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Updated about 4 years ago on . Most recent reply

User Stats

13
Posts
9
Votes
Jasmine Calin
  • Rental Property Investor
  • Charlotte, NC
9
Votes |
13
Posts

Rent by the room (RBTR)

Jasmine Calin
  • Rental Property Investor
  • Charlotte, NC
Posted

Wonderful community! I have a question - I rent by room in the Charlotte area and up until this point, I have rented all my rooms through referral and my tenants bringing me qualified folks (I've been very lucky). I have a vacant room now and for the first time I have taken to the internet to advertise. I posted on Facebook, put my room for rent on Hotpads, posted on Craigslist, and I have gotten a lot of interest. However, no one is applying. I was wondering if anyone does the rent by room and how you vet tenants. It seems that the application process is pushing folks away. They either know they won't qualify or they don't want to go through the hassle. 

Most Popular Reply

User Stats

304
Posts
185
Votes
Andrew Powers
  • Investor
  • Cincinnati, OH
185
Votes |
304
Posts
Andrew Powers
  • Investor
  • Cincinnati, OH
Replied

I rent by room and use same process as a normal rental. I use Cozy to vet candidates and manage tenants. Vetting thru cozy is simple as the candidate pays $40 thru the website, personal info is protected, and I see results report. 

I make it clear in the FB/ craigslist ad that I do background, credit, reference checks to ensure their safety/harmony along with the other roommates'... to help them see the value in spending the $40 to apply
 

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