How Much to Charge For Rent

[Joseph Romano]

When house hacking, do you charge the tenants for the beds and bath they use or do you charge them the full 4 bed, 2 bath rent?

Example:

• Single-family
• 4 bed
• 2 bath

Median rent for 4 bed, 2 bath is $1,850

Median rent for 3 bed, 1 bath is $1,250

[Jeff Cantrell]

@Joseph Romano

First look at it from a financial standpoint. Run the numbers and see what makes sense.

They’re obviously not going to pay you for the entire house when you are using part of it yourself. Make them a price that’s fair to you and them. Have a clear cut contract. Treat them well and watch them build wealth for you.