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Updated almost 6 years ago, 01/30/2019

User Stats

29
Posts
7
Votes
Kevin Lehna
  • Investor
  • North Bend, OR
7
Votes |
29
Posts

renting to adult foster home

Kevin Lehna
  • Investor
  • North Bend, OR
Posted

Hey everyone I'm new to the investing seen and just started my first buy and hold. I'm getting ready to rent for the first time to two couples. They're intention is to turn my 5 bedroom 3 bath single level home into an adult foster home.  My questions are, is there a special rental agreement I should do for renting to two families, or do they each fill out separate agreements? should I have any additional contracts that keep me clear from any sort of liability? Thank you and any additional advice about this would be really helpful.

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