subject: Boarding House Investing [print this page] Boarding House Investing Boarding House Investing
While on one hand boarding houses provide cheap or affordable accommodation for the less fortunate people, on the other, they also provide a good source of earning for the landlords. It may seem like a thing of the past now but there was a time when the boarding houses, which are more commonly known as rooming houses, used to dot the landscape across the US. Now the times have changed and people are no longer, for some reason, all that inclined in Boarding House Investing anymore. In executed correctly, any boarding house investing can actually be turned into a really profitable business.
One of the reasons for the decline in investing in boarding houses is the privacy issue. A popular misconception about turning your house into a rooming house is with regards to the privacy of the landlord and/or his family. In actuality, this is far from the truth. Turning your house into a boarding house cannot, in anyway affect your privacy. Renting a room or two in your house to temporary or semi-permanent lodgers can be restricted or limited to certain areas, which means that the owner of the house can have rest of the space. All of this can be enforced via a simple contract signed at the beginning of the entire renting process.
The lodging houses or boarding houses can be of many types in terms of the services they offer. Generally in the UK, most of the boarding houses serve or offer one, two or maybe three meals to the lodgers. In the US, this may or may not be the case which basically comes down to the will of the owner of the house more than anything else. Mostly the kinds of lodgers these boarding houses attract are either loners or poor family looking for a place to spend the night during the holiday seasons. Since the boarding houses provide a much cheaper accommodation than most hotels and motels, they can be a preferred choice of stay for just about anyone who is looking to save some hard earned money even when on a vacation. And that is something that makes boarding house investing all the more profitable for the owner of the house.
