Renting a room? I wish I had thought of it sooner, but one day many years ago I finally gave it a try. I had a thee-bedroom mobile home on small piece of property, and I soon found that it was easy to rent out not one, but both other bedrooms. I suddenly had thousands of dollars extra each year.
Many towns with high rent have a high demand for rooms. Single people share apartments with others, and inevitably have problems with splitting bills, what to do if one is late with their share of the rent, who made which phone calls, etc. When they see a room for in a nice home, with everything from local cals to cable TV included in the rent, they love the idea.
Renting A Room – The How To
Always include everything in the rent. You’ll avoid arguments about who owes what for utilities, or who watches the cable TV more. Cancel long distance, get a phone card, and just have local service. When utilities get too high, raise the rent. Just don’t be tempted into “share” arrangements for anything.
While others were fighting with landlords and roommate-friends, my renters stayed for years. They had no household bills to pay, and...
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