Renting out extra bedrooms in your own personal house.

[Isaiah Williams]

So I bought myself a 3 bed 2 bath 1200 sq ft house in the beginning of this year, but It is just me in the house since I live alone. I've been looking at ways to save money so that I can build up my capital, and I came up with the idea to possibly rent out the spare 2 bedrooms in my house. Now, I am hesitant on the idea of inviting complete strangers to live in the same house that I do (obvious reasons there), but I can't argue with the numbers and financial sense that it would make. I also live in what would be considered a "low-income area" and although my house is pretty nice considering most houses in the area, I'm still worried about how I would even find decent tenants for the area that I am in. Has anyone ever considered renting out their additional bedrooms in their own home before? Has anyone actually done it? How did it go for you? Was there anything that you wish you had done or not done that would have made it a better experience? Any feedback or advice that ANYONE has would be extremely appreciated! I'm very open-minded to alternative ideas as well! 🤗 Thank you so much!

[Robin Searle]

@Isaiah Williams are you thinking of doing it via Airbnb or VRBO or are you talking more long term rental? If long term, I'd treat it just like any other rental and do a thorough screening. The tenant screening offered through this site is one of the best I've found. If you are doing short term vacation rentals then I'd first start with checking into local regulations to make sure the city (or HOA if you are in one) allows that. Then do a ton of research both on this site and places like YouTube which has great videos on setting up STR's and what you need to do in order to get good reviews.