SHOULD I RENT MY SINGLE FAMILY DWELLING BY THE ROOM OR WHOLE HOUSE? In this video we go over the basic rental income scenarios to from 5+ bedroom houses to show you when it starts to make sense renting by the room.

My favourite real estate investing, income property, and personal finance reads this past year:

Buy, Rehab, Rent, Refinance, Repeat The BRRRR Rental Property Investment Strategy Made Simple: https://www.amazon.com/dp/1947200089/...
Renovating Old Houses: Bringing New Life to Vintage Homes: https://www.amazon.com/dp/1561585351/...
Early Retirement Extreme: https://www.amazon.com/dp/145360121X/...


Current peterborough rental rates for renting by room vs renting a whole house
Other costs to consider outside of gross rent
How many rooms it takes to make renting by the room worth it
Other considerations outside of income to consider when running a lodging house or "renting by the room"

This video is specific to the rental rates in Peterborough Ontario, but the principles can be applied to looking at the same scenarios in your hometown market.

Useful Links:

City of Peterborough Lodging House By-law & Licences Page:
https://www.peterborough.ca/en/doing-...

My Other Income Property Videos:

Top 3 Things That Will Kill Your Secondary Suite Plans:    • Top 3 Secondary Suite Deal Killers - ...  

Secondary Suites, Parking Episode:
   • Secondary Suites In Peterborough: The...  

AFFILIATE DISCLOSURE: Some of the links used in the description will direct you to Amazon, as an Amazon Associate I earn from qualifying purchases at no additional cost to you.

Say hi on social media:

Facebook:   / mitchcleary.realestate  
Instagram:   / mitchcleary.realestate  
Website: www.century21.ca/mitch.cleary