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Updated over 9 years ago on . Most recent reply

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Sam Leon
  • Investor
  • Fort Lauderdale, FL
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Too many vehicles

Sam Leon
  • Investor
  • Fort Lauderdale, FL
Posted

For a multifamily building with limited parking spaces, how do you allocate parking spaces?

I have a fourplex with six spaces, all 1/1s, so I limit 1 space per unit with two guests.  Thinking if necessary I can allocate two spaces for a couple if necessary.

Well, I have an applicant who works for the city's public works and has two vehicles, one personal and a city truck.  He is apparently allowed to drive it home at night.  So that's two vehicles.  Then he said his girl friend might move in one day and she also works fir the same department with two vehicles.  That is 4 vehicles!

First of all his GF would have to be screened, that aside, the possibility of needing 4 spaces is going to be an big issue.

Do you have a clause in your lease with a parking space limit?  He said he can work out the parking space issues amongst the other tenants when the time comes, but I think by then it would be too late.  Thoughts?

There is no street parking.

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Mindy Jensen
  • BiggerPockets Money Podcast Host
  • Longmont, CO
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Mindy Jensen
  • BiggerPockets Money Podcast Host
  • Longmont, CO
ModeratorReplied

@Sam Leon, this is a massive hassle waiting to happen. No street parking means that any extra spaces this tenant takes up are spaces you can't give out to other tenants.

I would tell him in no uncertain terms, and get it in writing and have him sign it, that his unit comes with one parking space. The extra two spaces are first come first serve, or available for $50/month or however you allot those extra two spaces. I would not give him 4 spaces. This will cause ill will toward him and probably you from the other tenants. Absolutely do not let him "work it out" with the other tenants. YOU are the property owner, YOU set the rules.

Or just pass on him and wait for the next good tenant who understands how it works.

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