Questions about renting rooms out
I just had some questions as I am in the middle of buying a house and I will be renting rooms to people. How should I do this? Because I want to set up an account that I pay all the bills from but have extra money in that could be used for personal use. I do not know how much it would be total because rent payments haven't been established. Everyone will pay the same in rent then we will split the utilities. All the money will go to that account then the bills will be dispersed from that account. Would it be like a business? Seeing as all the left over money would be used to fix the house and or personal use? I am just not sure what to do and I do not want to dig myself into a hole. How should I do this? If it is an account how should I set it up?