Managing Roommate House Hack

[Jeffrey Anderson]

I'm going to be renting out my master bedroom to a roommate and want to be sure I'm legally compliant throughout the venture. Who can provide a referral or insight on managing this rental?

[Golan Corshidi]

Hey Jeffrey! I operate coliving homes in california mainly but what help are you looking for? If you're looking to just stay legally compliant, I would check your cities laws regarding rooming houses. Most likely, since its owner-occupied there shouldn't be much you need to do. I would make sure your lease agreement is good. I have a solid lease template I got a lawyer to draft. Its for California but happy to share it if you want it. 

Other than that, if there is anything else you need help with feel free to message me! best of luck to you. 

[Tim Baldwin]

You should have a lease agreement for the roommate prepared by a landlord attorney. Roommate situations have positives and negatives for you as a landlord. The good thing is, you get the advantage of knowing how the tenant is taking care of the property. The bad thing is, you are around your tenant a lot :) Get the terms and conditions in writing. That's a great start.