House Hacking Single Family Home

[Tatiana Raid]

I've decided to get started with investing by house hacking my 4 bedroom home. I've got 3 available rooms and I am seeking advice on how to run ads.

-Do I run ads for each room individually and wait for 1 room to be filled before running the next ad?

-Do I combine the three, interview all applicants and then choose 3 individuals all together to fill the rooms at once?

-What sites do you use to fill a single family with 3 different renters?

What has worked best for those of you that have house hacked a single family home? What are things that I should avoid?

Thanks in advance!

[Jonathan Bombaci]

I agree with @Brandon Reed I'd run them all at once and interview them 1 by one. If one bedroom is better than the rest but they're all the same price say the earliest applicant picks their room. It also probably won't be a bad idea to have the tenants meet each other before they move in together but that may or may not be necessary. 

For advertising I'd say it depends on the type of tenant you want. FB Marketplace and Craigslist appeal to different demographics but those alone would probably keep you very busy. Sites like Apartments.com and Zillow could be good if you're looking for a more professional roommate but won't give you as many leads. If you do them all be prepared and have an upfront screening mechanism like an automated e-mail that says "please fill out the attached application and send us a copy of a free credit report, once we received that we will reachout to you to schedule a showing" otherwise they'll run you ragged. 

Househacking a SF is great I wish more people thought the way people do on this site. I think they're is a podcast on The Money Show side of the BP brand where they interview a BP staff member that does this. If you haven't listened to that I'd recommend you go check it out.