Hello, any ideas/input is appreciated!
Has anyone tried increasing rental income by individually renting rooms in a bigger house (11 beds)?
Are there specific insurances necessary?
Would you consider managing it yourself?
Would a property manager charge per room or could you negotiate for the whole building?
Can you arrange leases to be passed between students/backpackers?
Would you need any different insurance or just the regular house and contents and landlord?Are there any other pitfalls?
Do a search on student rooms or accomodation.
Has been discussed several times.
Cheers,
Simon Macks
Finance Broker
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
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