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Updated about 2 years ago, 11/18/2022

User Stats

35
Posts
9
Votes
Michael Greer
  • SE USA
9
Votes |
35
Posts

Collecting rent from multiple tenants in one unit

Michael Greer
  • SE USA
Posted

Hello,

I'm have a 4 bedroom house for rent and several groups have come through to view the property.

3 non-related adults want to move in together.

If I chose them, how should I structure collecting the rent?

I use a software to collect rent for my other properties and have traditional families in them (Father- mom- kids) so I get one payment.

Do I ask the 3 adults to designate one person to pay one payment?

I dont want to get into a situation where 2 people say they paid their portion and the last guy doesn't.

This would leave me with 2 tenants that feel as though they honored their part and I'm out 1/3 of the rent.

I want to keep it simple and have no intent of chasing around anyone.

How should I set it up

Thanks in advance.

Mike

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