All Forum Posts by: Neal Patel

Thank you for this!

Hi,

I'm looking to see if there's anyone that knows property managers that do room by room rentals or any advice on this in the Austin area. My property is in Pflugerville, TX and is a 4br 2.5b.

Thanks in advance.

Yeah I'm definitely trying to be cautious about it. I would be paying a couple hundred ($200-300) if I just rent to a single tenant though so also something to consider.

Has anyone rented their property out by room (multiple tenants) rather than renting out the whole property as one? I think I can get closer to meeting my mortgage through renting by room but I have a couple questions for those who have done it successfully. For context, it's a new build (2021), corner lot, 3 bedrooms (and 1 office - wondering if it's possible to convert office into bedroom, it's 1 foot smaller than one of my guest bedrooms) so I'm looking for a way to find tenants that won't mess it up though I know that's never a guarantee. I'm also exploring using

Avail property management software for this (please let me know if good or bad idea) - I have no affiliation with this company, just trying to save on costs where I can. I am aiming to rent it out in January

How did you price it appropriately? All comps I've seen have been via the single tenant strategy.

How did you deal with listings (single listing for all bedrooms and prices vs one listing per room)?

When charging for bills/utilities, do you make the tenants pay it? How would this work for multiple tenants?

Any advice is helpful, thanks in advance!