Coping as a Live-In LandLord

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My name is Mike Choi and I look nothing like this photo, but I do run a little blog over at rentingoutrooms.com, which is my story of renting out my individual rooms to roommates. The idea is if you own your home, you can rent out an individual room in exchange for rent. This whole idea started when I decided to go back to graduate school, but I didn’t want to take on additional student loan debt to what I already accrued from my undergraduate studies. Today, I’m here to share my story of work involved making money from your extra bedroom.


Being a “live-in landlord”

I call myself a live-in landlord because a traditional landlord is someone who owns a piece of property and rent it out to tenants. However, my case is slightly different – I live in my residence and rent out the individual rooms to roommates. So that’s why I call myself a live in landlord, which is like a separate sub species of landlords.

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