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Updated over 6 years ago,

User Stats

15
Posts
6
Votes
Garrett Sanford
  • Orlando, FL
6
Votes |
15
Posts

Split home as 2 rentals issues?

Garrett Sanford
  • Orlando, FL
Posted

Hey all, so I am looking at a property that is zoned single family but it has 2 sides. Altogether it is a 4/2.5 single family, but part of it is an addition with a kitchen and only 1 adjoining door making it out as more of a 2/1 and 2/1.5. I am looking into the idea of purchasing it and renting out the other side. I am wondering what some of the pros and cons of this scenario are. My main concerns are splitting bills, mail, and AC temp (only 1 AC unit). Does anyone have any experience with this situation? Good? Bad? Practical remedies? Is this the kind of situation I should stay clear of? If I am the live in landlord I feel like I could properly vet my tenants and find someone who we can agree with each other on some of these things, but then what if I move out and put other tenants in the unit and they arent able to agree on what temp to keep the ac, who pays how much of the bills, etc. 

LET ME KNOW

-Garrett