Renting Large House As All Private Rooms

[Chris Trupiano]

Hello,

Longtime LTR investing looking at jumping into STR. One house peaking my interest is a 7 bed 9 bath home. All bedrooms are good sized with their own private bath. I'm curious if anyone has experience with renting a large home as all private rooms, very similar to just being an apartment building. Obvious expectation being the shared common area. This home is in a great area close to downtown, and several hospitals.

How successful has it been? What issues have you run into? What type of guests are you seeing most frequently? 

[Dustin Allen]

@Chris Trupiano

Make sure you don’t have any local ordinances preventing that strategy. Some jurisdictions have limits on how many unrelated tenants can be renting in the same property.

If that’s good, maybe consider going for travel nurse since it’s close to a hospital. Sounds like it might be perfect for that type of program.