Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Austin Real Estate Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago on . Most recent reply

User Stats

16
Posts
4
Votes
Sarah Klein
  • Investor
  • Central Texas
4
Votes |
16
Posts

Data for Year-to-Year, Room-by-Room Leases?

Sarah Klein
  • Investor
  • Central Texas
Posted

Hi BiggerPockets ATX. I know there's data out there regarding property prices, and there's data out there about the short-term rental market a la AirBnB, but do you know where I can find data on year-to-year leases for rooms? I'm asking because I am looking to buy a house where I will live and get roommates who will also be my "tenants". I am evaluating several areas in Austin, but I would like to look at data to help me evaluate which of these areas are surest bets for the types of year-to-year, room-by-room renters I'm looking for. Thanks for your help! 

Most Popular Reply

User Stats

123
Posts
79
Votes
Ralph Justiz
  • Realtor
  • Edmond, OK
79
Votes |
123
Posts
Ralph Justiz
  • Realtor
  • Edmond, OK
Replied

The easiest way to determine what rent should be is to search for one bedroom units in your area and charge less than that. One bedroom units are the market space you will be competing in. If your rents are the same as an apartment complex the tenants would more than likely move to an apartment to not have to share space with anyone. I used this method in college when subletting rooms to roommates. We would split utilities evenly and if anyone wanted a private bathroom they would pay a more for that. Does that answer your question?

Loading replies...