Tell me more! I had not heard about this benefit.

I did not see anyone talk about this. Might not be able to do this depending on locations but they are doing this at LAX. Just a thought

http://articles.latimes.com/2009/jul...e-lax-colony20

I'd have referenced that in your subject line, I'm sure everyone clicking on this thread assumes that you are losing your property through foreclosure.

If that is true, the bank was probably violating the law (at least in CA, not sure about NV though I would expect the law to be similar in this regard). If you have a valid lease with the owner (at the time it is signed) then you have the absolute right to possess the premises. If a new owner acquires title ti the property, via foreclosure, auction or sale, he is still bound by the prior lease. Any attempt to intimidate the renter prior to expiration of a proper 30-day notice of lease termination could be actionable. I'd say your friends had a nice lawsuit if the story is as you describe.

+1

Given low housing prices and low interest rates right now, why not buy now and the excess money you can save beyond your mortgage payments goes to something earning more than your mortgage rate? I know you have the dream of buying a house without financing, but there is a time-value of money and, hey, the living space problem would be solved.

One thing for the OP to consider. I assume that while you may not run a credit card balance you need a credit card to reserve and rent cars and for hotel (additional charges if the client is paying for the room). If your cc company(ies) get a whiff of you not having a permanent residence, they may very well cut your card off. Read some of the posts on FT and it is truly scary what some people have experienced (either rightly or wrongly).

My suggestion is since you travel five days a week and don't seem to have an issue with the location of your two day residence, find a locale that is dirt cheap while having a fairly viable airport nearby. TUS, OKC, JAS, MEM, LEX while maybe the most hip places would afford you a low cost of living but would not require driving hundreds of miles just to get onto a flight.

What I was saying!

Till

Thanks for all the thoughts

I've been doing this for about 4 or so years, though not always hotels. It's always a guess as to where I'll lay my head next week.

Let me clarify - typically, when not working, I stay in hostels, with friends, or with my family. I have a post office box and small storage unit in Nashville, TN. My family lives in Saskatoon, Canada.

It does get tiring sometimes. As others have pointed out, the psychology of just having your own place to go "back" or "home" to is nice, and I've missed that. As well, my older friendships have mostly deteriorated, and it is difficult to maintain a relationship. Then again, I've met countless people in the past few years during my travel and made new friends. There is freedom in being able to decide (provided I have the money) to travel anywhere I wish. My lifestyle certainly isn't for everyone, and I get rather annoyed when people only see the "glamorous" or exciting side of being able to travel everywhere without realizing the sacrifices you make to allow that.

Limited free laundry is one of the perks if you upgrade to the Executive Rooms at the JW Marriott in Jakarta or Bangkok, and as Plat I was always bumped up. No idea if this is the case anywhere else, or whether it exists even at CGK/BKK anymore.

If I were a potential tenant today, I would insert into the lease agreement that the landlord provides me with a copy of his mortgage statement each month and that if he were to make three or more consecutive late mortgage payments, that I would be let out of my lease.

WARNING: The IRS allows you to deduct travel expenses when you're traveling on business away from home. If you don't have a home to be away from, you don't get to deduct anything.

Sorry bud; I should have read all the replies first. Glad to preach to the choir, nonetheless!

I did this myself for a while in my 20's doing projects and then consulting. I've since romanticized it a bit, my experience:

I changed my address to my parent's address for all my credit cards, etc. Getting packages and ordering anything mail order was kind of a pain, especially when they would only send to your billing address. I’d have packages waiting for me for weeks sometimes, not great when you want some cool new thing “now”.

I had flexibility with travel - every weekend I could essentially travel "anywhere" in the US, so every weekend I'd go hang out with friends, relatives, etc. I think even after I moved away from my hometown to take that job, I never got homesick because I was still at every weekend party or event. People would be shocked when I'd say "I woke up in Seattle this morning, I'm off to Austin tomorrow."

When I would come back home, I would have literally a grocery bag full of mail.

After a while you get your life so minimized that the things you do have are incredibly precious, and it made me realize how much "junk" we tend to accumulate otherwise. I think I had a digital camera and an iPod, few other things.

I came to the conclusion during that time that I could spend any amount of money for they key things I wanted because I used them every day - camera, cell phone, computer, watch, bag, etc. I was forced to be hyper-aware of buying anything I'd have to cart around, so I'd buy exactly what I wanted, the first time. I wouldn't "upgrade" anything without having gotten rid of the old item first.

Something that hit me a few times that can really suck - you can be on a project for a long time and you start to build up a "social life" with the people you work with - you hang out after work or on weekends that you are around and they become friends. Then, unexpectedly, the project suddenly gets canceled, or you get re-assigned by the home office to some emergency thing and you end up having to leave - that day - and never come back. After a few iterations of that, it gets kind of old. Sure, you could go back and visit them on weekends, but you don't, and it all gets a little soul-less after a while.

It seemed I really went through clothing during that time - I try not to get suits dry cleaned too often, but when traveling from site to site it seemed they were trashed quickly and looked tired fast.

But yeah, if you can keep from partying away your saved money on weekends, you can definitely sock away some cash and living a nomad life isn't such a bad thing to experience once in life.

I'd also advise getting some sort of fitness plan, be it at the hotel gym, swimming daily, running, whatever. I was much better and happier when I was taking good care of myself and had some discipline in life rather than when I was camped out all weekend in the hotel watching HBO.

This. I am on the road for about 2/3 of the calendar year and sometimes all the hotels do get to me. I usually try to make it home twice a month for at least 10 days total, just so I can stay sane and not have to release my anger at an innocent front hotel desk clerk.

Is Nevada a state where the landlord does not have to go through an eviction procedure that takes at least a month?

However I am told that a foreclosing bank is not obligated to honor the entirety of existing leases, boo, hiss.

Some time ago I had colleagues who did a lot of travel and who got to, in their words, bank their salaries, while the company was paying for their meals and also many incidentals, as part of the normal travel expenses. They could have taken it a little further by living with relatives or, as this thread discusses, staying in the hotel longer and/or taking advantage of weekly rates.