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Updated over 6 years ago on . Most recent reply

User Stats

327
Posts
257
Votes
Christian Wathne
  • Investor
  • San Jose, CA, Bellevue, WA
257
Votes |
327
Posts

Should I not renew lease on roommate house?

Christian Wathne
  • Investor
  • San Jose, CA, Bellevue, WA
Posted

Hi Everyone, 

I have a very good condition (full gut renovation 5 yrs ago) single family house (4br/2ba) in a prime area of the west coast. I was in a hurry when originally renting and ended up renting the house to 3 young professional friends who all kept the house in great shape over the last 2 years. 

Fast forward to now, 2 of the 3 tenants are wanting to end the lease at the end of the term and not renew, while the remaining 1 wants to stay and find 1 new roommate to share the house with (so there would be 2 roommates at this 1 house). 

The tenant who wants to stay has been my main point of contact over the last two years and has been a really great tenant. 

.....question I have is.....do I want to not renew, and instead find a single family to rent to so I don't have to deal with multiple people moving in/out in the future and/or have to deal with other roommate situation problems, or should I allow this tenant to renew? Anybody have experience with this type of situation? 

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