 Rent by room (by Nati [UT]) Mar 15, 2018 9:46 AM
 Rent by room (by Deanna [TX]) Mar 15, 2018 9:49 AM
Rent by room (by GKARL [PA]) Mar 15, 2018 9:59 AM
Rent by room (by Nati [UT]) Mar 15, 2018 10:28 AM
Rent by room (by don [PA]) Mar 15, 2018 4:04 PM
Rent by room (by WMH [NC]) Mar 16, 2018 3:44 AM
Rent by room (by Jo [CT]) Mar 16, 2018 10:41 AM
Rent by room (by cjo'h [CT]) Mar 16, 2018 11:26 AM
Rent by room (by cjo'h [CT]) Mar 16, 2018 11:35 AM
Rent by room (by Nati [UT]) Mar 16, 2018 5:35 PM
Rent by room (by Marv [IL]) Mar 19, 2018 5:28 AM
Rent by room (by Nati [UT]) Posted on: Mar 15, 2018 9:46 AM
Message:
Hi.
We have a house with 5 bedrooms and we have thought about renting the house by room as the best way to get more cash flow, but we don't have experience with that type of rental arrangement. What is your input? We have to do some fixing up that will take years to recuperate if we rent to a single family due to the rental market in the area. --97.117.xx.xxx |
Rent by room (by Deanna [TX]) Posted on: Mar 15, 2018 9:49 AM
Message:
First question-- what's your local ordinances limiting the number of unrelated people who can live in one house? --96.46.xxx.xx |
Rent by room (by GKARL [PA]) Posted on: Mar 15, 2018 9:59 AM
Message:
Deanna asks the right question. That's the first thing you need to find out. There are many people who rent rooms "undercover" but you have to understand the potential penalty for doing so if you get caught. --64.121.xxx.xxx |
Rent by room (by Nati [UT]) Posted on: Mar 15, 2018 10:28 AM
Message:
Good question. Let me find out. --97.117.xx.xxx |
Rent by room (by don [PA]) Posted on: Mar 15, 2018 4:04 PM
Message:
That is more like running a motel business than being a real estate investor. Worse, in a way. Do you want to referee fights over who made a mess in the bathroom and who ate who's peanut butter in the fridge? What's more, people who rent rooms are on the bottom rung of society, one step above homeless. Is that who you want to deal with day and night? --70.90.xx.xxx |
Rent by room (by WMH [NC]) Posted on: Mar 16, 2018 3:44 AM
Message:
DON/PA, read GKarl's threads on his rooming house. You are wrong, my friend. There are plenty of people who are poor but not scum. --50.82.xxx.xx |
Rent by room (by Jo [CT]) Posted on: Mar 16, 2018 10:41 AM
Message:
I rent rooms out. I live in a college town and kids look for just a room alot. i own a 3 family house and they know it becomes a roommate situation. All 3 floors get rented out that way.
This has happened by default. It's hard to rent out a 3 bedroom apartment to 3 students all coming in together anymore...they want just a room.
They basically get along, mind their own business, but all are responsible for cleaning at the end.
Another idea would be to include weekly or biweekly cleaning for the common areas, then up the rent accordingly. This might work out well for you, so just their personal rooms are what they need to be responsible for.
--32.215.xxx.xxx |
Rent by room (by cjo'h [CT]) Posted on: Mar 16, 2018 11:26 AM
Message:
Nati,away back in the 60s,we rented to students in the local college.the city ordinance was five unrelated people in one unit. We went accordingly.Built another unit for an RA,who handled the day to day calamities which happen in students lives.worked out good.........charlie..................................................................... --174.199.xx.xx |
Rent by room (by cjo'h [CT]) Posted on: Mar 16, 2018 11:35 AM
Message:
Don, when I was growing up,a wise man told me that it was no sin to be born poor. It was a very serious sin to remain that way. Happy St. Patrick's Day tomorrow.....charlie......................................... --174.199.xx.xx |
Rent by room (by Nati [UT]) Posted on: Mar 16, 2018 5:35 PM
Message:
Thank you everybody! I contacted the city where the house is located. They said that there is no limitation on the unrelated people leaving in the same house, but I can not divide the house.
--97.117.xx.xxx |
Rent by room (by Marv [IL]) Posted on: Mar 19, 2018 5:28 AM
Message:
Beware. I you rent by the room, you have a boarding house. You have a business and will pay social security taxes on income. --173.15.xx.xxx |
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