Whether you want extra cash to supplement your income, or you need help with paying your mortgage, renting a room in your house solves two problems; housing for someone who needs one, and extra income for you.
But renting out a room in your house is not for everyone; consider the benefits and the drawbacks to see if it’s right for you.:
Most homeowners do not know the total annual cost to own their home. They don’t have a budget for insurance costs, property taxes, gas and electric bills, water and sewer costs, or other typical services like alarm costs, pest control, landscaping or cleaning cost. This causes financial uncertainty and stress in many homeowners lives.
Many people have a second home that is a rental property. This rental property adds additional income to their personal finances. In addition, other people may have partial rental income from their primary residence through home sharing platforms like AirBnb.
Many HomeZada customers have asked for a detailed print of a specific inventory item. The request is printing a detailed view of each inventory item that can be shared with insurance agents, estate planning attorney’s, or property managers.