All Forum Posts by: Dakota Rholetter

I am an STR property manager based in Savannah, GA. I understand that renting by the room is great income. However, I also understand the cost to me and my staff when there is guest drama. We do everything in our power to minimize this by dummy proofing the home and giving the guests tons of information. However, the rent by the bedroom situation is one I have avoided. Leaving out any gender issues, you have potential complaints about cleanliness and smells and noises and a thousand other things. I would much rather purchase a smaller home, tailored for solo travelers or families or purchase a large home for groups traveling together. I'm just not sure that the money that would come from renting by the room would be worth it.

Hello Julie,

I appreciate your feedback here! It is quite helpful.

The reason I am wanting/willing to do an SFR is because I plan on doing a house hack and in my area, duplexes, triplexes and multifamily properties are very far and few between. Thus, a larger single-family home would bring in the cash flow necessary to live rent free while house hacking, thus maybe forcing me into the SFR realm.

I also believe that it may be easier to keep up with the smells and other things you listed due to me living there and I could cut it out and after I moved after the year of living there, I could phase out the current leases and lease to a family.

Again, thank you for your feedback!

-Dakota

0 Votes

Originally posted by @Tim Delaney:

@Dakota Rholetter It looks like you are still looking for the house to house hack at this point, so I would suggest you find that first before you worry about details like this. Once you have the property you should vet the tenants based on their income and then since they will also be your roommates, decide who you want to live with. If everyone on BP commented on this post you would still probably end up without a concrete answer since everyone’s experience and opinions are different.

Thank you, Tim!

You are correct, I am still on the hunt for a home to hack! Just trying to learn as much as I can along the way to help the medicine go down!

I appreciate your great advice!

-Your Friend, Dakota

0 Votes

Originally posted by @Jeroh Odafe:

@Dakota Rholetter I'm a guy and as long as you don't see any personal and financial reason as to having a mixed (male and female) living in your sfr, I'll go with it. At the end of the day, you're house hacking to make money and that money is green. It doesn't matter if it's coming from a male or female. Main thing is that the money is coming. You will also learn a lot if you've both genders in a sfr.

Hello Jeroh,

Thank you for your reply to my post!

I agree that it is a business and money is green, my only concern is the headache that may come behind mixed sex residency. I agree though, as long as all is well then it doesn't matter if they are male or female!

Thank you for your feedback! -Dakota :)

0 Votes

Originally posted by @Austin F.:

I prefer mixed sex houses, haven't had any issues. Be very upfront about the living situation and expectations, have a system for chores in place and if anyone causes drama of any variety deal with it fast and effectively.

Edit to add: Don't rent to a family and live in a room with them, that's just weird.

Hello Austin,

Thank you for your advice! I specifically loved the note "Edit to add: Don't rent to a family and live in a room with them, that's just weird." I thought about this after the fact, and I could not agree more!

I am glad to hear that mixed sex housing has not been a problem for you under the conditions and regulations that you set up! I will certainly keep that in mind!

I appreciate your response!

-Your Friend, Dakota :)

1 Vote

Originally posted by @Matt Devincenzo:

Originally posted by @Dakota Rholetter:

If this is your primary residence you fall under an FHA exemption and you are allowed to use otherwise 'discriminatory' standards like sex and familial status in your decision making. You are not allowed to base a decision on race (that falls under the Civil rights act of 1866), and you cannot advertise discriminatory preferences since there is no exemption for advertising. But when someone applies you can decide based upon those standards.

Hello Matt,

Finally, a good straightforward answer to my posted question! I recently just finished Craig Curelop's book The House Hacking Strategy and read about the relaxed FHA laws within SFRs, so I appreciate you backing up my research!

Thank you for your response!

-Your Friend, Dakota :)

0 Votes

Originally posted by @Bruce Woodruff:

@Dakota Rholetter I wouldn't worry about it...everyone is so screwed up nowadays you don't know who you're getting anyway.....if you limit it to men, are you getting men who were women or women who think they're men?

Just focus on screening to get the best people you can..... IMHO

Hello Bruce,

I will certainly focus on my screening and due diligence no matter the sexuality.

Thank you for your feedback!

-Dakota

0 Votes

Originally posted by @Kelly Sennholz:

First of all, the comment "If you have a house full of women..." is extraordinarily misogynist. In my experience, the men have far more drama but that is an n of 1.

Secondly, I always rent to people who are neat, responsible, pay their rent, no "issues" such as drinking/drug use/violent romantic partners, etc. The sex or sexual orientation, race, etc. of the person is irrelevant.

C'mon guys, hop into the 2000s.

Hello Kelly,

I appreciate your reply here. I will definitely be renting to those I can perceive as neat and responsible.

I had no intentions of beginning a controversial topic, but I did. My intentions were to see if it were a good idea mixing tenants.

Again, thank you for your reply!

-Dakota

1 Vote

Originally posted by @Don Gouge:

What if you don't know the sexual orientation of your tenants and you rent to people of the same sex but one or more of them are gay?

Hello Don,

That is an excellent question. To which I reply that men and women have different emotional and environmental needs, my major concern with the mixed-sex living situation is when both parties/genders become annoyed with the other in the common areas of the home.

I have a friend in college that currently lives in a townhome of 5 males and 2 of which are homosexual, and it is not a problem for him or the other tenants.

I don't think that it would be a problem.

Thank you for your reply!

-Your Friend, Dakota

1 Vote

Originally posted by @John Underwood:

I think I would try for same gender to minimize any drama. Of course if you have a house full of young women that potentially lead to drama as well.

Why not rent to a nice family. This would be the likelyest less problem solution.

I'm ok with making a little less and having a simpler life.

Good luck choosing.

Hello John,

Thank you for your reply, I will definitely take that into consideration.

The biggest reason I would find it hard to rent out to a family is because I am planning on doing a house hack on either a SFR or an MFR, if I go with the MFR then it would be no problem to rent out to a family if the unit is large enough. However, if I do a house hack on a SFR it would be a bit harder to rent out to a family. Unless I took one room and rented out the rest of the house to the family, which wouldn't be a horrible idea.

Again, thank you John!

-Dakota

0 Votes

All Forum Posts by: Dakota Rholetter

Dakota Rholetter has started 3 posts and replied 18 times.

Post: Mixed Sex Tenants in SFR, Good or Bad Idea?

Post: Mixed Sex Tenants in SFR, Good or Bad Idea?

Post: Mixed Sex Tenants in SFR, Good or Bad Idea?

Post: Mixed Sex Tenants in SFR, Good or Bad Idea?

Post: Mixed Sex Tenants in SFR, Good or Bad Idea?

Post: Mixed Sex Tenants in SFR, Good or Bad Idea?

Post: Mixed Sex Tenants in SFR, Good or Bad Idea?

Post: Mixed Sex Tenants in SFR, Good or Bad Idea?

Post: Mixed Sex Tenants in SFR, Good or Bad Idea?

Post: Mixed Sex Tenants in SFR, Good or Bad Idea?