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Updated almost 13 years ago,
Do you place limit on number of tenants in one unit??
I have found people will sign the lease and then you will find 2 more people living there. As long as the rent is paid and they are quiet I don't care.
Now when people get in hard times I find 3 people turn into 10 people living under one unit 2 beds,2 1/2 baths.
The problem is the people that were qualified credit and criminal are on the lease and the others are not.So the unknown people have not been qualified to see if they will be a problem or not.
More people wear down the units faster,cause noise with extra vehicles,and parking issues.Our water is not sub-metered and is paid by us the landlord.
Extra people taking a shower,flushing the toilet,washing clothes,cooking etc. runs up the water bill.Water company says people use about 60 gallons a day on average according to statistics.I know there is fire code limits but I was thinking of having in lease max of 4 people and anything over that is 50 dollars per month per person.This would cover extra water bill and help with extra turning costs with the heavier traffic usage.
The people with families like to get money from people moving in to offset their rent. Problem is the renter is getting the extra money and not the landlord.The landlord is getting the extra usage and wear and tear and higher water bill.
Thoughts.......
- Joel Owens
- Podcast Guest on Show #47