Dallas, TX · Member since 2018 · 40 posts · 15 votes
Im looking to purchase a SFR and rent out spare bedrooms (too much competition for MFR house hack in my area unfortunately). Using a lease for the bedrooms to be occupied.
How do you figure out what rent to charge? Is it something like a fraction of what the house would normally rent out for? For example the Rentometer website number * 0.75.
Is it better to charge a fixed rate at the beginning of the month for all utilities or split each bill as they come in the mail?
Is the eviction process any different then it is for a typical SFR rental situation?
Rental Property Investor · Haverhill, MA · Member since 2017 · 290 posts · 185 votes
8y
This would be considered a rooming house and has different/specific regulations in many areas as opposed to a traditional rental. Do your homework first.