Covering Her Mortgage in ONE Day with THIS (Up to $16K/Month!)
Real Estate Rookie
Deep Dive
How did Nicole Lulinski Weill start making money from her primary residence without house hacking?
Nicole and her husband bought a vintage home in Los Angeles that had been used for film productions. They listed it on platforms like Gixter and Peerspace to rent it out to production companies for filming, generating significant income.
What kind of properties did Nicole and her husband initially consider before buying their current home?
They looked at duplexes, homes with accessory dwelling units (ADUs), and buildings with several tenants, but ultimately chose a vintage home that had been used for film productions.
Why did Nicole and her husband choose a home that had been used for film productions?
They recognized the potential to generate income by renting the home to production companies. The home's unique features, such as mid-century style and preserved details, made it an attractive location for filming.
How much does Nicole typically earn from renting her home to production companies?
Nicole can earn anywhere from $4,000 to $16,000 per project, with some projects paying even more if they last multiple days. One of their first projects paid for two months of their mortgage.
What steps does Nicole take to protect her home during film productions?
Nicole requires a security deposit, ensures the production company has insurance, and conducts thorough walk-throughs before and after each shoot. She also stays on-site during productions to supervise and mitigate potential damage.
What is the typical process for a production company to rent Nicole's home?
Production companies usually find Nicole's home on platforms like Gixter and Peerspace, reach out to discuss availability, and then schedule a scout to see if the property is suitable. If both parties agree, they negotiate terms and sign a contract.
How does Nicole balance the needs of the production companies with the comfort of her neighbors?
Nicole is very selective about the projects she accepts, considering the impact on the neighborhood. She works with Film LA to ensure all permits are in place and communicates with neighbors to address any concerns or complaints.
Is Nicole's strategy scalable to other markets and properties?
Yes, Nicole believes this strategy can be scalable to other emerging markets like New York, Miami, Toronto, and Atlanta. The key is to find a unique, timeless property that can't be easily replicated in a soundstage.
What percentage of her mortgage does Nicole cover through this strategy?
Nicole covers about 80% of her mortgage through renting her home to production companies. The income is not consistent but has far exceeded her initial expectations.
- Uses primary residence for film productions
- Earns up to $16,000 per month
- Lists property on Peerspace and Gigster
- First project paid for two months' mortgage
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