In this continuation of our deep-dive into co-living and rooming house strategies with Sid Sharma, we’re peeling back the legal layers that every property investor needs to understand before jumping in. From council approvals and compliance hurdles to the day-to-day responsibilities of managing a compliant rooming house, we covered it all.
We dive into what local councils are really looking for when approving a rooming house, including specific compliance measures that investors often overlook.
Sid talked about the key amenities and legal inclusions required by law, right down to the number of bathrooms needed per tenant. We explored the critical role of a rooming house manager, outlining their responsibilities to ensure smooth day-to-day operations and ongoing compliance. Tenant protections are another major focus, with guidance on how to stay on the right side of regulations while offering safe, affordable housing.
Finally, we discuss how current market trends and rental shortages are influencing co-living success—and highlight common mistakes investors make, along with how to avoid costly legal trouble.
Rooming houses aren’t just a high-yield strategy — they’re a heavily regulated one.
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Episode Highlights:
- 00:00 Welcome to Help Me Buy Property Podcast
- 04:21 Role of a Manager
- 17:22 Tenant Protection
- 22:19 Market Trends
- 26:38 Final Thoughts
