Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply

User Stats

6
Posts
1
Votes
Troy T. Felder Sr.
  • Rental Property Investor
  • Philadelphia, PA
1
Votes |
6
Posts

Renting a Bedroom in my Home

Troy T. Felder Sr.
  • Rental Property Investor
  • Philadelphia, PA
Posted

Good Afternoon BPF,

I was approached today by a friend of mine who would like to rent out a room in my home. My question to the group is, what is the best way to do this and cover myself. Is this the same as leasing the entire house? Do I need to make a change on my insurance and provide them a room rental lease? Thank you in advance.

Troy F.

Most Popular Reply

User Stats

32
Posts
28
Votes
Jeff Fox
  • Investor
  • Fort Collins, CO
28
Votes |
32
Posts
Jeff Fox
  • Investor
  • Fort Collins, CO
Replied

As mentioned above, I would highly recommend renters insurance for the room mate.  There is a good chance that your policy won't cover his belongings.  If something happened to the house that resulted in his stuff being lost or damaged, he may expect you to cover this even if you are on good terms.  I moved in with a friend for a while and asked my insurance agent specifically about this and he wrote me a renters insurance policy to cover my belonging for really cheap.

  • Jeff Fox
  • Loading replies...