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Updated over 6 years ago on . Most recent reply

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Matt Holt
  • Rental Property Investor
  • Findlay, OH
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Dealing with roommates as a landlord

Matt Holt
  • Rental Property Investor
  • Findlay, OH
Posted

I recently had a situation where roommates were not holding up their end of the bargain so the other roommate wanted them gone. The situation has since been resolved but I was wondering what the best way to handle roommates as a landlord. I screened and made all three sign the lease together.

Is it best to just let the roommates hash out their issues and just make it clear that I need a check no matter what?

Any suggestions for the future or past stories would be greatly appreciated!

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James Wise#4 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
19,594
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James Wise#4 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Replied
Originally posted by @Matt Holt:

I recently had a situation where roommates were not holding up their end of the bargain so the other roommate wanted them gone. The situation has since been resolved but I was wondering what the best way to handle roommates as a landlord. I screened and made all three sign the lease together.

Is it best to just let the roommates hash out their issues and just make it clear that I need a check no matter what?

Any suggestions for the future or past stories would be greatly appreciated!

 You need to stay out of internal conflict. If the rent is $600/mo & Johnny tries to pay you his $300 while telling you Billy doesn't have his do not accept the $300 from Johnny. Explain that $600 is due to you on the 1st & you don't care who paid for what. If you don't have $600 both Johnny & Billy are gonna get evicted.

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