General Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago,
Contracts with roommates
If things go well I might be making my first investment (ever the optimist, I am). This question is about renting out rooms to strangers: In a SFH situation what kind of contract do you draw up when renting out a room? Do you go all Sheldon (Big Bang reference) or something simpler? How do you do a background check on people in this situation? Really rather not do a Rental company yet, too soon with it being the first property.
Also how did you negotiate the utilities and such?
What Am I not thinking of?