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Updated over 3 years ago on . Most recent reply

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33
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Daniel Kevin Lara
  • New to Real Estate
  • Rochester, MN
6
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33
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How to price by the room?

Daniel Kevin Lara
  • New to Real Estate
  • Rochester, MN
Posted

just pretty much would like to know where everyone goes to to check out rates when renting by the room?

i am going to househack my 1st property so iwant to get a head start by analyzing properties that i am interested in. 

my goal is to airbnb (STR) the bottom half of the home to hopefully produce faster and higher income by making it look nice.

and the i will be renting out one upstairs room while istay in the other one.

I am currently using rentometer but its just giving me the monthly rent for the whole unit so iwonder if theres another site for just rates by the room?

TIA🙌🏽

Most Popular Reply

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14,627
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11,304
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Theresa Harris
#3 Managing Your Property Contributor
11,304
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14,627
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Theresa Harris
#3 Managing Your Property Contributor
Replied

What does the rent include?  If all utilities are included, look up the comparable price on rentometer and active listings for the top half of the house.  If it is $1000, charge $550 for the room (assuming it is a 2 bedroom) and factor in average utilities.

  • Theresa Harris
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