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Make Money With Room Rentals
I don't know why I didn't do it sooner, but one day many years ago, I decided to try renting rooms in my home. I was young and single, and had a nice mobile home on small piece of property. I found that it was easy to rent out the other two bedrooms. Suddenly, I had thousands of dollars extra each year. Why Room Rentals? In many towns where the rents are high, single people are forced to share apartments with others. They inevitably have problems with splitting the bills, what to do if one person is late with their share of the rent, who made which phone calls, etc. So when they see a room for in a nice home, with everything from local cals to cable TV included in the rent, they like the idea. Room Rentals - The How To Include everything. Don't set yourself up for arguments about who owes what for utilities, or who watches the cable TV more. Cancel long distance plans, get a phone card, and just have local service. If utilities run high, raise the rent. Just don't be tempted into any "share" arrangements for anything. The value in this simple way is obvious. While others fought with landlords and roommate-friends, my renters stayed for years, with no household bills to pay, and no money issues for us to argue about. I had them pay weekly or bi-weekly, according to their paydays, so they wouldn't have to save up for monthly rent. Regulations in some places prevent renting rooms, but they are rarely enforced, and are being legaly challenged more and more. It is difficult to justify a system that allows a family with ten kids to live in a house, while discriminating against a household of three or four people - just because they are unrelated. Room Rental Profits I no longer live in Traverse City, Michigan, but in a decent house there, you can get $100 per week for a room. With two rooms to rent out, that's $10,400 per year. Most of that is 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 extra cash. Steve Gillman has invested in mobile homes and other real estate for years. To learn more, and to see a photo of a beautiful house (not a mobile) he and his wife bought for $17,500, visit http://www.HousesUnderFiftyThousand.com
MORE RESOURCES: Home Sellers' Tough Summer: Get Ready for Lower Prices, Fewer Offers Business Insider Current Real Estate Roundup - May 9, 2024 Nantucket Current Even a State-Linked Giant Can't Escape China's Real-Estate Crisis The Wall Street Journal Inside Blackstone's Real-Estate Buying Spree As Valuations Plummet Business Insider Trump confidant and real estate investor says Newsom's California, New York economies are a 'disaster' Fox Business Refined Real Estate: Groovy Mercer Island home lists for $2,350,000 seattlerefined.com Real Estate Market Springs Back to LIfe Franklin Observer Routt County real estate sales at $32.2M from May 2-8 Steamboat Pilot & Today Home real estate market heats up in April: more sales, higher prices Moody on the Market West County: Rodeo tattoo shop owner, real estate investor pleads guilty to tax evasion Contra Costa Herald LOCAL REAL ESTATE TODAY 5.10.24 – KQEN News Radio kqennewsradio.com EG Real Estate: Historic Capt. James C Babcock Property Hits the Market – East Greenwich News East Greenwich News Texas Association of Realtors provides an update on our real estate outlook for 2024 KEYE TV CBS Austin Sunny Day Real Estate: The 'Diary' Interview Paste Magazine ULI Northern New Jersey to bring simulated real estate program to East Orange High Schools in spring ROI-NJ.com Real estate news: Downtown Santa Ana property destined for 15 lofts sells for $1.16 million OCRegister Anywhere Real Estate, Keller Williams and RE/MAX commissions settlements receive final court approval Chicago Agent magazine NextHome One and Real Estate Cousins Team grand opening Tri-County Times Influencers in Retail Real Estate 2024 Globe St. Sports figures highlight April luxury home sales Las Vegas Review-Journal Fischer: Real estate not for the faint of heart – or the unprepared Standard-Examiner Billionaire Barry Sternlicht expects one bank failure per week due to real estate's 'fragile' loans Fortune Real Estate Sales Down, Prices Up in April Brownwood News See the latest Coles County real estate transactions Journal Gazette / Times-Courier Suzanne Hendrick at Xroads Real Estate Advisors Crain's Chicago Business Exclusive | He Was Building a Home Empire Based on Wellness. Now Investors Want Their Money Back. The Wall Street Journal Real estate commission lawsuit settlements get final approval from court Mortgage Professional Barnet Real Estate Transactions, April 2024 | Real Estate | caledonianrecord.com The Caledonian-Record Ribbon Cutting for 515 Life Real Estate Company FetchYourNews $8.8 million Harbor Dr mansion highlights busy week of Real estate deals for Key Biscayne and Brickell Islander News.com $35M home sale in The Summit Club sets Vegas record Las Vegas Review-Journal Florida Housing Market Sees Rent Growth Below National Average Norada Real Estate Investments St. Johnsbury Real Estate Transactions, April 2024 | Real Estate | caledonianrecord.com The Caledonian-Record Industry groups attack Healey’s proposed real estate transfer fees The Business Journals Solano Real Estate Scene: Renovation time for lenders Fairfield Daily Republic Real estate agency Loinz Business Group highlights virtues of Tijuana regarding purchase of industrial land San Diego Red Cowtown Real Estate Developer Works To Build New Neighborhood The Dallas Express Is Wall Street Responsible for Surge in Housing Market Prices? Norada Real Estate Investments Unpacking the Firestorm Over Blackstone's Real Estate Valuations Wealth Management Mortgage Rates FINALLY Drop: Expert Predictions & Insights Norada Real Estate Investments 13 Stocks to Buy As Real Estate Enjoys a Major Rebound: BMO Business Insider Oak Brook office landlord faces foreclosure lawsuit Crain's Chicago Business What a $1M house budget will buy now in Philadelphia, on the Main Line and at the Jersey Shore The Business Journals Mid-America Real Estate hired to boost retail occupancy at Lincoln Park site - The Business Journals Mid-America Real Estate hired to boost retail occupancy at Lincoln Park site The Business Journals Richland County real estate transactions April 29-May 3 Mansfield News Journal Dallas On the Market — A Zen Lakewood Retreat With a Glass Pool House PaperCity Magazine |
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