Tenant Best Quotes

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. . . we shouldn’t always have what we want: it spoils the best of us, doesn’t it?
Anne Brontë (The Tenant of Wildfell Hall)
This paper will serve instead of a confidential friend into whose ear I might pour forth the overflowings of my heart. It will not sympathize with my distresses, but then, it will not laugh at them, and, if I keep it close, it cannot tell again; so it is, perhaps, the best friend I could have for the purpose.
Anne Brontë (The Tenant of Wildfell Hall)
The first kiss in the morning tastes like the first kiss on earth. My waking soul is innocent, as I lie next to the tenant of my best dreams. When I caress him I know: a kiss is preverbal, a word is a kiss's junior.
Vera Pavlova (If There is Something to Desire: One Hundred Poems)
When you face tough times but keep on going; when you're discouraged and doubtful, but still show up; when you are not sure of what to do, but you give it you best anyway--you will, in the end, succeed. Just be willing to do whatever it takes.
Mo Anderson (A Joy-filled Life: Lessons from a Tenant Farmer's Daughter...who Became a Ceo)
how shall I get through the months or years of my future life, in company with that man -- my greatest enemy -- for none could injure me as he has done? Oh! when I think how fondly, how foolishly I have loved him, how madly I have trusted him, how constantly I have laboured, and studied, and prayed, and struggled for his advantage, and how cruelly he has trampled on my love, betrayed my trust, scorned my prayers and tears, and efforts for his preservation --crushed my hopes, destroyed my youth's best feelings, and doomed me to a life of hopeless misery -- as far as man can do it -- it is not enough to say that I no longer love my husband -- I HATE him! The word stares me in the face like a guilty confession, but it is true: I hate him -- I hate him!
Anne Brontë (The Tenant of Wildfell Hall)
Love is the heart’s best tenant; it always pays its rent on time.
Matshona Dhliwayo
Don't buy things you can't afford with money you don't have to impress people you don't like it.
Graham Stephan (Build your Rental Property Empire - How to get the Best Tenant at Top Dollar)
I see clearly, now, the folly of throwing myself away on one that is unworthy of all the love I have to give and incapable of responding to the best and deepest feelings of my inmost heart.
Anne Brontë (The Tenant of Wildfell Hall)
I did what I thought was best.' "And so you kidnapped me,' she said bitterly. 'If you recall I offered you the option of residing with my relatives. You refused.' 'I want to be independent.' 'One doesn't have to be alone to be independent.' Victoria couldn't think of a suitable rebuttal to that statement, so she remained silent. 'When I marry you,' Robert said softly, 'I want it to be a partnership in every sense of the word. I want to consult you on matters of land management and tenant care. I want us to decide together how to raise our children. I don't know why you are so certain that loving me means losing yourself.
Julia Quinn (Everything and the Moon (The Lyndon Sisters, #1))
Was it pride that made me so extremely anxious to appear satisfied with my lot - or merely a just determination to bear my self-imposed burden alone, and preserve my best friend from the slightest participation in those sorrows from which she had striven so hard to save me? It might have been something of each, but I am sure the latter motive was predominant.
Anne Brontë (The Tenant of Wildfell Hall)
never saw my father scold the tenants or make any threats. He only listened, and then he told them to try their best. But after three months of conversation, there would be a different family living in the apartment the next time we came back. I never knew what happened to the people with hard luck, but it happened on some day other than the first Saturday of the month.
Ann Patchett (The Dutch House)
When I think of finishing the work, when I think of the finished work, a great sadness overtakes me, a sadness paradoxically like joy. The circumstances of doing put away, the being of it takes possession, like a tenant in a rented house. Where are you now, homeless heart? Caught in a hinge, or secreted behind drywall, like your nameless predecessors now that they have been given names? Best not to dwell on our situation, but to dwell in it is deeply refreshing. Like a sideboard covered with decanters and fruit. As a box kite is to a kite. The inside of stumbling. The way to breath. The caricature on the blackboard.
John Ashbery (Quick Question: New Poems)
He hadn’t even any satisfaction in the new water-cooler! And it was the very best of water-coolers, up-to-date, scientific, and right-thinking. It had cost a great deal of money (in itself a virtue). It possessed a nonconducting fiber ice-container, a porcelain water-jar (guaranteed hygienic), a drip-less non-clogging sanitary faucet, and machine-painted decorations in two tones of gold. He looked down the relentless stretch of tiled floor at the water-cooler, and assured himself that no tenant of the Reeves Building had a more expensive one, but he could not recapture the feeling of social superiority it had given him.
