All Forum Posts by: Chris Abislaiman

@Mike McCarthy

Same thing, thanks for responding!

@John Warren

Good to know, thanks!

By all accounts, notifying a tenant that you are the property's owner is a bad idea. How can you avoid the tenant signing a lease to you, as the owner, without establishing an LLC and using that?

@Daniel Haberkost

The SFH is in the Security-Widefield area. The appreciation on it has been nice this year, despite the COVID uncertainty.

I'm planning on buying a multi-family in the spring and house-hacking in that. Judging from your post history, would you recommend buying another SFH and house-hacking that instead?

@Daniel Haberkost

Hi Dan,

Thanks for responding! I currently own a 4 Bed 3.5 bath that I’ll be renting out (and moving out of) in February. I might cash flow $100-200 if rented the whole unit, but likely much more if by the room.

Do you manage your properties yourself? What sort of systems and/or screening criteria have you used for the rent-by-the-room model?

Thanks

Has anyone had any success in establishing a rent by the room model in SFH in the Colorado Springs area? If so, did you hire a property manager? What measures did you take to mitigate conflict in the house? It seems to me that if running smoothly, a rent by the room business is unbeatable. Thanks!