How to Rent Rooms in Your Home
The pages of this site cover how to rent rooms in your home
as a source of extra income. They also suggest how you might
have room rentals as a business, in the form of a boarding house
or something similar. Renting rooms can actually be less complicated
that operating regular residential rental properties.
Most of this content was originally from my book on how to
rent rooms profitably, and is laid out below in the same order
as it was in the chapters of that book. You can read the following
pages in the order listed then, but you might also want to skip
to the parts that you need most if you already have tenants living
Featured Pages | News | Tips
How to Rent a Room in Your Home and Still Have Privacy
- March 2013 - It can be an interesting experience to live with
strangers. That's essentially what you do when you rent a room
in your home to somebody you did not previously know. You hope
that you chose a renter wisely, and that you find someone who
How to Choose a Roommate - We had a renter go
to jail for writing a bad check once. Fortunately she was paying
cash for the room rent, and her... Continue
New Room Rental Laws - New York City enacted
a law last year making it illegal to rent out residential spaces
intended as permanent, rather than transient, residences for
less than 30 days. This, and laws in other cities, are in part
a response to short-term rentals arranged on sites like Airbnb.com,
where people go to find rooms in residences rather than hotels.
Although neighbor's complaints may be a factor in the creation
of the new rules, they also stem from the usual corrupt political
process; specifically, lobbying by groups like the Hotel Association
of New York City, which wants to use the power of law to prevent
Consider Compatibility - When renting out a
second or third room in your house, think not only about whether
you like a potential tenant, but also about how he or she is
likely to get along with you other tenants. You don;t want to
live in a house full of tension and you don't want to lose one
good renter due to another.
How to Rent Rooms - The Pages
to Rent a Room in Your Home - And still have some private
Why Rent Rooms? - A few good
reasons for considering it.
Renting Rooms in
Your House - A look at income potential, with examples.
How Much to Charge
for a Room - Basic guidelines for how to determine this.
Determining Room Rental Rates
- More on what to charge for your rooms.
Renting a Room - More on What
to Charge - The final part on naming your price.
How to Rent a Room Without
Big Problems - Avoiding trouble.
Room Rentals: What to Include
- And why this is important for peace of mind.
Collecting Rent from Tenants
- How to set things up for easier collection.
for Rentals? - I didn't have them, and here's why...
Income and Expenses - Some guidelines to follow.
How to Find Roommates -
Several ways to locate tenants for your rooms.
Roommates: How to Advertise for Them
- What to put in those ads.
How to Choose a Roommate
- Part One - With a true story of a chronic liar.
Questions for Renters
- A list of them for you to ask each prospective tenant.
Getting the Best Renters -
Some final notes and suggestions.
Boarding House Rules - You
have to have rules; here are some to consider.
Rental Regulations and Legal
Issues - My opinions are not legal advice, but...
Tenant Evictions - What
to do to get problem renters out of your home.
Renting a Room in
a House - Tax Consequences - What to do about taxes.
Rent the Room - But Don't Stop
There - Other ways to profit from tenants.
Renting Rooms - Dealing With
Problems - Time to get creative and tolerant...
Renting Out a Room - A Checklist
- Just so you don't forget anything...
A Shed Bedroom? - Yes, I rented
out a shed. The details...
Renting a Room Out - Some
additional tips and suggestions.
Renting a Room in
Your House - How to prepare for it.