All Forum Posts by: Gustavo Mendoza

Finding a tenant that is disciplined enough to keep up with house chores has not been easy for me despite the agreed expectations set at the beginning. It seems like people just want to wait until the house is infested with ants and roaches to signal "it's time to clean".

Hi Elvin,

That's exactly what I'm doing. The garage in my SFH was already pretty nice though. It has power and it's sheetrocked all the way around. All I added was nice garage floor tile. So I use my garage as my room and rent out the three other rooms. I have a 3bd 2bth, so obviously we share bathrooms. But thats not much of a problem. The only thing is that you won't have heating and AC, so you'll have to provide your own. Other than that, you should be alright.

Thanks a lot for this! It was very helpful.

Thank you! That was very helpful! 

Thanks guys! This is great help. So on that point, when should I consider reporting it on taxes? I'm guessing the way to do it would be by opening up an llc, and going through there. I don't have much, it's just my owner occupied 3bd 2bth SFH renting out two rooms generating a total income of 1400/mo. Doesn't even cover the full mortgage.

It's a SFH. I live in the property. So it's a conventional owner occupied loan with 20% down. But now that you mention it, "do I really need to report it for taxes"? I mean I'm just a single guy with a 3bd 2bth SFH looking to save money by sharing the house with roommates.

Hi there fellow Househackers,

I've been getting contacted by mortgage lenders left and right offering me to refinance down to a lower rate with them. When it comes to qualifying for a loan like verifying your income, credit score, debt to in come ratio etc, will it help to say that I receive additional income from my househack tenants aside from my w2? Thanks in advance. I appreciate all your support.

Yeah. It's furnished right now. Do you guys list the rooms for the same price whether it's month to month or a year lease?

Hi everybody. I have a 3bd 2bh househack in Merced, CA. I went through Zillow to list the property and do all the screening. A prospect asked me if i was doing a month to month, or lease. What are the pros and cons of going through a year lease vs month to month? What do you guys consider to be a better option? Thanks in advance for your cooperation? 

Sorry. I thought I replied a while back. I'm not very good at using the forums here. Anyway, thanks for your question. My SFH househack is in Merced, CA. A City that grew from 78k people to 90k people in about 10 years. My househack appears to be in a C neighborhood, but my street seems to be a B. The houses in the streets around me were built in the 70's, but the ones on my street were built in 2006. It's a different look. Most of my neighbors are homeowners. My house is close to the freeway, gas stations, coffee shops, fast food, and downtown. And within a fifteen minute drive to UC Merced, the Hospital, and the Community College.