General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 5 years ago,
Thoughts on Renting Guest House on Property?
Hi BP,
We have some property and are considering building a main house along with a guest house that we could rent (either long-term or short-term, which are both permitted by town). A nearby neighbor has a 750sqft guest house renting for $2,250/month, which would be an excellent subsidy to our main house that we would build as our primary residence.
My wife is curious to hear from the BP community if you all would be hesitant to rent a home on your property if you have young kids at home. Would you feel this is unsafe/undesirable to essentially have a stranger living on your property with you (short or long term)? As we haven't done this before (our other rentals are not co-located with our primary residence), we would greatly appreciate your thoughts!
Thank you for your consideration.
Best,
Josh