The power of monthly furished bedroom rentals!

[Henry Lazerow]

Brokered a client this 5br 2ba house in Portage Park neighborhood of Chicago but the cheaper less nice side of town for $350,000. He put about $40k in rehab and ended up renting monthly for $1500 master and $1000 each bedroom. The bedrooms all got rented first month on market and total now is $5500 a month. Normally 2/1 entire apartments in area go $1600-2100 ranges so these were surprisingly high for just bedrooms. We found there is a large demand for the flexibility of month to month rentals. Cool option for house hackers looking on north side of Chicago.