Successfully Purchased 2nd House using Rent by the Room Strategy

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Successfully Purchased 2nd House using Rent by the Room Strategy

StrategyRent by the Room (RBTR) allows me to maximize the rental income from a home, while still having long-term tenants on leases. Instead of renting out the whole house, I rent out each room individually. Vacancies are minimized because I just have to find one person to rent one room at a time, rather than a family or group to rent the whole house. The rental income covered my mortgage and part of the utilities which was great! At this point, the rental income was covering all of my expenses and providing some positive CF each month.

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