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Frugal Living Ideas: Rent a Room Out in Your Home

Updated on March 4, 2013

Rooms for Rent in Your Home?

Mortgage woes got you down? Out of cash but you "own" your own home? Maybe you should consider "sharing" your home to ease your burden. Renting a room out in your home (or even a couple) can help you ease the burden of making a mortgage payment and free you up to consider other life changes.

We all know that we are living in uncertain times. Money is tight, and seems to be getting tighter everyday, Prices are soaring and the country is seeing record foreclosures happening at an alarming rate. People are getting really stressed out and don't now where to turn. Jobs are getting tight, and many of us wonder from day to day if that previously secure job we had is even that secure anymore.

Add a mortgage payment to the mix and the strain can get unbearable. People wonder how to pay their mortgages when they no longer have a job, their medical expenses are unpaid for or their mortgage rate just adjusted to a no longer affordable payment.

It's times like these when it gets harder to think and harder to find a way out of what seems an impossible situation. This is the time however when one of my favorite sayings from my dad comes into play, "It's when you're hardest hit that YOU MUST NOT QUIT!"

Sounds simple I know, and easy to say, but this is the time when thinking out of the box needs to happen. For some, this is easier than others, as some of us have very creative minds and others have a harder time coming up with creative ways to solve financial problems.

So maybe you are one of those people who are struggling with your mortgage and don't know what to do. You want to stay in your house but you really can't afford to do it. Maybe this is the time to think out of that box.

Maybe your kids are gone, you have an empty spare room, or a charming little cottage in your yard that sits vacant?

Have you considered renting out a room or two in your home?

Renting out a room is not for everyone but it can certainly help ease the strain of that monthly mortgage payment. Sure you have to give up some privacy but maybe keeping your home is more important that that privacy?

Renting out a room in your home may help you save money and pave the way for you to make more comfortable mortgage payments.
Renting out a room in your home may help you save money and pave the way for you to make more comfortable mortgage payments. | Source

The cost of renting in the San Francisco Bay Area

Here in the SF Bay Area where I live, the rents are outrageous. Renting a room can make a lot of sense in this type of rental market. If you look on Craigslist, you'll find lots and lots of people looking for rooms and room mates. Alot of people just plain can't afford renting an apartment for $1,200 a month, then utilities and the deposit on top of that on an $8.00 an hour job.

So maybe this article just gave you a little ray of hope, and maybe your wheels are turning a little different way right now with thoughts of relief, Maybe the thought of renting a room out had never occurred to you. Take some time to chew on this a little bit, and in the next article we will discuss some of the pitfalls and things to look out for when renting out a room in your home.

There is hope, you just have to open your mind to a new way of thinking. You don't have to lose your home - you may have to give up some privacy but hey, what's more important, a roof over your head or your privacy? Rooms for rent in your home may help you with your finances and bring you joy!

Poll on renting out a room

Would you consider renting out a room in your home to help pay the bills?

See results


Submit a Comment

  • Dorsi profile imageAUTHOR

    Dorsi Diaz 

    7 years ago from The San Francisco Bay Area

    Thank you Ardie!

  • Ardie profile image


    7 years ago from Neverland

    This is such great information! At one time I had a huge house that I had trouble keeping up with. I had thought many times of getting a roommate or of renting out a room or two, but I was so nervous about letting strangers in with my daughter and my belongings. If I ever find myself in that situation or know anyone else considering rooming I will send them your way! Excellent hub.

  • Dorsi profile imageAUTHOR

    Dorsi Diaz 

    7 years ago from The San Francisco Bay Area

    @Sonia) I can only comment on what I do: I pretty much don't try to dictate how a room renter keeps their own space. As long as nothing dangerous is happening (like too much paper being a fire hazard or doors or windows blocked by "stuff". (We all have our habits so no room mate will be perfect - there are things we have to adjust to) She sounds likes a workable tenant so I would tell her to get a carry bin and keep her toiletries in her room. And as for your own furniture - since it was not specified that it stay in the room when you rented it - I would find a place for your stuff in your home. And as for the overnighters I would make a lease agreement with her that there are no overnighters allowed because that could become a very bad habit.

    If renting rooms helps you money wise I would still think about renting more rooms except have a month to month lease signed at beginning outlining what is OK and not. That way it's clear from the beginning.

    And if you consider your room rentals as sort of a "business" and you are the boarding room "mother" then you may even want to clean the common areas yourself. If the common areas are being abused with too many guests or mess then do not include use of common areas in your agreements. I have heard of landlords charging more money (like $75 more per month for use of the common area (like the living room)That's just my 2 cents. Hope that helps.

  • profile image


    7 years ago

    I recently rented a room out to one of my daughters friends,from what I am seeing, she's paying a lot less than the customary fees, but oh well, well anyway, she's a hot mess in her room, it's cluttered and filled with furniture, moving out mine and leaving it for me to figure out where it was going (Should had rented it furnished)she's really pretty easy to live with, BUT, she has taken over the common bathroom with her toiletries, and she was never promised a private bath, although she has made it this way, she leaves lights on and has a friend come and stay overnight at times,Do I have the right to ask her to clean up her mess, and move most of her toiletries to her room, which is already cluttered? I'm not used to this, we have 5 bedrooms in the house, and I have thought of renting the others, but, I fear there will be too much drama about bathrooms and cleanliness, What should I do?

  • Dorsi profile imageAUTHOR

    Dorsi Diaz 

    8 years ago from The San Francisco Bay Area

    Jack) Very good idea. Perhaps this will come up, it should!!

  • profile image


    8 years ago

    Congress should should fix it so that homeowners in default on mortgage payments can rent out rooms in their houses without having to pay taxes on rental income. How come no one has mentioned this as a way to keep homeowners in their houses?

  • Dorsi profile imageAUTHOR

    Dorsi Diaz 

    8 years ago from The San Francisco Bay Area

    Hi all. Thanks for stopping by and reading about renting out a room. It looks like more and more people are doing this with the economy being so unpredictable. It's a great way to help yourself and also others looking for a place to call home. You just have to make sure you are compatible and have similar values. Thanks for stopping by.

  • trimar7 profile image


    9 years ago from New York

    This can be very helpful. I have a heated basement with its own entrance. When I bought my house a few months ago, it was one of the things that crossed my mind. With the economy altering every day one never knows. We may all be considering things we didn't think we'd have to. Great hub!

  • hubber-2009 profile image


    9 years ago from India

    How much can we earn by letting it out?

  • profile image

    Ashley R. 

    10 years ago

    hey mom i like this article yeah it makes perfect sense id rather loose some privacy over loosing the roof that sits over my head every night! love u mom ( i know u know who this is its ya daughter ashey) SURPRISE SURPRISE


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