Renting by The Room vs. Renting The Whole House Updated for 2024

Updated: August 14, 2024

SHOULD I RENT MY SINGLE HOUSEHOLD HOME BY THE SPACE OR WHOLE HOUSE? When it starts to make sense leasing by the space, in this video we review the basic rental incomes circumstances to from 5+ bedroom houses to reveal you.

We dive into:

– Current peterborough rental rates for leasing by area vs leasing a whole house
– Other costs to think about beyond gross lease
– The number of spaces it requires to make renting by the space worth it
– Other elements to consider exterior of incomes to consider when running a lodging home or “leasing by the space”

This video is specific to the rental rates in Peterborough Ontario, but the concepts can be used to taking a look at the exact same scenarios in your hometown market.

Helpful Hyperlinks:

City of Peterborough Lodging House By-law & & Licences Page:
https://www.peterborough.ca/en/doing-business/resources/Documents/LicencesRentalPremisesBy-law17-067.pdf

My Other Income Residential Or Commercial Property Videos:

Leading 3 Things That Will Kill Your Secondary Suite Plans: https://www.youtube.com/watch?v=O1EaCKFR0ig&t=28s

Secondary Suites, Parking Episode:

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