Rooming Houses?

Hi Sue,

The local council involved would be able to help with some things ie:- car parking requirements on site, max number of persons allowed to co-inhabit a single dwelling, you may have to apply for a licence, advertise your intent & get comment or agreement from adjoining land owners.

I’ve never looked at doing this sort of thing personally, as I’m thinking it may be a bit of a drain ‘time wise’ to manage. However, if you have the opportunity to perhaps double or even triple the income you could potentially achieve from a single property, it might not be all bad. As for lease agreements, I don’t see why they would necessarily need to differ greatly from a standard one, but you will probably need to have one drawn up that outlines areas people do / don’t have access to, responsibilities for cleaning common areas etc.

Hope this (in part) helps! []

Cheers
Kym

Last Saturday on the radio, Michael Matusik (the Matusik Snapshot advertised in API) and also an articlre in the Courier Mail same day spoke about these. To be done well, must pick location close to university and spend money for purpose built complex – each room with on ensuite, room for desk, adequate powerpoints, IT outlets etc. Returns can certainly be good.

In Queensland, some older boarding houses are being sold or closed because they don’t meet new tougher fire regulations.

bribie