Anyone Doing Rent by the Room Models in Austin TX?

[Andrew Freed]

I was thinking of purchasing a SFH and utilizing a rent by the room model. Has anyone implemented this strategy in Austin TX? Have any Advice?

[Ryan Kelly]

I have a few clients utilizing this strategy. Unless you are planning to move here and run the property yourself (or live in it and rent the other rooms), it will be pretty difficult long-distance. A traditional property management firm doesn't handle rent-by-the-room properties, so you'll need to contract with a national company like Bungalow. Take a look at their model to see if it works for you. Happy to connect you with their local liaison.