Renting my new investment by the room

[Keeya WangJones]

Hi BP, It has been an exciting year but also a painful one. I finally bought my first investment property and put a some funds into to create a granny flat studio. Unforeseen because mostly lack of experience and it’s my first property, it has been extremely hard to rent out my house. Under some unfortunate circumstances, I lost a tenant that was doing a test 6 month trial of renting the granny flat and garage to a month-to-month lease for musIcal needs. It was a good situation until a neighbor was extremely mean to them and threaten them. Lease was immediately converted to month-to-month. Garage as storage. Long story short... I’m having a hard time renting out my house now. It attracts families and the family market do not want to share the property land usage with other people. They have very specIfIc family needs. My house has been empty for too long. Going on 3 months. I removed all restrictions such as no dogs. Therefore, now I would like to just rent my main house by the room. 3 bedroom and 1 bath. Large bedroom at 400 sq ft. I know that I‘m inviting higher turn-over but it‘s better than an empty home. Empty of people and furnishings. Has anyone start from scratch in renting by room before? Did you post the entire ad for the home or did you just post one ad per room? OR both. How did you obtain tenants? I‘m posting currently on Craigslist Essentially, the tenants are strangers. How did you deal with conflicts? How did you land your first tenant to occupy one room? How did you get the other rooms rented once you got the first one done. I WISH I COULD POST ON A ROOMMATE SITE THAT SHOWS HOMES AVAILABLE SPECIFICALLY FOR ROOMMATES. Any other advice is appreciated. I have to get my main house rented ASAP. Vacancies are taking a huge financial toll. Cheers!