Extreme Money Saving Tips | Renting A Room
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- Опубліковано 22 бер 2018
- Need to save some money fast? Then you might have to go to extremes. In the past I've had to resort to some pretty drastic measures to save up enough money to pay bills, get rid of debts, and achieve some of my life goals. I wanted to start sharing some of these extreme money saving tips with everyone in hopes that they might be useful to others. In today's video I'll be talking about how to save money each month by renting a room instead of a whole house or apartment.
Have you ever rented a room? If not would you consider it? What would be your biggest fear if you had to rent a room?
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I've done the same thing myself. When you're making $10/hour, you can't afford to throw it all away on a $1,500 per month one bedroom apartment! You don't need a lot of stuff to be happy. Time and peace are the most valuable things you'll ever own.
Something that I find appealing about it is if you don't like your room mates, and your just renting the room. You aren't under a contractual obligation to stay in that house.
I live in a guest house. Red flag about living in a roommate situation is that can get weirdos . In college I responded to a guy looking a roommate, he wanted me to walk around nude. So be careful out there.
dafuq lolol
Lol
🤣😩
Uh, was it like nude, nude or just wondering about top less in boxers?
I agree. I rent a garage turned tiny house in NJ, and it's been a money saver! Utilities , cable and internet included. Temporary solution for me at this time. We don't need a Lot to live.
What about the bathroom?
Same thing for me! Lived in a garage that was converted into a room attached to the rest of the house. It was near Trenton, NJ as a matter of fact! Lived there for 3 years. The financial peace of mind I got from doing it was priceless!
We don’t! I’m in NJ too. It’s high pricing lol
I've been renting a room for 2 years now and I love it. Before I had my own apartment and I was lonely. Now I have 3 roommates and they keep life interesting! Yes you do get some odd people, but life will never be boring haha and the amount of money you save is astronomical :D
It was just a few decades ago when you could find apartments for $350-$550; now you only get a room for that much. RV life keeps looking better & better. But I'm glad Airbnb exits.
I appreciate this comment ❤
I’ve already said on this channel that I’ve been renting to “master” Cal Arts students in Valencia, CA for 12 years. Keep in mind that we are in L.A. City of CA. Back in 2006 I rented a room for $400, which included everything and a shared bath. Lately I’ve been renting my Master Bedroom and adjoining bath for $800. In anticipation of my retirement and full-time RVing. I now reduced his Rent to $500. He has been an outstanding renter for almost 2 years. I’m putting the house in the market and hope to retire and take off in my RV in July 1.
$400 rent in LA for a master room...wow!
The princess - I never wanted to rip off the students. Just needed a bit more $ to help me out and a safe quiet place place for the students!
@@valamonica living the dream dude i hope its been treating you well !!
Works in Europe too! This is what I've been doing for 7 months and it is what has allowed me to travel. Seasonal work with accomodations + rent-a-room in between. Fabulous. 🌏🏞️🏕️🏘️🏰😀
Hi I know this is so late but where can I find a room to rent in European countries? Any websites?
I pay $200 a month for a new 1 br apt in guatemala, about twice that in a larger city, something that would cost you $2,000 a month in SF, or $1500 in chicago.... its even cheaper in mexico and often on the coasts within walking distance of good beaches,
good places to get dental work as well
phil scott but wht abt the political unrest and do they not hate Americans?
Cool but I don't work in Guatemala but thanks though.
Make sure you protect your things as you are living with the landlord and family. Put s lock on your bedroom door!! So no one can walk into u sleeping naked or steal! But change the original lock back when you leave!! Protect yourself
This is good idea! Housing cost is too high!
Seriously considering this for retirement.
Excellent ideas Tim. There are some places that they get away with renting rooms for $1,000+ like Seattle, which I live near. What a shame that in some places renting a room costs darn near as much as an apartment.
Leah Veal right! !! I have a coworker trying to rent a room for $700.00 here in Atlanta, Georgia. I'm like no thank you I pay that for my 1 bedroom apartment.
Seattle is out of control - rent wise and house wise. My condolences. Yeah, I paid close to $700/month in the suburbs of Seattle. It was a basement room, too. very, very low quality of life.
