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Updated almost 7 years ago on . Most recent reply

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Marie-therese Tai
  • Brooklyn, NY
9
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How much to charge for roomate

Marie-therese Tai
  • Brooklyn, NY
Posted

My tenant wants to move in his pregnant girlfriend what is an acceptable additional amount to charge ? . I havent raised the rent in the almost 3 years he has lived there , he currently pays $1K/mo for a large studio. I don't want to gouge him, it's Brooklyn , in an area that is slowly regentrifying, but rents are expensive and I suspect I'm actually below market rentwise

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Tyler Jahnke#2 Ask About A Real Estate Company Contributor
  • Rental Property Investor
  • Oakland, CA
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341
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Tyler Jahnke#2 Ask About A Real Estate Company Contributor
  • Rental Property Investor
  • Oakland, CA
Replied

Hi @Marie-therese Tai - I'd recommend using https://www.rentometer.com/ to ballpark what the market rent in your area is.

I'd also take a look at Craiglists and see what studios with similar square footage are. Take an average of what you find and that should give you a decent representation of what your place can rent for.

Depending on that number, you can adjust. If he's been great for 3 years, like you said, I wouldn't rock the boat too much...an on-time paying renter is the best thing you can have...but definitely do your research and figure out at least what your studio is worth.


Let me know if you have any questions!

-Tyler

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