Renting out a property isn’t always as straightforward as it seems. Depending on the location, size, features, and, of course, the asking rent, an apartment can stay on the market for quite some time before you find the right tenant. Larger homes, traditionally designed for families, can be particularly challenging to rent.
In these cases, it may be worth considering a different approach: instead of looking for a single tenant to rent the entire property, you can rent out the individual bedrooms separately and reach people looking for a more affordable and flexible place to live.
Why rent out your property by the room?
Higher returns
A large property can generate higher rental income when it is rented to multiple tenants. Instead of receiving one rent payment from a single tenant, you can generate separate rental income from each bedroom. This allows you to make better use of the entire property and potentially increase your overall income.
Easier to rent
Larger homes can often be harder to rent because they primarily appeal to families who need—and can afford to rent—the entire property. At the same time, there is strong demand for individual rooms from people looking for a more affordable and flexible housing option. Students, young professionals, seasonal workers relocating to a new city, and people who simply don’t need an entire apartment may all be looking for a private room in a home with shared common areas. With Flatpulse, you can connect with people who are looking for exactly this type of accommodation.
More stable income
When you rent an entire property to a single tenant, their departure can leave the whole property vacant until you find a replacement. Renting by the room spreads this risk across multiple tenants. If one tenant moves out, you don’t necessarily lose all of your rental income. The other rooms can remain occupied while you look for a new tenant for the vacant room. This can help you maintain a more consistent rental income from your property, even when one room is temporarily unoccupied.
How does Flatpulse work?
Getting started is simple and completely free.
Post your listings
Create a separate listing for each available bedroom in your property. Add photos and key details about the room, the shared spaces, and anything else a prospective tenant should know. Creating a listing is completely free and takes less than 3 minutes.
Find the right tenants
On Flatpulse, you can explore profiles of people looking for a room. See who is interested in your area and the type of accommodation you offer, choose the prospective tenants who seem like a good fit, and contact them directly. No fees. No intermediaries.
Complete the rental agreement
Once you’ve found the right tenant, the next step is to complete the rental agreement. Flatpulse provides rental agreement templates with detailed provisions for shared living arrangements. This gives you a clearer framework for the tenancy, the use of shared common areas, and living arrangements between tenants.
