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Updated over 5 years ago on . Most recent reply
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Subleasing/ subletting to decrease living expenses
I'm currently wanting to get a 4-plex and house hack it. At the moment, I am unable to do that. For the time being, my wife and I are just renting until we are in the position to do so. We are renting a 1 bed 1 bath apartment for around $785 a month in Provo UT. An idea came across my mind to help us lower our living expenses. What should I know about subleasing or renting a bigger place and finding renters under my rent contract to pay for more of the rent expense?
Is it a good idea to sublease, and have people done it before to lower their rent expenses? What else should I know before making a plan to put it into action? I know as a landlord, it's probably not a good idea but I really just want to get rid of as much living expenses as possible.