The Bay Area is one of the most expensive locations to live in, and many people have started renting out their rooms in order to cover their own rents or mortgages. However, I have a feeling that you already know all this and are probably in the same position since you did after all click on this article.
Housing is insanely expensive in many cities around the world. However, some of them, like Hong Kong, compensate for that by having other cheap lifestyle factors, like food or transportation. The Bay Area, on the other hand, does not seem to follow this trend, as not only is the housing expensive, but also other elements like food, entertainment, and transportation. Hence, many of these residents have jumped into the new trend of renting out vacant rooms to offset their costs of living. Therefore, renting out your rooms has its pros and cons, which I am here to explore with you.
When it comes to the landlord’s responsibilities to the tenant, there are many that will differ depending on the local laws and the individual signed contracts. However, this article will cover the most basic ones that will apply to the majority of the cases.
This article will be exploring the different factors about rooms that one should consider when pricing their room. Of course, there is no exact number as to how much to price for each factor that is included in the room, as these differ depending on the market you are in.