We live 15 mins walk to one of the best acting schools in England (a home county). My nearly teen is dreaming to become an actor and to help with cost of living I was contemplating to rent a room to a lodger.
So I am wondering if renting to a student from this school is a good idea. My thinking is:
- This is income that we need
- The student will spend most weektime at school and hopefully most holidays back at their home base
- My dc will have an older role model in the field they are targeting
We are considering charging no more than £7500 per year which gives below market rents even with 2 summer months not rented.
I understand the drawbacks of renting to a student, but I need to get more feedback from people who have actually done it. We will stipulate very strict rules (at home before 9pm, quiet time after 10pm, no friends over, keeping shared spaces tidy and not messing own space etc) in the hope it will be better for the student as well as us. Obviously, it will not work for people who will want to taste the better parts "adult" life - staying out late, whilst I would expect to adhere to our rules. Am I out of my mind??