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    How to Double Your Rental Income

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    Renting a house by the room instead of to a single household can roughly double the gross rent on the same asset. Ryan Chaw walks through the arithmetic behind that spread and what it costs in extra management.

    • #rentbytheroom
    • #rentalincome
    • #cashflow
    • #realestateinvesting
    • #studenthousing

    From the full episode

    How Ryan Chaw Turned a $30K Mistake Into a 7-Figure Rental Portfolio

    You know, so when I realized that the more bedrooms I could add to the house, the more rental income I could get, I started really investing in houses that are larger square footage.
    Listen to the full episode with Ryan Chaw

    Frequently Asked Questions

    How much more can you make renting a house by the room?
    Ryan says renting by the room roughly doubled the rental income on his properties versus a traditional single-household lease. His example: a six-bedroom house at about $700 per room produces roughly $4,200 a month, on a house that cost around $300,000.
    What kind of house works best for the rent-by-the-room strategy?
    Once Ryan realized more bedrooms meant more income, he started targeting larger houses — usually 1,500 square feet or more — so the floor plan supports additional bedrooms. He has also converted space, such as splitting a living room with drywall and a door for about $1,500.
    Does renting by the room mean more management work?
    Yes, more tenants means more moving parts, which is why Ryan runs SOPs and a virtual assistant team. He puts privacy locks on every bedroom door and hosts a town hall meeting with tenants when they move in.

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