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Updated over 4 years ago,
alternatives to traditional rental?
I'm wondering if anyone has creative ideas for how to make some income from a 3br SFH without renting it out as a full time residence. The house just became vacant, is located in Seattle, and I'm reluctant to rent this out to new tenants as a traditional residence right now. You can probably guess why.
I was imagining renting out the rooms as 'home offices' and/or storage. I don't expect to make as much as my usual rent, just hoping to make enough to cover taxes and utilities. At some point I hope to either rent it out as a residence again, or trade it for a rental in a more landlord-friendly city.
Is this a ridiculous idea? Does anyone have experience doing this? Thanks for any thoughts and suggestions.