By in Business

Rooms for Rent

It's very common to see these signs hanging outside peoples gates here. Some home owners for want of additional income rent out their extra rooms to students or young office workers or couples. Large ancestral homes are being converted to boarding houses and turned into lucrative income earners instead of just idle empty spaces.

These rooms need to be prepared for occupancy. Double deck beds, built-in cabinets or free standing ones need to be provided but most important of all a sub-metered electrical connection so as to prevent arguments about electric consumption and charges.

One more very important thing to look out for are thieves or robbers posing as renters. BEWARE!!!


Image Credit » the photo 'm using in this article is from my (Carmela's) very own collection of photos

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Comments

mariJuana wrote on November 17, 2014, 11:32 AM

yes it is very practical to turn unused rooms as source of income. Yes robbers are around. I was once a victim!

Ellis wrote on November 17, 2014, 7:12 PM

And always get the rent in advance...

carmela wrote on November 18, 2014, 10:38 AM

its a very good source of passive income but just like in any other kind of business there are also risks that need to be addressed

carmela wrote on November 18, 2014, 10:41 AM

yes rents are collected in advance plus every renter is required to give a deposit equivalent to one month rent.

marialy18 wrote on November 21, 2014, 6:12 AM

I do own one house for students boarding house because it is near the university.
Thief are always around even in sacred places.

pals101 wrote on November 26, 2014, 12:32 AM

how much is the rent my friend?

carmela wrote on November 26, 2014, 2:23 AM

we have one room that we rent out a 3,500 pesos every month. the monthly rent does not include payment for water and electricity consumption. this room also has its own private toilet and bathroom.

OldRoadsOnceTraveled wrote on December 10, 2014, 12:58 PM

I rented a room in a private home the first year I was away at college. The second year, I moved into a private apartment in a large Victorian house that had been subdivided into six units. I loved it there.

scheng1 wrote on December 20, 2014, 3:43 AM

Over here, the government has very strict regulations about renting out a house or a room.