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Updated almost 4 years ago,

User Stats

20
Posts
5
Votes
Tyler Smith
5
Votes |
20
Posts

Tri-plex rental options (long term/airbnb/or per room)

Tyler Smith
Posted

I am considering my options on a potential tri-plex opportunity in Texas right by a college campus. Tenants will most likely be students. The tri-plex is 4 rooms and 4 baths per unit. So 12 rooms and 12 baths total. Past rent was $1295 per unit for a total of $3885 rental income. Purchase price would be $450,000. In trying to get creative, instead of me renting each unit for $1295 is there a way to rent per room and increase the total rental revenue? Anyone with experience doing this and how did you go about it?
Thanks!