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Updated over 4 years ago on . Most recent reply
Housing hacking with 7+ Bedrooms !! - Pro Investors help needed!
Just put an offer on a 3,500 sq ft tri-level home in Colorado that has 7 bedrooms / 5 bathrooms ($700 each) and am thinking to potentially add 1-2 bedrooms more. However my question is when is to much rooms too much? Im worried it may be difficult to rent out 7-9 bedrooms to different individuals. Im currently doing the same for a 6 bedroom townhome , and currently renting out 5 of the 6 bedrooms (always difficult to have maximum occupancy). Im thinking people will be deterred by the fact that there are so many other people living there. Lastly the basement also has an additional kitchen so we can technically separate the basement tenants from the rest since we plan to make it a walk out . So it would not feel as though there are as much tenants (theres 3 bedrooms now , potentially 4 bedrooms in the basement ) . Any thoughts???
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- Real Estate Broker
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Anything is possible. There's no way I would live in a house with 6+ different renters and only one kitchen.
What about the neighbors? Do you have room for six people to park their cars? What about space for their visitors? How do you handle shared space like a living room? Who cleans the living room and bathroom?
Different strokes for different folks but I wouldn't be happy about it as your neighbor, I wouldn't want to live there as a renter, and it sounds like potential for extra work and problems.
- Nathan Gesner
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