Rent by Room Guests Overnight Policy

[Kevin Wade]

After initially focusing on finding a 2-4 unit property, I recently successfully pivoted to a rent by room strategy that has been working well so far. As it is set up now, my tenants are allowed to have overnight guests but limited to only a few days. In general I am ok with overnight guess (as I think it's a little unrealistic for tenants not to be able to have an overnight guest here and there). My concern is more about the frequency of guests staying over as my contract only addresses the time period. I was curious to know how other landlords handle guest overnight policies for their tenants and how/if this is incorporated into the rental agreement. Also any additional tips that you think would be helpful for the rent by room strategy would be great.

Thanks,