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 3 years ago,

User Stats

18
Posts
4
Votes
Kris A.
  • New to Real Estate
4
Votes |
18
Posts

Single lease w/ unrelated tenants vs. separate leases in SFH?

Kris A.
  • New to Real Estate
Posted

Hi I have a SFH I currently rent out. It's a 3Bed rowhome. I've always had it rented out to separate roommates (especially when I was househacking it as a tenant) on separate leases. Now I'm considering this as a hassle and just switch to one lease model.

How does one make that transition? Do I have to wait until all new tenants have turned over? 

What are the advantages/disadvantages to doing single lease vs separate leases? 

Does it protect me as a landlord more (in case of need to evict) or make me more vulnerable?

If one tenant wants to break lease do I get to pick the next tenant?

I just don't want to keep turning over each separate room every year to new tenants. Thanks!!

Loading replies...