Boarding Houses
A boarding house is a type of rental property where tenants rent individual rooms and share common areas such as kitchens, bathrooms, and living rooms. There is a certain stereotype associated with boarding houses and their occupants and we are here to challenge that stereotype. Unlike traditional rentals, boarding houses offer a more flexible and communal living arrangement, making them an attractive option for a variety of tenants, including students, working professionals, and individuals seeking affordable housing. We believe boarding houses are an extremely valuable cash-flow generator for investors.
To Qualify as a Boarding House, a Property Must Have:
Six or more bedrooms;
With shared common facilities for cooking and washing;
In which those boarding house tenants intend to reside for a period of 28 days or more.
Why Invest In or Convert to a Boarding House?
1. High Demand for Affordable Housing
With rising rental costs and a growing need for affordable housing, boarding houses offer a solution that meets this demand. They are ideal for areas with high populations of students, young professionals, or low-income individuals who need affordable, flexible living arrangements.
2. Increased Rental Income & Yield
Boarding houses can potentially provide higher rental yields compared to traditional single-family rentals. By renting out multiple rooms, property owners can increase their rental income and make better use of available space.
3. Diversification of Investment
Converting a property into a boarding house or investing in one diversifies your real estate portfolio. It spreads risk and can offer stable income streams in varying market conditions.
4. Efficient Use of Space
Boarding houses make efficient use of property space, allowing for multiple tenants in a single property. This is particularly valuable in high-demand urban areas where space is limited.
Our Boarding House Management Solution
At The Rent House, we offer comprehensive boarding house management solutions tailored to meet your needs and those of your tenants. Here’s how we can help.
Our team of property management professionals has extensive experience in handling boarding houses. We take care of all aspects of management, including:
Tenant Screening: We thoroughly vet potential tenants to ensure reliability and compatibility.
Lease Management: We handle all leasing processes, from drafting agreements to managing renewals.
Inspections: We take care of regular common area visits and scheduled room inspections
Maintenance and Repairs: Our team promptly addresses maintenance issues and ensures the property remains in excellent condition.
Expense Management: Management of all property expenses and utilities
We understand that every boarding house is unique. We offer customisable management solutions to match the specific needs of your property, including:
Room Configuration: We can assist with optimising room layouts and common areas for maximum efficiency and tenant satisfaction.
Rent Setting: We help determine competitive rental rates based on market conditions and property features.
Community Building: We foster a positive community atmosphere within the boarding house to enhance the living experience.
Whether you’re considering investing in a boarding house or need professional management for your existing property, we are here to assist. Contact us to discover how our boarding house services can help you achieve your goals.
