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My last post described the condition of one of my spare rooms when a roommate moved out. This roommate left a few stains on the carpet. I was indecisive about whether to replace or clean the carpet and asked for opinions. Obviously, cleaning the carpet would have been cheaper, but the commenters recommended replacing the carpet especially for the amount of time I’ve continuously had the room rented.

Rug Doctor Renting out Rooms

Rug Doctor

So from the picture, you can probably infer, which route I went. The carpet I wanted to order was on back order and would take another week to arrive, which didn’t quite line up with the time frame with the move-in date of my new roommate. I have to say, I’m glad I rented a Rug Doctor because it did remove most of the stained spots and the rental was only $24!

However, the Rug Doctor did leave the carpet a bit damp, but I managed to rent it early in the week to allow ample time to dry.

You can see the before and after picture and any “live-in landlord” would probably agree that I did the right thing.  I was really particular about getting the stain out by the door, which you can see in the before photo.

Before

Before

Cleaned by the Rug Doctor Renting out Rooms

Cleaned by the Rug Doctor

RENTING OUT FURNITURE

Some of you know that I left my full-time job to travel the world, but make stops back home to check on my house.  All of the individual rooms in my house are rented out to offset all my expenses associated with the house.  My personal belongings such as my bed, desk, and cloths are stored in my laundry room.  This week, I have a new roommate who’s planning to rent for about 4 to 5 months. He’s an older fellow with a family and took a job around my neck of the woods because he was laid-off at his previous job.

Before finding my spare room for rent, he’s been living in a hotel room on a weekly rate and driving back home on the weekends to be with his family.  If anyone has lived in a hotel room for weeks at time, it gets kind of tiring eating out all the time without access to a kitchen.  With renting a room from me, he gets the comfort of a house, but without his family.  His current living habits remain unchanged: stick around on the weekdays and drive back to his family on the weekends.

This plan is only short-term.  He’s waiting for the spring/summer time to sell his house and buy a house around here. Needless to say, he doesn’t have much furniture and probably doesn’t want to buy any furniture.

My question is whether to offer to rent my bed that’s stored up in my laundry room at an additional cost to the monthly rent?

If I do rent my bed out, would I be okay with someone using my mattress given his schedule.  Keep in mind the mattress is about 10 years old.  This new roommate is someone I found via an internal job posting at my previous job(I don’t know if this matters).

How much should I rent my out furniture for?

Do you think it’s too scheming to offer my bed for, i.e. trying to make a quick buck?

{ 10 comments }
  • Sherree Faries March 16, 2015, 10:25 am

    I do not think it is scheming at all to offer rental of furniture (including bed) for a short-term renter. You would be doing him a favor and save him the trouble of locating or buying one. PLUS you are renting out your assets to pay for your assets…. Is the bed making you any $$ by just sitting in the laundry area? ….to me it’s a “no-brainer”… just do it, and pocket the cash that’s available.

    I would imagine that if you’re only renting him the bed the cost would be higher than, say if you rent him the bed and several other items, make a package deal on that. Bed only: $25 per month…. if 3-4 pieces furniture + the bed…. probably $10 per piece….

    Reply
  • Halima March 16, 2015, 10:33 am

    i don’t think there’s anything wrong with renting out your furniture. The new tenant sounds responsible and will unlikely damage it. Considering the age of the mattress, I think $50 -$75 a month is perfect.
    In the meantime, I’m living vicariously through you! I would love to travel the world while all my expenses at home are taken care of!!
    Good luck, and let us know what happens!!!

    Reply
  • Kal March 16, 2015, 10:38 am

    I don’t think it’s scheming unless you plan on charging some outrageous amount. You are offering a service to the new tenant and it would be less of a headache for him to just use what’s there instead of schlepping around the city trying to find reasonably priced stuff on craigslist.

