Rent by the room aka co-living

[Thomas Key]

I am currently under contract with a home and plan to rent the other two rooms out. The rooms will be furnish with utilities included. I'm wondering what are the best channels to find renters, I would like to target young professionals in the area. Episode 560 gives great insight but would like to know what you would do in my shoes. Thanks.

[Nicole Masters]

Congrats on the home purchase that's super exciting! If you're furnishing the rooms you have a few options depending on what you're looking for, like someone else mentioned you can use Furnished Finder (mostly used by nurses traveling to hospitals) or Airbnb and make it 30+ day stays only. If you're looking for shorter tenants and to charge a little more those would be good options. If you're looking for more consistent roommates I would try Facebook marketplace, Craigslist, and my personal favorite roomies.com. Roomies.com is a great spot to look for other comps and make sure you're charging enough and you can also look at the roommates that are looking for rooms too! It'll show their budget as well as a little bit about them so you have an idea of what demographic of people are looking in your area!