Anonymous

05 Sep 2020

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Would you rent out a spare room in the property you live in for extra income? Why or why not?

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Jie Sheng

05 Sep 2020

Seedly Student Ambassador 2020/21 at Seedly

Hello, it depends on who I am renting it out to. If it is my friend, friend's friend or someone I kind of know through a relative then I would rent it out for extra income. Whereas, if it is someone I do not really know then maybe not unless I really need the extra income and only if I do not have my own children in my family.

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Tinexxxx

05 Sep 2020

For privacy sake.... nope :/

If you really need the extra bit of income, then rent out bah :)

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ZY

05 Sep 2020

I live in a 5-room HDB flat with my wife and young son. We have an extra guest room. We have never c...

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Related Posts

How is buying a condo as a second property and renting it out profitable when you have to pay ABSD, extra property and income taxes, bank loan interest and etc?

A 30 y.o. single and 3k/monthly income, Inherited debts cleared, Save ~300/mth cash, 0 property, and family commitment of ~900/mth. Would you advise one to continue renting, or BTO or resale flat? :(

Would you rent out your flat after retirement and use the rental income to live overseas in an under developed country, away from friends and family?

I feel like in Singapore owning a property is crucial because that's the norm and so feel pressurised to also do the same. What do you think about living on rent forever instead of owning a property?

If you had rental income of 5k a month, would you stop working and just live on that passive income?