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I am considering getting a 3 bedroom condo in Santa Barbara with 3.5 baths, a dining room, kitchen,family room, and includes wash/dryer, refrigerator, basically all the kitchen ammenities. this condo also has security, a spa, and gym access. but i would need two rent out 2 rooms, what is a reasonable price to rent a couple of rooms that includes all access to condo ammenities, electricity/water, and cable? in santa barbara with close proximity to the ocean.

2007-03-23 19:44:49 · 4 answers · asked by rockabilly.betty 2 in Business & Finance Renting & Real Estate

4 answers

If you want a flat figure, I can't say because apartments can go for anywhere from $750 / month to several thousand / month, so it varies based on this cost, it is best to develop a formula you can then use no matter what.

What I did for myself is this:
Figured out all of the bills (electric, phone, cable tv, rent, water, gas {well idk all the bills}) and added this up. Then I figured 55% I pay, room mate pays 45% (for 1 room), roughly. Then for groceries, the easiest way is each buys their own, same with laundry detergent and all that stuff.
For 2 rooms, with two roommates, you could probably take on 36% and make each of the roomies pay 32%, so to speak.
You can play with the percents a bit but the thing is, with your name on the lease, you have ultimate control and power over who stays and what goes, so it makes sense you pay a little more, kinda, but tolerance is still required.

In my case, we went month-to-month for a bit until I got a feel for stability (I control the thermostat so the electric and all that, well it became averaged) and once I got a feel for how things would be, we then decided on a flat rate per month and things are cool like that.

On the notes of phone, get unlimited long distance so you don't run into problems there and you'll want to pre-screen potential roommates and get a good feel for each other and all that.

Anyhow, good luck.

2007-03-23 19:53:36 · answer #1 · answered by netthiefx 5 · 0 0

2

2016-07-19 14:13:59 · answer #2 · answered by ? 3 · 0 0

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2016-11-28 02:46:58 · answer #3 · answered by Anonymous · 0 0

Rent To Own Home : http://RentToOwnHome.uzaev.com/?WzMA

2016-07-12 09:14:39 · answer #4 · answered by ? 3 · 0 0

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