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Updated almost 5 years ago on . Most recent reply

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?