Sinclair Lewis (Babbitt)
All my former occupations seem so tedious and dull, my former amusements so insipid and unprofitable. I cannot enjoy my music, because there is no one to hear it. I cannot enjoy my walks, because there is no one to meet. I cannot enjoy my books, because they have not power to arrest my attention: my head is so haunted with the recollections of the last few weeks that I cannot attend to them. My drawing suits me best, for I can draw and think at the same time; and if my productions cannot now be seen by anyone but myself and those who do not care about them, they, possibly, may be, hereafter. But then, there is one face I am always trying to paint or to sketch, and always without success; and that vexes me. As for the owner od that face, I cannot get him out of my mind - and, indeed, I never try. I wonder whether he ever thinks of me; and I wonder whether I shall ever see him again.
Anne Brontë (THE TENANT OF WILDFELL HALL)
But how am I to get over the ten or twelve days that must yet elapse before they go? Yet why so long for their departure? When they are gone how shall I get through the months or years of my future life, in company with that man—my greatest enemy—for none could injure me as he has done? Oh! when I think how fondly, how foolishly I have loved him, how madly I have trusted him, how constantly I have laboured, and studied, and prayed, and struggled for his advantage; and how cruelly he has trampled on my love, betrayed my trust, scorned my prayers and tears, and efforts for his preservation—crushed my hopes, destroyed my youth's best feelings, and doomed me to a life of hopeless misery—as far as man can do it—it is not enough to say that I no longer love my husband—I hate him! The word stares me in the face like a guilty confession, but it is true: I hate him—I hate him!—But God have mercy on his miserable soul!—and make him see and feel his guilt—I ask no other vengeance! if he could but fully know and truly feel my wrongs, I should be well avenged; and I could freely pardon all; but he is so lost, so hardened in his heartless depravity that, in this life, I believe he never will.
Anne Brontë (The Tenant of Wildfell Hall)
at the seat. Instead of blowing his top, he picked me up in his arms and said, "You did it?" I nodded, "Yes I did it!" "But, look son." He tried to explain, "I can't go out with a bottomless pajama — I am a man". I whispered, "And so am I". He just stared, and embraced me. And from that day I got proper pajamas to wear. Dad was a great friend, a very understanding and loving person. Time flies fast — my father's leave was almost over, but the construction work still remained incomplete. He had to go back to Amritsar to resume his duties, and my mother badly needed more money. Two days before his departure he took a loan of Rs. 1,500 from a friend, a Zargar (ornament maker), to somehow finish the construction work, and mortgaged our part of the haveli for this amount. This Rs. 1,500 brought a lot of trouble and hardship to the family as the interest for the loan went on adding. My father resigned his job as a postman and searched for a new clerical job. He did his best to pay off the loan; he but could not. Destiny's smile had changed into a fearsome frown. Soon my little sister Guro was born. While my father slogged in Amritsar to support the family and pay the monthly interest, my mother and grandmother somehow managed to survive. I fell sick, very very sick and the chubby child was soon a bundle of bones. The fair skin was tarnished and looked quite dusky. The handsome Kidar Nath became an ugly urchin. Lack of nourishment also made me a dull boy. The only thought that kept me alive was that my father was my best friend, and that I must stand by my best friend and help him to surmount his difficulties. Having found a tenant for the rebuilt Haveli, we all moved to Amritsar. Across our house lived a shop-keeper known for being a miser. He called a carpenter to fix the main door to his dwelling, because the top of the frame had cracked. A robust argument ensued because the shop-keeper would pay only half a rupee, while the carpenter wanted one. His reason being that an appropriate piece of wood had to be cut to match the area being repaired and then he would have to level the surfaces at a very awkward angle. But the owner was adamant and said, "Just nail the piece of wood, do not level it or do any fancy work, because I shall pay you only half a rupee", as he walked away in a huff.
Kidar Sharma (The One and Lonely Kidar Sharma: An Anecdotal Autobiography)
One of the best experiences of my life came out of one of the worst experiences.
