Renting Out the Extra Room Your College-Bound Child Leaves Behind
Jul 31, 2020
Renting out the extra room your college-bound child leaves behind can provide you with extra income and a chance to meet new people. It's a big decision, so plan carefully and make wise choices. Consider these tips to ensure that you create a good experience for you, your child, and your new tenant.
Help your college-bound child to adjust:
- Give yourselves some transition time. Your child is already coping with major changes while heading off to college. It will be less stressful for both of you if you wait a couple of months or so before taking on a tenant.
- Involve your child in the decision. People usually react more positively when they're included in the decision-making process. Tell your child you're considering renting the room and want to discuss it. If they're comfortable, you can steam ahead. If they have concerns, slow down and consider your child's viewpoint.
- Be sensitive to your child's needs. Everyone will have to make some...
