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- Accidental Landlord
As many homeowners struggle to stay afloat in a difficult economy, an increasing number have turned to renting rooms for extra income, housing advocates and experts said. Some are victims of unemployment, while others have been hard hit by furloughs or reduced hours. Even empty-nesters are taking in boarders in the hopes the extra cash will help pay their mortgage.
While data on just how many homeowners are reluctant landlords is not available, advocates say they’ve seen an increase in the number of people looking to rent rooms. For the newbie landlord, it is recommended to have a friend or a family move in and start paying rent. This reduces the risk but these reluctant landlords need to know the law and have to make sure that they are adhering to it.
CLICK HERE to read article to understand the risks and get tips from experiences of others
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