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Updated over 6 years ago on . Most recent reply

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Matt McCue
  • SE Massachusetts
1
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Student rentals - request to move in a few days early

Matt McCue
  • SE Massachusetts
Posted

Brand new to RE investing...I bought two 6 bedroom SF houses that were set up for student rental housing in June.  Tenants for this academic year move in Sept 1st.  A couple of students asked to move in a few days early.  We supply literally everything they would need to live (dinnerware, furniture, cable, internet and all utilities), except a bed.  Is it reasonable to charge them a prorated portion of a month's rent?  Any legal or risk to allowing them in before the effective date on the lease?  Thanks in advance for the comments and welcome any other additional issues I might not be considering! 

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Tyler Gibson
  • Real Estate Agent
  • Orlando, FL
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Tyler Gibson
  • Real Estate Agent
  • Orlando, FL
Replied
Originally posted by @Matt McCue:

Brand new to RE investing...I bought two 6 bedroom SF houses that were set up for student rental housing in June.  Tenants for this academic year move in Sept 1st.  A couple of students asked to move in a few days early.  We supply literally everything they would need to live (dinnerware, furniture, cable, internet and all utilities), except a bed.  Is it reasonable to charge them a prorated portion of a month's rent?  Any legal or risk to allowing them in before the effective date on the lease?  Thanks in advance for the comments and welcome any other additional issues I might not be considering! 

 Matt, Why not amend the lease to reflect the new move-in day. Also, it is totally reasonable to pro-rate the rent for early move in. 

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