Hey BP,

My wife and I are preparing to Airbnb house hack a room in our primary residence here in Byran, TX. Best I can tell the room should rent for $50-75 per night. For those of you that rent out rooms, do you allow access to the living room, kitchen etc? What is the difference in rates between "just the room" and "room with access to the house"?

Yes, people generally have one private room and then some shared common space (kitchen, bathroom, living room).

You can do whatever you like but I don't know many people that just want to rent a bedroom with no place to prepare a meal. Then again, I don't understand why people pay money for sliced cheese when a block of Tillamook medium cheddar is so much better. You provide a product and see if people are willing to pay.

Give them access to the kitchen, bathroom and laundry.  I once gave a guy a bar of soap, a towel and a garden hose and told him to take a shower in the garage with the door cracked open.  He was fooling around with his bosses wife, but that is another story.

@Paul Sandhu haha, I should clarify the room has a full bath attached, will include a mini-fridge with microwave, and have a separate entrance. 

If the room has a separate entrance, a mini kitchen set-up, and bathroom, there is no need to access the rest of your house.  I would also make sure they have a comfy chair for watching TV, and a chair or two outside for them to sit if they smoke or vape or want to enjoy nature.