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Updated about 1 year ago on . Most recent reply

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Robert Johnson
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Has anyone executed a rent-by-the-room strategy remotely?

Robert Johnson
Posted

I'm exploring a house hack opportunity but want to make sure that the property will cash flow once I decide to move out. I live in Austin, TX so the property prices are high here and I can't seem to find much of anything that will cash flow as a LTR. Given that there's a higher income opportunity I'm wondering if doing the rent-by-the-room strategy might work? Does anyone have experience doing a rent-by-the-room strategy remotely? Are there property management companies that manage rent-by-the-room properties?

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Russell Brazil
Agent
  • Real Estate Agent
  • Washington, D.C.
30,059
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17,420
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Russell Brazil
Agent
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

The best way to implement this is to have a "lead" tenant in the house. Rent to them at a discount in exchange to manage the property.

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