Renting A Room For Extra Income

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.



Posted by Cindy Phillips on December 13, 2008 at 12:00 AM

About Cindy Phillips
Cindy Phillips is affliated with Thayer Case Realtors, which is located in Ellensburg, WA. For further assistance please use the contact information located on the right.



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Local Information for Ellensburg, WA

Latitude: 46.997064 -- Longitude: -120.545119


ZIP Codes for Ellensburg, Washington 98926  98950 
Area Code for Ellensburg, Washington 509
Time zone for Ellensburg, Washington PST


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Ellensburg is a city in Kittitas County, Washington, United States. The population was 15,414 at the 2000 census. Ellensburg is located just east of the Cascade Range on I-90. Ellensburg is the home of Central Washington University (CWU). The surrounding Kittitas Valley is internationally known for the timothy hay that it produces. There are several local hay brokering and processing operations that ship to Pacific Rim countries. The old part of the town is fairly historic, with old brick buildings from the late 19th century. Eastern Washington has a much drier climate than Western Washington, and some Seattle-area residents visit the area to spend a weekend without rain; many former Puget Sounds residents have moved to the city and commute over Snoqualmie Pass on I-90 to jobs located in the Puget Sound region. Ellensburg is the county seat of Kittitas CountyGR6. -- Source: Wikipedia.com




Washington 2000 Census Population Profile Map

Ellensburg Washington United States
Population 15,414 5,894,121 281,421,906
Median age 23.6 35.3 35.3
Median age for Male 23.6 34.4 34
Median age for Female 23.6 36.3 36.5
Households 6,249 2,271,398 105,480,101
Household population 13,277 5,757,739 273,643,273
Average household size 2.12 2.53 2.59
Families 2,650 1,499,127 71,787,347
Average family size 2.84 3.07 3.14
Housing units 6,732 2,451,075 115,904,641
Occupied units 6,249 2,271,398 105,480,101
Vacant units 483 179,677 10,424,540

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Cindy Phillips - Thayer Case Realtors
Cindy Phillips
Thayer Case Realtors


715 E 7th Ave
Ellensburg, WA 98926

VOICE: 509-925-6111

FAX: 509-925-6114



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