Make Money Renting Rooms


Money : Make Money Renting Rooms	Homepage \| Add to Favorites

Recommended Sites

Related Links

Informative Articles

How Often Do You Find Yourself Saying - "I wish I knew how to make money at home?
"Make money at home" - is the hue and cry of the thousands of Internet marketers we hear from every day. As our inboxes overflow with claims of the easy money to be made on the Internet, is it any wonder that our delete buttons become the most...

Make More Money with Marketing Metrics
Do you know how effective each of your individual marketing tactics is? Many small business owners market in a vacuum. They spend money on brochures, advertisements and web sites with no real way to tie specific results to specific endeavors. If...

Save More Money w/ Low APR & 0% Credit Cards
Using a high interest credit card is like throwing money down the drain! If you're wasting money with a high APR, you should consider applying for a low interest or 0% APR credit card instead. Although your credit score...

When your graphic designer costs you money.
So how do you know when your graphic designer costs you financially and emotionally? When a file is not prepared correctly. When you go to press and have your media material produced in prints, and find out that the file was built incorrectly,...

You Deserve More Money!
You deserve more money. Everyone does. We work too hard to only get paid what we currently get paid. It's not a scam. It's simply using the assets you have to leverage a greater investment! Here are a few ideas to help you increase your income....

Make Money Renting Rooms

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.

About the author:

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