Steven Magee
Be consistent and treat all applicants equally in all phases of the tenant screening and selection process.
Michael Boyer (Every Landlord's Guide to Managing Property: Best Practices, From Move-In to Move-Out)
Take photos at move-in time. Whether or not you post photos with your ad, you should take some photos of all the rooms just before you begin showing the unit, to record its “before” condition. You could use these to show prospects who ask for photos, or keep them should your tenants dispute your evaluation of the condition of the unit at move out.
Michael Boyer (Every Landlord's Guide to Managing Property: Best Practices, From Move-In to Move-Out)
tenant mentions a shrub needs to be trimmed, so you say you will get to it when you come by next time. When you stop by a few days later, you notice that the shrub is not really overgrown. Trim it anyway. You have said you would, and the larger issue is not the shrub, but the trust. If you leave it undone, it will serve as a daily reminder of something you said you’d do but didn’t.
Michael Boyer (Every Landlord's Guide to Managing Property: Best Practices, From Move-In to Move-Out)
have had tenants ruin ovens when cleaning them, shatter shower doors, and even break windows with odd objects. Even with this litany of dings and cracks, when I step back and look at the cost of repairing one window, replacing a few boards on a fence, or even losing a used oven, keeping the good tenant long term is usually worth it. The lifetime value of a customer, especially one writing a four-figure check like clockwork every month for several years, far outweighs the cost or inconvenience of the minor repair.
Michael Boyer (Every Landlord's Guide to Managing Property: Best Practices, From Move-In to Move-Out)
Be on the alert for tenants who do not list their current landlord or ask that you not contact the current landlord.
Michael Boyer (Every Landlord's Guide to Managing Property: Best Practices, From Move-In to Move-Out)
Cats up, dogs down. Whether it is a condo or multistory fourplex, I prefer large dogs to be housed on ground floors and cats or smaller dogs upstairs. Large dogs upstairs can create an issue jumping, playing, and running, thus bothering the downstairs tenant.
Michael Boyer (Every Landlord's Guide to Managing Property: Best Practices, From Move-In to Move-Out)
Your only viable solution might be to not renew one or both of the tenants’ leases if they can’t work through the conflict.
Michael Boyer (Every Landlord's Guide to Managing Property: Best Practices, From Move-In to Move-Out)
It is also their guarantee that they will fulfill all of their pre-tenant obligations and rent the home by a mutually agreed-upon date. If for some reason they back out, the deposit to hold is forfeited to the landlord to use to cover lost rent during the holding period, as well as advertising and other costs associated with getting the home re-rented to another qualified applicant. However, when the new tenant fulfills their obligations, the deposit to hold usually transfers as their security deposit to be held during their tenancy. It is best to require the deposit to hold as soon as your new tenant has been approved.
Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
Deviating from your written lease or policy indicates inconsistency, which may lead to an accusation of showing partiality, also a form of discrimination. For example, if your lease states that a late fee will be charged for any rent not paid by the 5th, and you enforce the late fee with one tenant (they’re kind of a jerk) and not another (you like them), the tenant charged the late fee may feel they were discriminated against because of another reason. Regardless of your reasoning (one tenant was nice and the other a jerk), that situation could quickly get out of hand. It’s best to simply practice consistency and stick to your written policies.
Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
The kings, who are the most set on destroying the feudal baronies, are also the best friends of the merchants, the bankers and the master manufacturers. A shipowner is not the chieftain of a gang of sailors whom he abstracts from Power's clutch, but rather an employer of labour who on the contrary, makes them available to power when the time comes for it to require them; In this way, it is explained the favour shown by Francis I, to take one instance towards, Ango. A banker is not after political power - he is after wealth. His function is to build a sort of store-house on which, when the when the time is ripe, Power will draw to transmute this wealth into strength. A mercantile aristocracy, then, so far from abstracting anything from the state's resources, makes potential additions to them which will, when circumstances so require, be realized. This is the only aspect under which, for many years, Power saw the money power. But in the end the overthrow of every other social domination of whatever kind left financial domination master of the field. At that stage it was seemed to be the formative source of fresh cells. That showed itself clearly enough in the case of the industrial employers. Not only was the employer the law in his factory, but quite often he would put up nearby a township for his workers in which he had the position of prince. A point was reached at some of the states of the USA, at which the manufacturer, owning as he did the land on which the factory had been built, allowed on it no other police than his own. In its jealousy of any and every command, however small, which was not its own, Power could not tolerate such independence. Moreover, as in every other battle which it had fought with aristocratic formations, it soon found itself appealed to by the underlings. Then it made its way not only into the employer's township but into his workshop as well; there it introduced its own law, its own police and its own factory regulations. If its earlier aggressions against closed aristocratic formations were not our old friends, we might be tempted to see in this one nothing more than a result of the popular character of the modern state, and of socialist ideas. These factors played, no doubt, their part, but no more was needed, than that Power should be itself - a thing naturally tending to shut out the intervention of all other authorities. The financial cell is less visible to the eye than the industrial cell. But its hold on money, and above all by its disposal of vast amounts of private savings, finance has been able to build up a vast structure and impose on the ever growing number of its subjects and authority which is ever plainer on the planer to the view on the empires of finance, also, power made war. The signal for battle was not given by a socialist state, the natural enemy of the barons of capital. It came from Theodore Roosevelt, himself a man of Power, and therefore the enemy of all private authorities. In this way, a new alliance was sealed - an alliance no less natural than that of the Power of early days with the prisoners of the clan-cells, than that of the monarchy with the subjects of the feudal barons - that of the modern state with the men exploited by capitalist industry, with the men dominated by the financial trusts. The state has often waged this particular war half-heartedly, thereby making the extent to which it has turned its back on itself and has renounced its role of Power. And renunciation was in this case favoured by the internal weakness of modern Power; the precariousness of its tenure encouraged its phantom tenants to betray it in favor of the financial aristocracies. But Power has natural charms for those who desire it for its use. It was a certain that anti-capitalists would come to occupy the public offices of the bourgeois state, as it was certain that anti-feudalists would come to occupy those of the monarchial state.
Bertrand de Jouvenel (ON POWER: The Natural History of Its Growth)
An Estoppel Agreement is a simple, one-page form that the tenant fills out letting you know the terms of their lease to the best of their knowledge. If the seller of the property will not let you speak with the tenants and get Estoppel Agreements, you might be dealing with a seller who is trying to hide something.
Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
He quite literally occupied it. At the end of a long oaken table near the window of the Writing Room was “the Hitler Chair.” It had the best light for painting postcards. Nobody but Adolf dared sit there. Everybody honored his obsession with the chair, partly out of gratitude: If a Männerheim tenant fell short of his week’s rent, Hitler was amazingly fast in organizing a collection.
Frederic Morton (Thunder at Twilight: Vienna 1913/1914)
This is one of the best feelings you get as part-time landlord: You completed a laborious turnaround and matched a deserving tenant with a safe, clean home. The
Michael Boyer (Every Landlord's Guide to Managing Property: Best Practices, From Move-In to Move-Out)
People liked to offload to her, share gossip too. Of course she never said anything to anyone, so she had garnered a certain trust among the regular tenants, often being seen as a confidante. Her eyes and ears were the best things she had
Mel Sherratt (Liar Liar (DS Grace Allendale, #3))
I looked this up for the police. Eight years, give or take. Some people would say she made the best kind of tenant. Never here, never a nuisance. But I kind of missed having her around. Like I said, we were friendly in the beginning.
Ashley Winstead (The Last Housewife)
CHA at the time, and the sweeps were conducted by CHA security guards and Chicago Police. They pretended to have the tenants’ best interests in mind, sweeping the buildings, looking for wanted criminals and weapons. They did not bring warrants. They just pounded on the door, and if tenants didn’t comply with these inspections, they could be evicted.
Toya Wolfe (Last Summer on State Street)
My simple philosophy is to get good tenants and leave them alone. That means I emphasize selecting the right people (those inclined to be long-term, respectful tenants). And then—other than routine maintenance or reminders—I leave them to live peacefully in the unit. Of course, if a tenant calls or contacts me about an issue, I respond right away. I aim to be a background presence in tenants’ lives, helpful when needed, but not in the way.
