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Updated almost 8 years ago,
Collecting House Hacking Rents
My first post on BP!
I am currently under contract for a SFR that is a 4 bed 2 bath and am looking to house hack. I've run all of my numbers and am happy with how everything looks. However, I am looking for some advice from those who have house hacked themselves for collecting monthly payments. I'm very open to suggestions as I haven't made a decision yet.
What have you found to work best to keep a healthy relationship with the tenants/roommates that I rent the rooms out to and collecting their payments each month? Especially with apps such as Venmo that can make things as simple as sending a request to the tenants at the beginning of the month.
Look forward to hearing your suggestions! Thank you,!