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Updated about 7 years ago,
Rent out rooms or the whole house?
I maybe leaving the area for a few years and need to rent out my personal residence. It is a sfh 1250 sqft 3 bed 2 bath my first home. The same house in my area rent for 1250 a mo. Bed rooms tend to rent for 550-650. This seem like a no brainer my wife is concerned about find three good tenanted vs one. With management fees I would be 100 or so out of pocket just renting it. It on a 15 year mortgage with a good interest rate. What other advantages or disadvantages to these two possibilities? Thank you for your time. BP family