Michael Boyer (Every Landlord's Guide to Managing Property: Best Practices, From Move-In to Move-Out)
Roommates ...the door opened and the most improbable trio walked in: a tiny dark-haired man, a very tall and big-nosed guy with long hair like a rock star, and a girl in a white nightgown with a toilet seat around her neck. They were Edmondo Zanolini, Michael Laub, and a fifteen-year-old girl named Brigitte—an Italian, a Belgian, and a Swede— and they were the performance-art trio who called themselves Maniac Productions. They gave themselves this name because, among other things, they would enlist people from their own families to do strange things. For instance, Edmondo’s grandfather was a pyromaniac. And since he was also a bit senile, he was very dangerous—he had set his house on fire a number of times. His family was very careful to keep matches out of his reach at all times, except when Maniac Productions was performing. Then Edmondo would invite his grandfather to the theater and give him a big box of matches; the grandfather would wander around the theater lighting fires while the group performed and pretended not to notice him. This was his maniac thing. It was very original theater, and very satisfying to Edmondo’s grandfather. He didn’t care if the audience was looking at him or not, because he had his box of matches. Edmondo and Brigitte moved into our flat. Michael came from a family of diamond merchants in Brussels and stayed in five-star hotels. Another tenant was Piotr from Poland. Piotr had a book of logic—I think it was Wittgenstein translated into Polish—and for reasons best known to himself, he kept it in the freezer. This book was his favorite thing in the world. And every morning he would wake up with this imbecilic smile on his face, take his book out of the freezer, wait patiently until the page he wanted to read unfroze, read to us from it in Polish, then turn the page and put the book back in the freezer for the next day. Brigitte’s father had started the pornography industry in Sweden—a very big deal; the porn revolution really began there—and she hated her father; she hated everybody. She was a deeply depressed person: she literally never spoke a word. All of us in the flat ate all our meals together, and she would just sit there, completely silent. Then in the middle of the night one night, Edmondo knocked on our door. I opened it and said, “What’s wrong?” “She talks, she talks!” he said. “What did she say?” I asked. “She said, ‘Boo,’ ” he said. “That’s not much,” I said. The next morning, she packed and left. (...) “I’m so happy,” Michael told us one day, about his pair of girlfriends. “The two of them complement each other perfectly.” Marinka and Ulla knew (and liked) each other, and knew (but didn’t like) the arrangement. Then Ulla got pregnant—not only pregnant, but pregnant with twins. When Michael told Marinka about it, she moved to Australia. And Piotr followed her there, and committed suicide on her birthday.
Marina Abramović
I went to see the house. (...) The place was a squat—thirty-five heroin addicts were living there. The chaos was palpable. It smelled like dog shit, cat shit, piss. (...) One floor was literally burned—it was nothing but charred floorboards with a toilet sitting in the middle. This place looked terrible. “How much?” I asked. Forty thousand guilder, they told me. They clearly just wanted to dump this house. But if you bought it, you were also getting the heroin addicts who were squatting in it, and under Dutch law, it was all but impossible to get them out. For any normal human being to buy this place would be like throwing money out the window. So I said, “Okay, I’m interested.” I talked about it with my friends. “You’re nuts,” they said. “It’s not money you have—what the hell are you going to do?” ...A drug dealer [had] bought the place. But he didn’t pay the mortgage. And he didn’t pay and he didn’t pay, and finally he was in such financial trouble that he decided to burn the place down for the insurance. Except that the fire was stopped in time and only the one floor was damaged. And then the insurance investigator found that the drug dealer had done it intentionally, and the bank took the house away from him. And this was how it turned into a squat for heroin addicts. “But where is this guy?” I asked. “He’s still living in the house,” the neighbor told me. This house had two entrances. One went to the first floor and the other to the second. The door with the board across it was the entrance to the first floor, where I’d already been; the drug dealer was living on the second floor. So I went around and knocked on the door, and he answered. “I want to talk to you,” I said. He let me in. There was a table in the middle of the floor, covered with ecstasy, cocaine, hashish, all ready to go into bags. There was a pistol on the table. This guy was bloated—he looked like hell. And suddenly I poured my heart out to him. I told him everything... I said that this house was what I wanted—all I wanted—the only home I could afford with the little money I had. I was weeping. This guy was standing there with his mouth open. He stood there looking at me. Then he said, “Okay. But I have a condition.” “This is my deal. I’ll get everybody out; you’ll get your mortgage. But the moment you sign the contract and get the house, you’re going to sign a contract that I can stay on this floor for the rest of my life. That’s the deal. If you cross me...” He showed me the pistol. It was in a good neighborhood, where a comparable place would sell for forty to fifty times the price. And [now] it was empty—not a heroin addict in sight. I got a mortgage in less than a week. But now, since my bank knew the house was empty, Dutch law gave them the right to buy the house for themselves. So I went back to the drug dealer and said, “Can we get some addicts back into the place? Because it’s too good now.” “How many you want?” he asked. “About twelve,” I said. “No problem,” he said. He got twelve addicts back. I took curtains I found in a dumpster and put them on the windows. Then I scattered some more debris around the place. Now all I had to do was wait. My contract signing was two weeks away—it was the longest two weeks in my life. Finally the day came... and I walked into the bank. The atmosphere was very serious. One of the bankers looked at me and said, “I heard that the unwanted tenants have left the house.” I just looked at him very coolly and said, “Yeah, some left.” He cleared his throat and said, “Sign here.” I signed. “Congratulations,” the banker said. “You’re the owner of the house.” I looked at him and said, “You know what? Actually everybody left the house.” He looked back at me and said, “My dear girl, if this is true, you have just made the best real-estate deal I’ve heard of in my twenty-five-year career.
