House Hacking A Collecting Rent

[Elijah Lewis]

Thanks for clicking on this post! 

I am looking for advice on collecting rent money with my first house hack. I just bought my first property (single family home) and I am renting out two bedrooms to guys I work with. Due to the new IRS regulation on venmo and other cash apps regarding having to report any income over 600$, I am hesitant to use these platforms. I am not exactly "cash flowing" on the property but essentially just living for free minus a few small expenses. 

Do I just use a cash app of sorts and claim this as a reimbursement? 

How does this work?

Thanks for any help!