Rent by Room Lease Examples

[Bridget Brazelton]

Hi there,

I’m looking for people to network with that utilize a rent-by-the-room strategy. Does anyone have a lease they use for this scenario? Do you put all tenants on one lease, or have individual leases for each occupant?

As a follow up, my lender was unsure if (for example) he could use three different bedroom leases as income on a single family property to qualify toward my next loan. He thought perhaps only one or two. Has anyone run into this scenario? If so, how have you overcome it? 

Thanks!

Bridget