Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 6 years ago on . Most recent reply

User Stats

53
Posts
3
Votes
Eric Fernando
  • Montague, NJ
3
Votes |
53
Posts

Renting to unrelated individuals

Eric Fernando
  • Montague, NJ
Posted

I recently bought a two family unit in NJ.  I live in one unit and the other one is for rent. I have an interest from 3 unrelated individuals who work at the same restaurant interested in renting the unit.

It is a three bedroom unit and I am skeptical to rent out to them - in case one of the individuals moves out then I will be stuck with getting another individual in, or terminating the lease/ evicting the remaining two tenants.

At the same time I see good potential as I can charge little more rent, as it is going to be split by the three earnings individuals.

I don't want to learn the hard way, so I thought I'd tap into the wealth of the forum so I can avoid making a newbie mistake.

I have posted in this in the landlord forum as well as the starting out forum. not sure would be the right place.

Thanks in advance!

  • Eric Fernando
  • Loading replies...