It is a process where every month you tweak things here and there to find out what really draws customers to your property and for them to have a great guest experience. 

There's been probably a dozen times the customers have just done something that needed to be attended to in a timely fashion-- not life or death-- but definitely problem some. 

If I rent out three bedrooms at 600 each, that is double what I would be getting.However, it seems that renting out rooms separately isn't permitted unless you actively live there with the property as a primary residence (not sure on this point).

So, I’d dig into the numbers before making a call.Local zoning and code regulations: Converting a multi-family property to a single-family unit might require permits or specific approvals, so check with your local building authority to avoid surprises.

They have a few excel work sheet samples that you can download and customize.

Did you obtain all necessary permits and licenses?

We'd need to pull permits to submeter the property, for example, and my understanding is it'd likely be denied due to not currently being to code.Has anyone ever dealt with this before?

Fixer-uppers offer higher returns, lower prices, and more customization but can be time-consuming and stressful.

@Eric Fichera Buy A/B  located properties, keep up with all local permitting & licensing, use a well drafted and fair lease, don’t unreasonably withhold deposits and be a responsive landlord or hire a responsive PM and you won’t have anything to worry about.

Customize Your Lease for Room RentalsEven though you’ve got the BP lease agreement, I’d recommend tailoring it to fit your specific room rental situation.