Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago on . Most recent reply

User Stats

21
Posts
5
Votes
Cristian Rivera
  • Rental Property Investor
  • Denton, TX
5
Votes |
21
Posts

The first step!!!!!!!!!

Cristian Rivera
  • Rental Property Investor
  • Denton, TX
Posted

Hey guys, 

I recently purchase my first house and I'm planning on renting out three rooms while I stay in the master. It is located in Denton Texas close to Mayhill Rd and I35. I am planning on charging $600 per month including utilities and internet. I'm wondering what do you guys think, recommend, would like to add, what word of advice would you like to give ... Also I was wondering how should I advertise these room so that I can fill them as quickly as possible. And what should the deposit be as I was thinking $600 plus $35 app fee. 

Most Popular Reply

User Stats

127
Posts
78
Votes
Jason Cacioppo
  • Real Estate Agent
  • Commerce CIty, CO
78
Votes |
127
Posts
Jason Cacioppo
  • Real Estate Agent
  • Commerce CIty, CO
Replied

  I would specify in the ad that the rooms are for only ONE tenant each so you don't have couples trying to share the room. I like to get to know a person via text first before offering them a showing. If they don't have the patience to answer a few questions via text, you may not want to live with them. The standard questions I ask are: What would a background check reveal about you; what do you like to do in your free time; are you currently in a lease, if so, why are you leaving. I generally avoid people with no rental history or who still live with family. You could also do an month to month lease just in case the person isn't a good match. Many people can afford the rooms, but you should be very picky with who you live with. For example, a trucker can easily afford the $600.00 in rent, but do you really want to live with a 55 year old female trucker who drives nights and therefore must sleep during the day? I also created a list of house rules that I send to candidates who make it through the initial questions. If they have any strong objections, that's fine, you potentially just saved yourself a world of frustration. You really need to lay down rules about visitors, drugs and animals.

Loading replies...