Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
We live outside of Nashville, TN. Hubby and I are both retired. He has been in and out of the hospital 7 times this year, and it is just now June 1st. I have no idea what is going to happen, but I do know this: Insurance does not pay for everything, and at the rate we're going, it won't take very long before we eat up lots of our savings
I have been trying to take care of him at home, (when he is not in the hospital or physical therapy/rehab) but don't know how much longer that will be possible. Every time he comes back home, he is weaker and weaker and I am not getting any stronger either
So, depending on what happens, I am trying to decide if it would be better to try to go back to work, rent out some bedrooms in my home, or what. I stay so distracted with his health and
condition, I just cannot think clearly right now. And advice/ideas would be greatly appreciated. Thank you very much!
The first thing I would do is check the local codes in your area and see if your city allows it.
I'm also not sure you should try taking on renters and becoming a landlord, given all that you are currently dealing with. Do you have a financial advisor who might be able to help you examine your situation and vet all options?
How many bedrooms and bathrooms do you have in your house and how many are you willing to rent out? Think long and hard about how it will be to share parts of your living space with one or more strangers. Some people just don't feel secure or comfortable sharing their space with strangers.
That being said, I think this could be a great option for you to make some extra money to offset some of the costs you are incurring with your husband's care. But only if you are able to find a good tenant. It doesn't hurt to put up an advertisement to see who you get to apply for a room. Just be sure to thoroughly screen whoever you consider with a credit and background check. it doesn't hurt to keep your options open. And it sounds like if you can find the right person to rent from you, it will solve a lot of your problems. Good luck!
Thank you for the comments to ponder. I have 2 extra bedrooms with a bath in between (not adjoining)...or I could make the Master Bdr/bath available. Awhile back I had wanted to have the single car garage turned into a nice Apt., but my husband wasn't crazy about the idea...(it is his motorcycle garage and houses all his tools and "stuff"). I don't guess he's been out there in 3 years...
Wonder how hard it would be to offer bed-and breakfast? Our place isn't fancy, by any means, but I believe it has certain amenities that might be appealing to some ppl.
Are you anywhere near a University? If so you could get referrals from the school for students who are looking for rooms to rent. You have to be very careful & make sure whomever you invite into your home is safe for you.
You think you have problems now? Renters bring problems, especially room renters. Don't be foolish. Get a job to temporarily pull you out of this hole.
Sharing a home with strangers is tough. In many areas outside of big cities the going rate for a room is just $500 a month, you can easily make that in a part time job a few days a month. You don't want to end up renting to a crazy person or a deadbeat who will cost you more money to get rid of than you stand to earn, good luck.
You might look into letting an exchange student rent the room thru an agency if that's available in your area.
You think you have problems now? Renters bring problems, especially room renters. Don't be foolish. Get a job to temporarily pull you out of this hole.
I agree completely.
OP, you have enough to worry about. No need to invite trouble into the next room. If you want a look at the potential problems, just read the Rental forum for a while.
I agree that a job could bring in extra $$ while also giving you something else to think about besides your husband's health problems.
If you do decide to rent out rooms, do so by word of mouth...through friends or fellow church members and such. Takes some of the risk out, but not all.
Also, contact the social workers that do the discharge planning for your husband. There might be local help for your husbands care.
We live outside of Nashville, TN. Hubby and I are both retired. He has been in and out of the hospital 7 times this year, and it is just now June 1st. I have no idea what is going to happen, but I do know this: Insurance does not pay for everything, and at the rate we're going, it won't take very long before we eat up lots of our savings
I have been trying to take care of him at home, (when he is not in the hospital or physical therapy/rehab) but don't know how much longer that will be possible. Every time he comes back home, he is weaker and weaker and I am not getting any stronger either
So, depending on what happens, I am trying to decide if it would be better to try to go back to work, rent out some bedrooms in my home, or what. I stay so distracted with his health and
condition, I just cannot think clearly right now. And advice/ideas would be greatly appreciated. Thank you very much!
If you work outside the home, who will take care of him if/when he needs it?
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
