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Updated over 6 years ago on . Most recent reply
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Student rentals - request to move in a few days early
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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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.
- Tyler Gibson
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