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Updated about 5 years ago on . Most recent reply

User Stats

11
Posts
1
Votes
Walker Noon
  • Real Estate Broker
  • Denver, CO
1
Votes |
11
Posts

House Hack to Friends?

Walker Noon
  • Real Estate Broker
  • Denver, CO
Posted

Hey guys and girls, 

I am looking to start house hacking soon and plan on renting some of my extra rooms out to friends. That being said, should I get them to sign a lease or not? It will probably be on a MTM basis so its not required by law here in Colorado but I was wondering what everyone on here has done. I don't see there being a problem with them paying rent, but if there is I would rather it be to me than to another landlord would can evict them. 

If you do make your house hack renters sign a lease then whats some uncommon sections you will add in the lease? I would love to get some insight on this for the future if I start leasing to strangers as well.

Thanks,

Most Popular Reply

User Stats

1,127
Posts
1,082
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Craig Curelop
  • Real Estate Agent
  • Post Falls, ID
1,082
Votes |
1,127
Posts
Craig Curelop
  • Real Estate Agent
  • Post Falls, ID
Replied

@Walker Noon - Remember to treat your house hacking like a business. Even though they are your friends, I would not treat them any differently as regular tenants. Make them sign a lease, run the background/credit check, etc. The only thing I might do differently is give them a "friends" discount. 

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