Rent By The Room Property Management

[Kenton LeVay]

Hey BP,

I've looked around a bit for property management that is willing to rent by the room but haven't had much luck. This isn't something I ~need~ right now but it is something I'm looking to for scalability. Is anyone out there aware of or has had experience rent-by-the-room property management?

Ps: Located in Raleigh, North Carolina.

[Victor Steffen]

@Kenton LeVay Rent By The Room is the main focus of my business as a realtor, investor and manager here in Austin TX. As others have said- it's a total headache if you don't have the right systems in place. You also need to make sure you're purchasing the correct house with the right layout for RBTR success. 500sqft per tenant, no more than 3 roommates per shower though 2 roomies per shower is ideal. Multiple living areas (such as an upstairs living room as well as a downstairs living area). enough parking (focus on 3 wide garages, corner lots, or houses with long road frontage so as to not peeve your neighbors with cars parked in front of their houses). No HOA restrictions and stay within the non-related occupant codes in your city. There also needs to be cultural adoption in your city for the RBTR model. I know some cities where it is taboo to admit in your social circle that you live with a roommate, whereas in others it's expected.