hi gurus,
thinking of turning a property in WA into a student/shared accommodation so most likely will be a room by room basis, currently have 4 rooms might convert the theater room to another bedroom so potentially 5 rooms in all to rent out.
been trying to find out a good company who will insure the bldg + shared room insurance(for rent default and damages) would anyone be able to point me to the right direction?
next question is, are there special requisites to my plan to rent 5 rooms individually (special permits that needs to be obtained?)
Can anyone advice how many unrelated people living in same house is the limit before the house is reclassified as a boarding house here in WA?
lastly, to those poeple what have actually converted to student/shared accommodation, can you please share what i need to watch out for or be aware of? i want to keep everything legal and i'm willing to pay a bit more on expenses to prevent a worst case scenario from happening (like insurance being rejected)
Would really appreciate all feedback because i am really having a hard time deciding what to do. Thanks in advance.