Are You Considering Renting Out That Spare Bedroom?
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Monday, August 8, 2016
- Are you concerned about loss of privacy and dealing with other people’s problems?
- Are you also thinking how great it would be to pay down on your mortgage and other debts?
Consider me as your room rental mentor. I’ve been renting out 6 rooms in my 1910 craftsman home for 30 years.
I’ve been there, done that, with pets, pot, control issues, dishes in the sink, doors left unlocked, complaints, threats, agreements not kept, chores not completed, overnight guests, stuff left on floors and counters, and more. And yet, I LIKE RENTING OUT ROOMS!
- Company when I want it (office and bedroom doors shut when I don’t)
- Mortgage covered every month, along with utilities
- Friendships that often last long after tenants move to their next home
- Diversity—race, sexual orientation, age, values, hobbies, etc.—growthful
- New recipes; new outlooks; new experiences; new skills
- Living in a home with a view of the water and mountains that I couldn’t afford on my own
- Someone to look after the house, collect rent, when I’m gone on a trip
- Watching TV, sharing meals, gathering opinions, grocery shopping, etc. with housemates
- Having the feeling of family without the obligations
Perhaps you wouldn’t consider renting a room or two out except for needing the income. Hey, that works as a reason!
5 things to do before and after you place your ad in:
- Decide if you want the room(s) furnished or unfurnished. Either way works. If you have an extra desk or TV or chair that would be useful for the renter, and you don’t need it, offer it to him or her while living there. Be sure the room is painted, has a clean carpet or wood floor, has a closet, outlets, and whatever your room has that you consider necessary. If there is a separate bathroom for the tenant, that makes it a lot more valuable.
- Read the ads for roomers on the above sites; see what rooms are renting for in your area.
- When you place the ad, a picture of the room and/or house and/or backyard is very helpful. Tell the readers if it is a month to month lease, 6 months, or 1 year. Tell them rules (as, quiet after 10, no overnight guests) so you needn’t spend time talking to people who won’t accept those conditions.
- When you’ve talked to the potential roomer by phone, and feel good about the exchange, have them come and tour your home, ask questions about living there, and give you names & numbers of 3 references. Homeowners insurance doesn’t cover renters’ losses in most states, so encourage tenants to get Renters Insurance.
- If you don’t feel comfortable moving forward, call me at 206-938-8385 or email . Gather your questions or concerns together. I request $40/ hr. ($10/15 min.), and your first 15 min. are free. You can pay by paypal.com.
If you have a simple question that only takes a minute to answer, email me and I’ll answer by email.
For a free report on “Getting Ready to Rent a Room Out” give your name and email address. I’ll look forward to being of service and making your transition comfortable and easy and maybe even fun. To know me better, feel free to read excerpts from my book .
Join my FREE Tele-Seminar…