Marina Abramović
Another good option for showing your rental to multiple people without wasting multiple trips is scheduling showings fifteen minutes apart. This gives you the best of both worlds in a small amount of time: dedicated one-on-one time with each person, while also overlapping each appointment with the next, letting each person know there are others interested and creating that feeling of competitiveness.
Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
Should something bad happen in your business and you are forced to appear before a judge, generally the rule holds true that “he who has the best paperwork wins.
Brandon Turner (The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits)
He had spent his life playing video games and doing drugs and had probably fathered five welfare babies, demanding the whole time that I pay for their health care. When a pipe leaks, he calls the landlord (at best) or (more likely) just lets it leak. Let the next tenant find out the floorboards have rotted and that every wall is covered with mold. His little girlfriend would be the type to cry about rights for animals because she thinks meat grows in the grocery store display counter. Smoking pot and spitting on our soldiers when they return home from fighting terrorists because she lives obliviously in a little cocoon built from our sweat and blood and tears. I said to him, “Imagine there’s a meteor coming to destroy the world. But some rich men have pooled their resources and built a big rocket ship to get people off the planet. They don’t have room for everybody, but you want a seat on that ship. Now, your having a seat means somebody else doesn’t get one. Space is limited. Food is limited. What would you tell the man standing at the door? What case would you make for getting a seat on that rocket ship at the expense of another person? What can you offer that would justify the food you would eat, and the water you would drink, and the medicine you would use?
David Wong (This Book Is Full Of Spiders: Seriously Dude Don't Touch It)
Prioritizing tenant safety first, then property protection and preventive maintenance, will help keep you on course and prevent injuries and liabilities.
Michael Boyer (Every Landlord's Guide to Managing Property: Best Practices, From Move-In to Move-Out)
Cash Flow & Loan Paydown Let’s talk briefly on how mortgages work. A mortgage is just a fancy word for “loan on a property.” An owner-occupied mortgage is that same loan, but requires you to live there for a more favorable price or terms. With house hacking, you are likely going to obtain an owner-occupied loan. For the purposes of this discussion, let’s say that you are getting a 3.5 percent FHA loan. If you purchase a property for $100,000, you will be responsible for putting $3,500 down in exchange for a $96,500 loan to be paid back monthly over the next thirty years. Assuming a 5.25 percent interest rate, the monthly payments would be $532.88 per month. Each monthly payment will be a combination of principal and interest. The principal is the actual balance of the loan the bank gives you—in this case $96,500. The interest payment is the amount that you are paying the bank for lending you money. In the first month, the concentration of interest payment will be highest, and as you continue to pay down the mortgage every month, an increasing amount of that $532.88 payment will be applied toward the principal. Take a look at the amortization schedule below to see how each payment over the next twelve months is comprised. Do you see how the interest portion of the payment decreased over time, but the amount applied to the principal increases? When you are paying down your principal, you are building equity in the property by paying back the balance of the loan. The best part about house hacking is that you are not actually paying the loan: Your tenants are! Not only are you living for free, and maybe even cash flowing, you own more and more of your house each month.
Craig Curelop (The House Hacking Strategy: How to Use Your Home to Achieve Financial Freedom)