We’re between Seattle and Tacoma - 3br townhouse- quiet chill nurses - $650 a month - grand piano in living room if you play - ymca next door - email me at WideOpenChange AT gmail thanks
in Los Angeles it's the same. I pay $1,000 for a master and private bathroom and garage parking. It is a very nice home though with pool gym and entertainment room in a very nice area. Beats the ghetto in any way since that's what i was used to.
I rent a room in nyc, it still costs $950 a month 😯 but it’s hells cheaper than my own spot.
I rent a basement room with a bathroom and access to the rest of the house for $700 a month and it's plenty.
Do they allow guests over?
Im renting a room in Wuppertal Germany while getting my paperwork finished. Then I find work and an apartment. Yeah its a bit strange at first, but like you said people adapt. And in this case one more new friend, so if you can get past the initial "strangeness barrier", and do it, it may turn out to be better than you imagined. Never mind the money saved.
There's generally first, last, and security deposit. You want a place with rules like no smoking/alcohol. That keeps a lot of trouble away. There will often be other rules like no overnight guests, no guests after 10, stuff like that. Believe me you want a place like that rather than one where anything goes. If you want to spend the night with someone, you get a motel room.
Yeah, heaven forbid a Family.member or something comes to visit. Fuk renting, it's an absolute joke anyone with an income has to do it, to have somewhere live
This is a very good video. I'm exhausted from paying for a place I can't afford right now. It is harder for women, but doable if you're careful & selective, I suppose.
You forgot to tell people to check the whole house for bugs before paying a deposit and first month rent for the room.
Yes very important
Currently what I'm doing now. Best decision ever.
This is how a lot of people live in Europe. People in Paris even rent out their apartment for the month of august, when they leave for vacation. I enjoyed having most of my roommates in London. It is very isolating to be all by yourself in a new place. I’m looking at Airbnb room rentals in places I want to go. You have to adjust your maximum price down to 70 per night for the cheaper places to show up. If you arrive at the place you rented and it is horrible, Airbnb will refund your money and try to find you another place. Right now rental rates are 20-30% higher than last year. It is not sustainable. That is on renting a house in my area. Living on the road gets more appealing all the time. Another option is to look at a roommates site. People advertise their spare rooms there for cheaper than Airbnb.
Truly enjoy your videos, thank you.
Rent room includes internet utilities 600mth. Allows me to save and travel.
Great idea, thank you.
This is a good idea. I have an extra bedroom now that my child is grown up and with the cost of living here, the extra money could make a big difference in paying off bills and saving & investing etc.
Great advice Timothy! Thanks.
No problem Paul!
Good job Tim. You are a smart young man.
It's not for everyone. My last renter made sounds in the bathroom that would curl your hair!
😂
YOUR RIGHT.....IT'S ALLOWING ME TO HELP WITH RELATIVE COLLEGE.
Great video, I have done this and you’re right, we are very adaptable creatures…
Great video. Thanks
Awesome video. Looking to buy a house or duplex. Trying to way the rent by room strategy vs living and rent out the other unit
I will never rent an apartment again. I have been renting a basement for the past few years but would just easily go back to a bedroom once this situation ends. You wouls be surprised how little room you actually nees. Laundry room access and basic kitchen type (doesnt have to be an actual kitchen) uses are a must but everything else? Fuggydaboutit!!!!
Apartment efficiencies are usually one room with one bathroom and a tiny kitchen.!! Like a tiny house..LOL.!! They are the cheaper way.!! But small very small..!!
Damn I rent a room in jersey for 900. The cost of living around here is too much.
I have been renting a room for a month now
You have a great attitude, yea im going to BOS rent one
Place an ad for future roommates. Have lunch together as a group a few times. After you feel you know them a little, choose the ones you like and rent a house or apartment together.
Its not a date bitch
Yeah fuck that
@@supersaiyanbuda on gng
I work part time twice a week bc of a disability and renting a room helps me so much. Especially living in the city. I do have to dish out 800 but utilities are included and I have an entire subway/bus system to rely on since I cannot drive either. Am I saving money? not much since I am on the poverty line....
