- This topic has 4 replies, 4 voices, and was last updated 8 years, 1 month ago by CA renter.
April 30, 2015 at 5:17 PM #21503April 30, 2015 at 5:21 PM #785581gzzParticipant
My plan is to put up listing for both, but I’ll probably have to decide first, since the rent on the two smaller bedrooms will be extremely competitive in a popular market.April 30, 2015 at 9:40 PM #785583CoronitaParticipant
Are you planning to still live there? I guess the question is whether you want to chase after 4 rents every month versus 1. Also, what happens if one doesn’t pay? I don’t know how that would work.April 30, 2015 at 9:40 PM #785584spdrunParticipant
Renting by the room might fall foul of the mini-dorm law. I’m not saying to be a goody two-shoes, but don’t get caught 🙂May 1, 2015 at 1:55 AM #785595CA renterParticipant
[quote=flu]Are you planning to still live there? I guess the question is whether you want to chase after 4 rents every month versus 1. Also, what happens if one doesn’t pay? I don’t know how that would work.[/quote]
This is exactly one of the main problems with renting rooms vs. a whole house (aside from code issues, as mentioned by spdrun).
If you rent room by room, you will have to manage four different tenants. That’s four different ads to attract tenants, four different lease agreements, four credit checks, four different people who might be bringing in boyfriends/girlfriends…not to mention all the chaos that might create among the tenants, etc. How would they share common space? Refrigerator/cupboard/kitchen privileges? Who is responsible for maintaining/cleaning shared bathrooms and other spaces?
If you’re living in the home and you know the room tenants well — and everybody gets along — that’s one thing (I’ve done that and lived with long-time/childhood friends), it’s another to live there and rent to strangers (done that, too…with stories to tell). But at least if you live there, you can keep an eye on things.
If you’re not living there yourself, I’d say no way. Not even close to being worth the potential hassle. Just my 2 cents.
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