Finding tenants for a rent-by-room House Hack

[Grayson Muehlstein]

I just wanted to get on here and bounce some ideas off of those who have any experience with the rent-by-room House Hacking method. What are some successes or failures you have had using this strategy? How can I feel more comfortable about getting into a House Hack and actually being able to find people who would even consider living with other strangers in a single family home? The concept sounds great but the execution is what concerns me. I could see this being an easy choice for someone who had identified a few friends or people they know already who they would plan to live with. I will be going to a new city and will not have this luxury so wanted to see what others had to say to ease my uncertainty or to validate why I am uncertain. 

[Michael Haas]

If you trick out your property, making sure its stylishly painted, has good room sizes, and is setup well for work from home (ideally with high speed internet and some flex spaces / office spaces) you can get a lot of interest. It's all about catoring to the right demographic, which for househacking here in seattle is 21-35 single young professionals in tech, medical etc. A lot are new transplants to the city, like yourself, and may be interested in the instant community a by the room rental provides. 

Happy to chat more on the phone or over coffee if you're interested. We're on Househack #4 now, and although we househack by the unit now (with duplexes or Single Family Homes with an ADU or two), by the room househacks and rentals was how we got started.