Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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 over 4 years ago,

User Stats

15
Posts
4
Votes
Emmett Hawkins
  • Investor
  • Atlanta, GA
4
Votes |
15
Posts

Renting out a Condo (need advice)

Emmett Hawkins
  • Investor
  • Atlanta, GA
Posted

I had the opportunity to pickup a condo in the area for a good price. The owner is moving to a retirement home and did not want to bother with listing her property. My Brother-in-Law told her I would be interested in buying it from her. Once I was able to confirm that the HOA would allow me to rent it, i locked it in.

I have a couple other SF Homes that I rent to a single tenant or family.  This unit is a nice 3 bedroom 2 bath unit that is pretty spacious for this part of Atlanta.  I had heard some the of the bigger pockets podcasts about renting by the room and thought this may be a good property to try that on.  

Here are some of my questions for rent by the room:

How long of a lease is ideal per room?

Do I need to furnish the common areas, or let the tenants bring their own stuff?  If so, how to a pick furnishing that wont get trashed by renters?  

Should I keep the utilities and bill the tenants or have one of the tenants have the utilities in their name and collect from the other tenants?

Where is the best place to find tenants?

What should I look out for when screening tenants to minimize drama?

Thanks in advance for your advice...