    If I were you, I would just casually mention it. Even if you only charge him an extra $30 a month, it’s better than getting $0. He can always decline your offer and sleep on the floor 🙂

    Reply
  • Tina March 16, 2015, 11:46 am

    Hi Mike! I was in the same situation as you for about a year and a half when I traveled around in Asian. I had my whole house rented out to a group of international students at a local school. During the ‘interview’ stage, I offered them a couple of different choices. (1) renting fully furnished (2) renting partially furnished and (3) renting a completely unfurnished home. I was planning on storing most of my personally belongings in the garage. The students ended up choosing the partially furnished options so that the ‘common area’ are furnished and it up’d my income by about 15%. My suggestion would be to casually mentioned that you have the option of renting him additional furniture at a reasonable added cost. In the past, I’ve offered fully furnished rooms (minus the mattress…which is a personal preference) at about an extra $25 – $40 dollars a month and it seems to do fine in my neck of the woods.

    Giving the guy an additional option will keep the conversation and the door open for you. Let us know what you end up doing. =)

    Reply
  • Mitch March 16, 2015, 12:19 pm

    I live in a small studio ~500 sq ft with a roommate and our two dogs. I find renting a steam cleaner and steaming the carpets every 6 months well worth the money and time.

    I would rent my furniture to a roommate. Anyone I trust to be in my house and not reck it, I also trust to not abuse my furniture. Depending on the quality of furniture, I may add to the deposit, and charge an additional 10-20% on the rent.

    Reply
  • John March 16, 2015, 5:41 pm

    Although it does seem at first glance a solid idea to rent out both the bed and the furniture, I think you should reconsider. Beds, as we all surely know, are an extremely personal possession. Depending on who your perspective renter is, his behaviors in regards to the bed could leave it soiled or tarnished in ways that can’t really be cleaned… With this being said, I agree that its a good idea to rent out the furniture you’re storing for a marginal profit, but the bed keep for yourself.

    One caveat: if you were to throw the bed away afterwards it could be worth it to start saving money through the rental to put towards a new one (you did say it was 10 years old).

    Reply
  • Jackie March 16, 2015, 10:39 pm

    I have a 1230 sq ft home with 3 bedrooms, before 2,000 I rented the two small rooms. I had full size beds with storage under on each. I had good tenants who came to work. Sometimes their wife’s came for the weekends. I moved to another house and rented the full house. I can remember what happened to that furniture.
    After a string of bad tenants I moved into it myself and rented the two rooms. First with no furniture and found that futons with metal feet damaged the wood floors, then the walls. I have no carpets. I bought a full size Lane bed set with dresser and night table topped with glass. I got a newer mattress, hang new curtains but I am not having luck renting it for 4 months. I got people asking me to hold it and then did not hear from them. I get request for 3 months and couples who I don’t want. I think this bed set is dull or makes the room smaller. I am moving to the other house again and I have lined up a tenant for my large bedroom with the Lane bed set. I will not buy furniture again for the small rooms. I suspect that there are more rooms for rent now or I am more picky since I have told some people no.

    Reply
  • Jackie March 16, 2015, 10:51 pm

    I think a rental carpet should be a little darker. You did a great job. I had a house with carpets and I every time a roommate moved out, I would clean all the carpets. I rented a machine half and half with a friend so it worked great for both and the roommates who were not moving did not mind lifting the small things up. You could pass the machine without liquid to suck up as much water. Opening the windows or a fan helps.

    Reply
  • Matt Harrison March 17, 2015, 1:29 am

    I don’t think renting your furniture to a short term live-in is scheming at all. In my opinion, it helps cover the cost associated with having to search more often. There is also the “risk” of longer vacant periods in between roommates that could happen with the increased frequency of moving/searching. With our two roommates, we offered them beds we had essentially as amenities for staying for a longer period of time. This kind of incentive worked out better for us because we’d rather have someone “borrow” the bed and stay for a year to a year and a half, rather than someone paying higher fees and leave after 5 months. There’s less searching for quality tenants/lodgers, and that’s something we value more.

    Reply
  • Luke Groen March 19, 2015, 10:51 am

    Personally, I would have no problem renting out furniture for an added fee. These things cost money and depreciate in value as they are used, so charging money for others to use them only makes sense. Of course its depending on your market/area you live in, I feel like $25/month for a bed wouldn’t be unreasonable for either party. I would definitely write up a short contract however regarding the event that anything is severely damaged. You could state a total replacement cost if it were destroyed as well as an agreement to fix anything back to its (close to) original condition. Renting furniture benefits both parties and it doesn’t add any particularly higher risk so I wouldn’t hesitate! …Just don’t rent out anything you are particular attached to or might have a high dollar value.

    Reply

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