My Idea Online
  • Privacy Policy
  • Contact Us
Tuesday 30 May 2023
  • Login
  • News and Society
  • Automotive
  • Business
    • Business
    • Communications
    • Employment
    • Finance
    • Legal
    • Home Based Business
    • Marketing
    • Online Business
    • Product Reviews
    • Real Estate
    • Self Improvement
  • Home and Family
    • Home and Family
    • Family
    • Home Improvement
    • Kids and Teens
    • Reference and Education
  • Lifes
    • Arts and Entertainment
    • Cancer
    • Entertainment
    • Food and Drink
    • Fashion
    • Health and Fitness
    • Humor
    • Lifestyle
    • Music
    • Recreation and Sports
    • Writing and Speaking
    • Women’s Interests
  • Online
    • Computers & Internet
    • Site Promotion
    • Web Development
  • World Affairs
No Result
View All Result
  • News and Society
  • Automotive
  • Business
    • Business
    • Communications
    • Employment
    • Finance
    • Legal
    • Home Based Business
    • Marketing
    • Online Business
    • Product Reviews
    • Real Estate
    • Self Improvement
  • Home and Family
    • Home and Family
    • Family
    • Home Improvement
    • Kids and Teens
    • Reference and Education
  • Lifes
    • Arts and Entertainment
    • Cancer
    • Entertainment
    • Food and Drink
    • Fashion
    • Health and Fitness
    • Humor
    • Lifestyle
    • Music
    • Recreation and Sports
    • Writing and Speaking
    • Women’s Interests
  • Online
    • Computers & Internet
    • Site Promotion
    • Web Development
  • World Affairs
No Result
View All Result
MyIdeaOnline.com
No Result
View All Result

Renting A Room And Making Money

idea online by idea online
in Real Estate
2 min read
2k 126
0
Building 145

Building 145

1.2k
SHARES
2.6k
VIEWS
Share on FacebookShare on Twitter


Renting a room? I wish I had thought of it sooner, but one day many years ago I finally gave it a try. I had a thee-bedroom mobile home on small piece of property, and I soon found that it was easy to rent out not one, but both other bedrooms. I suddenly had thousands of dollars extra each year.
Many towns with high rent have a high demand for rooms. Single people share apartments with others, and inevitably have problems with splitting bills, what to do if one is late with their share of the rent, who made which phone calls, etc. When they see a room for in a nice home, with everything from local cals to cable TV included in the rent, they love the idea.
Renting A Room – The How To
Always include everything in the rent. You”ll avoid arguments about who owes what for utilities, or who watches the cable TV more. Cancel long distance, get a phone card, and just have local service. When utilities get too high, raise the rent. Just don”t be tempted into “share” arrangements for anything.
While others were fighting with landlords and roommate-friends, my renters stayed for years. They had no household bills to pay, and no money issues for us to argue about. They payed weekly or bi-weekly, according to their paydays, so they wouldn”t even have to budget for monthly rent.
Regulations in some places that prevent renting a rooms are rarely enforced, and are being legaly challenged more and more. It”s tough to justify a system that allows parents with ten kids to live in a house, while discriminating against a household of three or four – just because they are unrelated.
Look at the ads in the paper to determine what you can get for a room in your area. If there are several ads, renting rooms is probably common, and you”ll be able to get numerous calls off of a two-day ad. Weekends seem to be the best time to run your ads.
How do you choose a renter? Use your intuition, and have a list of questions to ask. Take notes. Where does he/she work? What is there phone number? What family can you call in an emergency?
You have to decide what you want for house rules, and be clear about what they are to avoid any issues. I personally won”t allow pets, smoking in the house, or late-night noise. Everyone does their own dishes, and keeps any mess in their rooms.
Potential Profits
When I lived in Traverse City, Michigan, you could get $100/week for a room in a decent house there. With two rooms rented, that would be $10,400 per year. This is mostly profit, since household bills don”t go up much with two more people in the house. If you don”t mind the company, that”s a lot of cash for renting a room or two.

Tags: Real Estate
idea online

idea online

The internet makes it easy to start a business but what should you start? Discover the right business for you to start with our definitive list of the best online ideas

Related Posts

Building 136 scaled

Private Mortgage Insurance

1 week ago
a51484e6d428d173858c0bb6 1920

Seller Financing – Why Be The Bank?

2 weeks ago
c0d03a7ef0490123fa47432c 1920

The Right Time to Buy Your First Home

1 month ago
Building 145

Chicago Real Estate: Is It Overheating?

3 months ago
422faf516bfa1e6ed09a2255 1920

The Ultimate Short Sale Secret

5 months ago
Building 299 scaled

The Pros of Purchasing Off Plan

5 months ago
No Result
View All Result

Recent Posts

  • Liquidated and Repo PC Profits
  • Stretching Your Grocery Dollars
  • Lance Has What It Takes
  • How Web Masters Can Start a Home Based Business Using Credit Cards
  • How To Build A Low Cost Home Gym
  • 5 Ways To Get Your Business Running, Profitable and Successful Within 90 Days
  • What Every Cat Lover Should Know About Cat Health
  • Online PowerPoint Presentation ?C Convert PowerPoint to Flash
  • Maintaining The Focus For Success In Online Business
  • Building Confidence and Esteem With Your Child
  • Internet Video Conferencing Transmits Emotion!
  • Andropause and DHEA
  • Acne Skin Care Regime
  • Smoking Facts and Figures
  • Small Business Debt Collection Law Cheat Sheet
  • บริษัท
  • โรงเรียน
  • ก่อสร้าง
  • บริการ
  • กฏหมาย
  • ท่องเที่ยว
  • พนัสนิคม
  • ผู้ผลิตสินค้า
  • อิเลคทรอนิคส์
  • ราชการ
  • ไทย

© 2020 myideaonline.com - property for rent - property for sale.

No Result
View All Result
  • Home
  • Online Idea Content
  • Contact us
  • Privacy Policy

© 2020 myideaonline.com - property for rent - property for sale.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In