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Updated about 5 years ago,
Renting to sublease by the room
Hello everyone,
I'm trying to rent out a property and sublease it by the room so I can cashflow.
I understand this could feel extremely risky from the landlords perspective. Here's the breakdown.
$915/no 3 bed home
Sublease 450 per room leaves me with $435/ mo.
I would have a cleaning person clean common areas every 2 weeks.
I was also going to qualify the tenant and let them do the final ok. Maybe they can charge me a small fee for the extra time it would take them to do this? $15 per person?
Thinking about offering the landlord to do small maintenance for them up to a $300/mo
expense.
Does this sound reasonable? Am I giving too much by doing maintenance?
Any suggestions on helping them agree with it?
I am not doing Airbnb. I have one at my house any it takes too much of my time.