Loss
County called it a change of use. $10,800 gone.
I spend most of my time on land and zoning, which makes this one embarrassing. I checked the wrong thing. 1970s ranch, four bedrooms, two baths, bought at $198k in a small city on…
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Co-living and room-rental investing means renting individual bedrooms within a property rather than leasing the whole unit to one tenant or household.
Log in to followI spend most of my time on land and zoning, which makes this one embarrassing. I checked the wrong thing. 1970s ranch, four bedrooms, two baths, bought at $198k in a small city on…
I want income, I don't want a second job. A house near me is set up with four bedrooms rented separately, about 700 a room, and the whole-house rent for the same place would be ma…
I finally have something specific in front of me instead of just theory, so I'd rather be told what's wrong with it now. The house: 5 bed 2 bath, about 2,300 square feet, built 19…
I've been building a buy list for room rentals for a while and kept hitting the same wall: I could find 4 bed houses all day, and I had no idea which ones I'd be allowed to rent b…
I hold two land parcels that produce nothing but tax bills. The house was supposed to be the thing that paid those bills, so last year I bought a 4 bed 2.5 bath in a 1990s subdivi…
I bought this thing because I wanted income without picking up a second job, and the whole test was whether a room-by-room house can survive being run by somebody else. Three year…
Trying to work out the monthly overhead on a 4-bed before I go further. I've seen co-living operators mention things like room-level listing sites, rent collection apps, and somet…
Still in diligence, so nothing is signed. The house is a 3 bed 1.5 bath in a working neighborhood about a mile from a community college. Whole house would lease around $1,650. Thr…
I have money to place and haven't picked a lane yet, so treat this as a beginner question about the model itself. A sponsor sent me a one pager comparing two scenarios on the same…
I'm looking at a 4-bed house that the current owner rents to four separate people. He described it as per-room, but the paperwork he showed me is a single lease with all four name…
I've been trying to work out where I fit on the service side and this landed in my lap. An owner with a six room house had five people move out in the same two weeks (student cale…
I run small multifamily and I'm underwriting a house I'd convert to six rooms. Gross at 850 per room is 5,100 a month. I've got utilities all-in at 480, internet 90, cleaning of c…
I mostly deal with land and zoning, so I read the ordinance before I did anything else, which for once was the right order. The house: 4 bed 1.5 bath, inherited, free and clear, a…
Two houses, 7 rooms total, both running as separate room leases. Through 2023 every single lease ended between July 15 and August 31 because that's when I signed the first ones an…
Everything written about this model says renting four rooms beats renting the house. Fine. But the premium has to have a ceiling, because at some point the per-room rent times the…
I've spent two months on ordinances instead of listings and I've narrowed to two very different first purchases. I can't tell which one is the beginner version. Option A is a mid-…
Looking at taking a piece of a single house deal and the financing doesn't line up with the operating plan. Purchase price 420k, it's a 4/2 with two bonus rooms converted, so six…
I have a 4 bed 2 bath under contract in a older neighborhood about a mile from a community college. Closing in three weeks and I still haven't decided how to lease it. Whole house…
I look at the service side of this business more than the ownership side, and the marketing language is confusing me. One listing calls itself co-living, monthly membership, commu…
The rent side of this is working. Three houses, 14 rooms total, occupancy has held around 90% room-nights for the last year, and collections are fine. What's eating me is conflict…