Is there any paperwork in Montgomery county Maryland for house hacking?

Question

Hello dear BP, I am learning a lot from all of you and thank you for being a great source for all us.

I have my primary house in Germantown MD and I would like to work on the house hacking. I wanted to check first if there is any paperwork that I have to do to handle that.

The house is 4BR 3.5BA single house the basement has its own bath but not kitchen, only wet bar. So what things should I be considering and what tax related ones shall I know before I go this route?

I see roomies.com seems to be a good place to find tenant for house hacking, do you have any other suggestion to source the tenant and also to check the background?

Thanks a lot,Kal

Kal Wol · Answer

Thanks a lot @joaqu so you are referring to have all the rooms furnished with bed and stuff and renting them out? Usually for how long would the rents would be going, like months? Also do you know which areas have done great for you?

Joaquin Camarasa · Answer

If you are ok with a little more work you might also try furnished finder for mid term rentals, depending on specific location, it can work very well. It has been working well for me.

Russell Brazil · Answer

Yup

Kal Wol · Answer

@Russell Brazil thanks for the quick and very information response. I see you are RE agent and have MD license. I would love to contact with you is the 4635 a good number to get to you?

Russell Brazil · Answer

Occupancy limit is 5 unrelated people in Montgomery County.

Kal Wol · Answer

Thanks a lot Russell, so in general the occupancy limit for the 4BR with basement will be 5 only, assuming the basement, or could that be potentially more? How would that be calculated?

Russell Brazil · Answer

You can rent out rooms if you stay under the occupancy limit. Can not put a kitchen in the basement and rent that out on its own unless you get an ADU license and meet the criteria for the license.