The formal answer

The board. House Hack, Inc. has three directors, appointed at formation on June 22, 2022: Kevin Paffrath, Ross Gerber and William Stewart. The board approves major transactions and, on the two purchases from Kevin or his affiliate, required independent appraisals and voted with Kevin absent. 12

The practical answer

Kevin’s family trust holds 100% of the voting stock, so the board serves at its pleasure and no shareholder can replace a director. One of the two other directors is his father-in-law. The offering circular discloses this concentration as a risk: investors are relying on his judgment and cannot remove him.

The checks that do bind

An annual audit under PCAOB standards by an independent firm. Regulation A reporting that forces every related-party transaction, every lawsuit and every insider bond purchase into a public filing. A nine-month SEC investigation that examined all of it and closed. A director, Ross Gerber, retained to keep evaluating the company’s net asset value. None of these can veto a decision; all of them make it visible.

What a reader should take from this

Founder control is the design, not an oversight. The company’s answer to who overrules Kevin is: no one, and here is everything he does.

In his own videos

• May 2025: Ross Gerber, on the board, pushing back on the price at which Kevin sold property to the company. 3

• October 2025: why he values Gerber, who will tell him when something is a terrible idea. 4

From the filings: the board over time, and what the directors are paid

The 2023 offering statement listed five directors, all appointed June 22, 2022: Kevin, Robert Carey (also Secretary and Treasurer), a second outside director, Bill Stewart and Ross Gerber. By the September 2026 statement the board was three: Kevin, Gerber and Stewart. The 2023 statement also disclosed that Gerber’s firm, Gerber Kawasaki Wealth and Investment Management, provides cash management services to the company and that Gerber benefits from that, and that Carey’s firm provided accounting and tax consulting.

Gerber and Stewart each received 6,720,786 options under the December 2025 plan, on the same five-year cliff and hurdles as the officers. A director who is paid by the company through his own firm and holds options in it is not an independent director in the exchange-listing sense; the company is private and the filings do not claim he is. 56

What the directors are paid, from the annual reports

2023: the five directors as a group were paid $0. 2024: the two outside directors received $100,000 in aggregate, half in cash and half in non-voting stock; one director left the board July 24, 2024 and Carey on November 26, 2024. 2025: Ross Gerber was paid $60,000 through Gerber-Kawasaki Inc. under a consulting agreement for financial statement review and ongoing net asset value evaluations; William Stewart received nothing. The reports add that the board may later be compensated in cash or options at Mr. Paffrath’s discretion. 789