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Updated almost 6 years ago on . Most recent reply
Rental per room
My contractor has had a house in Indianapolis that he made into a boarding house for retirees years ago and has bee doing very well with a waiting list.
My question to BP Nations is has anyone rented per room in a single family home and had you rental income increased.
I am most interested to hear from people who have done this legally and turned an acceptable rent property to an outstanding high rent property
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I have a similar type of rental 6 br house, for starters each room needs a room number, if you need to evict that is what is listed. Common use general areas are shared clean up, sometimes the people decide on a chore chart so it's kept track of. Weekly Clean house on Sunday. Shelf in kitchen for each room, fridge space is labeled. NO mini fridges permitted. NO Smoking. Designated parking spots. No junk outside their rooms. No overnight visitors. Down time as per what the guys set like, after 11 pm no loud TV, or music. Utilities are included but A/C window units are more $ during summer months to use. Crime Free/ Drug Free addendum and month to month leases with deposit.
Electronic key pad entry door, and on each room also... no keys