Updated over 7 years ago on . Most recent reply
Renting out spare bedrooms in a SFR
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?