Post house hack; renting rooms

[Michael N.]

I’ve been house hacking a 3bd/1b unit in a duplex for a little over 2 years now ( 250k tax free). And I’m focusing on doing the same on another property soon. I’ve been able to get 2400 renting out each unit room by room instead of as a unit (800x3 vs 1800). I’ve been living in the duplex so it hasn’t been a problem. Last time a Tenant left in the other unit I gave them $100 each to find a new roommate and in a week they got one (individual leases per bedroom). I’m wondering if anyone has had success renting out room by room while they don’t live at the property? I realize this is more then what a lot of apartments rent for in cheaper areas of the country, this is the DC area and 800xroom is below market. I believe the DC area is #2 among cities with adult roommates next to San Fran so this may not apply to a lot of people.

[Leo Watts]

@Dana Powell

If you have home owner’s insurance and require roommates to get renter’s insurance that should be sufficient I believe.