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Updated over 10 years ago on . Most recent reply

User Stats

74
Posts
37
Votes
Justin Green
  • Real Estate Agent
  • Portland, OR
37
Votes |
74
Posts

Roommate tenants

Justin Green
  • Real Estate Agent
  • Portland, OR
Posted

Would love to hear the thoughts and advise of others about renting to tenants that will be roommates. My first SFR I am turning into a rental is up for rent. I have a nice single lady with a 4 year old and her female roommate wanting to rent. Obviously both adults would be on the lease. Combined income is 3X rent, job and employment history checks out good. What are your thoughts on renting to 2 adult roommates?

Most Popular Reply

User Stats

456
Posts
237
Votes
Andy Luick
  • Real Estate Investor
  • atlanta, GA
237
Votes |
456
Posts
Andy Luick
  • Real Estate Investor
  • atlanta, GA
Replied

We do it all the time and it's the nature of our business as we only do shared housing.  How long have they been friends and what's their history together?  Check landlord references but skip the current one....go one back...assuming that they have rented before.  Run a criminal background on them...if everything checks, get them signed to a lease with 1st  & last month rent....good tenants are hard to find!  Happy Investing

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