.

You do realise INR == Indian rupees, right?

They don't have speeding fines in India?

Unless there's actually a cop watching the streets, NO.

Re: What was your best passive income in 2014?

#39

Post by neil_s » Wed, Jul 30, 2014, 1:11 PM UTC

instakill wrote: post #17

easyname wrote: post #13

I had a motorcycle which I had bought for 126K INR. I was not using it much except to commute from home to office. I was going to sell the bike, then suddenly this idea clicked. It took few hours to make and host indiarider.com(people can take the bike on rent). Its been two months now, I have made 15K till now, 7K last week.

That's cool, but how do you deal with speeding fines?

In India, traffic cops don't usually use tickets, they accept fines or bribes on the spot in a traffic stop.

Re: What was your best passive income in 2014?

#40

Post by johnward » Wed, Jul 30, 2014, 1:11 PM UTC

easyname wrote: post #13

I had a motorcycle which I had bought for 126K INR. I was not using it much except to commute from home to office. I was going to sell the bike, then suddenly this idea clicked. It took few hours to make and host indiarider.com(people can take the bike on rent). Its been two months now, I have made 15K till now, 7K last week.

Do you have a special insurance for this (I confess I have no idea how India works)? What are you going to do when someone totals it?