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| | renting rooms out of my home - separate or together? |
| created @ 10/25/2008 04:33 pm |
| mum expired. [FRIENDS] |
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We're renting rooms out of our home to help pay for the mortgage.
We have two bedrooms and a livingroom with a bathroom, separate entrance, all that.
We REALLY want to rent out the whole space (both bedrooms + livingroom + bathroom) BUT the cost would be prohibitive for people who could rent a whole HOUSE for just $100/month more.
But splitting it up has its own drawbacks. We just finished with a renter who was paying weekly for one bedroom, and just skipped out after only a few weeks.
So:
a) rent the whole space out, monthly, knowing it'll be likely to be more stable, but it'll take longer to get a tenant. That works out to $950/month (incl utilities)
b) rent each bedroom out separately, and having them share a livingroom + bathroom (we furnish it all), and do it weekly. (weekly would be $125/weekly for single bedroom + all utilities included, but sharing a livingroom + bathroom with someone else).
Or perhaps some other option.
help! |
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