When I moved to California, I could not find an affordable rental. The majority of apartments had 10 year waiting list. The apartments charged a fee to apply and add your name to the waiting list, therefore kept their income moving for paperwork submissions with 10 year waiting list. I had no choice but to participate in the “rent a room” scheme in the state of California which is home ownership hidden income. 6 to 8 tenants in a house as renters sharing one bathroom.
It was city after city of these rooms to rent and county after county of searching and only rooms to rent starting at $700 and up. No kitchen or house use. This is the only income from these houses. False partitions, human intrusions at many times. I came out of a shower to a person standing at the sink.
Are they reporting the rental as income for tax purposes? This needs to be addressed as it causes homeownership and private home rentals to be unfairly high in cost and unaffordable. Stop the “room for rent” scheme and the non reported income from renting rooms. Require all advertising companies to obtain personal information, address location and ID verification on a form to submit to IRS for reporting purposes annually for room to rent ads.
Bring back affordable home rentals to private families at an affordable price and privacy and stop the illegal non reported income through room rental. Make it a federally required reporting for any advertising agency to verify and report these types of rental ads to IRS. Id required and verified for reporting purposes. If they don’t provide verified rental information on the form, make it so they cannot run the ad for room to rent.