Landlord guide to share house management
Thinking about converting a property to room-by-room letting? Here's what's involved, at a glance.
1. Check compliance requirements
Rooming houses in Victoria have specific licensing and minimum standards — this is usually the first thing to confirm.
2. Get a room-by-room appraisal
Understand realistic weekly rent per room and total achievable yield before converting.
3. Prepare the property
Locks, safety equipment and room configuration need to meet rooming house standards.
4. Screen and onboard tenants
Each room is let and managed as its own tenancy, with its own lease and bond.
5. Ongoing management
Rent collection, maintenance and inspections continue for the life of the tenancies.