I got into a lot of trouble a couple of years ago, when I lived in a two bedroom apartment. being the one who's name was on the lease., I Had some room mates, helping with the part of the rent. my landlord became aware of this. And came knocking on my door. She threatened me with eviction, because I had room mates, saying that I was violating the rules of the lease. So I stood, accused of what she called subletting my apartment. So heads up! if, you choose to rent out extra rooms, while living in a apartment.
What happened; did you have to move out?
Another idea is become a trucker and live on the road
A room rental outside the Tampa area today..2024 is 900 a month.plus. crazy.❤
$600 is cheapest room in NYC.
Neighborhood kinda shady, but I save money
I'm on it..
U just saved my life
Good video man
Thank you! 👍
in Long Beach, ca it's 900 for a room ;(
I cant find an affordable room. All the people renting rooms now want $800 to $1,000 for a room now and the properties are horrible. Very substandard with mold, mildew and roaches and they want long term leases and huge down deposits and the homes are in the worst crime filled neighborhoods.
Wow
I like your shirt.
i live in las vegas ,I want to rent out 2 rooms in my house but if people are not able to work or find jobs, pay their personal bills and things are closed . How would they be able to pay me rent? Right now we are all stress out. should i still advertise the rooms?
I know this post is old, but you can ask for proof of income and/or job reference to confirm how long they worked there, is it dull time, etc. Also the deposit helps show you they have some financial stability or ability to access money
Where I live,people are asking for $700-$1,000 per month for a room.Entry level wages are slightly more than that.
@SW Sweetie wtf rooms where i live are like 250 to 450 highest like 500
@SW Sweetie exactly.
What state do u live in. I live in Jersey and that sounds absurb to even me
@@Dre973Andre Yo Andre, what part of Jersey if you don't mind me asking. I'm thinking about renting a room in north Jersey (Morristown to West Orange) a couple of months to see if it works for me, but the better options on Craigslist are in the 800-900 range. Are you saying that's too much?
@@ChrisFromLongIsland hey bro I'm in newark nj but you can find rooms much cheaper like in price ranges of 400 month just won't be best of areas and we have shelters which are free and you can walk in . where are you from? and best of luck
Renting a room in ontario now going for $900 to $1000 ripping us off after covid
what happends if you want to cook something like say around 11pm is that ok ?
Sure
Depends on landlord
Depends on the landlord/ living situation
I'm doing the same thing right now. So I can save to buy my own house
Can you tell me how you spell
Grelist
Are you expected to stay in your room most of the time or is the house generally open as if it was your own (or somewhere in-between)? Just don't want to overstep any boundaries or be seen as a creepy hermit.
Nathan some people stay in their room with a mini fridge and just hermit out no problem. Others stay out and lounge. But it’s common for people to just stay in their room.
Depends on the landlord so ask them.
I found it difficult to find a room as a guy. Many rooms require female renter. I even saw some the offer free rent to females. (Looking at craigslist in LA area)
Aerohk I don't think any girl would want to take that offer, kinda creepy
@Nathan women on drugs might would or prostitutes.
There is no such thing as FREE rent for females. Everybody sees those ads. Wake up.
How do you find a room to rent
I usually use Craigslist or FB Marketplace
Roomster is safe to use.
Girltea it's a app?
Thumbs up, but I don't know why you prefer a room over an RV. The RV is cheaper.
room rentals are the same price as a 1 bedroom. not worth it in 2023. In 2018, that was a good deal though.
Wow. What area are you in?
You aren’t going to find a 600 dollar apartment in my neighborhood of west coast California
I'm way to cheap to be able to live in that part of the country lol
honestly, I think it's easier for men to do this. For women, it's not always a great idea. Girls have difficulty sharing a home or apartment with other girls, it's biological. All women have to have their "space." Also, if you rent with guys, they will usually be hitting on you. Also, usually a bunch of drunk people and/or substance abuse issues.
Yeah, everybody wants you. Poor you.
the princess I just kept my door closed when o was there went about my business hung out worked kept my social life outside
the princess thank you. I’ve considered renting my spare room as well but these issues bug me. I fear for my security big time, because I ended up meeting weirdos everytime I tried, it’s just so annoying. And I live on my own. If there’s any problem - no one’s gonna be there to side with me. To defend me. It sucks.
Do you want a girl friend?
If I find the right woman yeah. But until then I'm good being single lol