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Updated over 1 year ago,

User Stats

41
Posts
26
Votes
Lionel Quiambao
Pro Member
  • New to Real Estate
  • Rancho Cordova, CA
26
Votes |
41
Posts

MTRs and Shared Space Accountability

Lionel Quiambao
Pro Member
  • New to Real Estate
  • Rancho Cordova, CA
Posted

For individual deposits with regards to renting by the room, I’ve heard advice on various BP posts that you should split up responsibility for damage to the shared spaces. For example, if there are 4 bedrooms, each tenant is responsible for their own room and 25% responsible for shared spaces. One advantage I read about this is that it could encourage all tenants to take better care of the shared spaces or everyone could be penalized.

How should I handle this though if tenants are moving out at different times and consistently rotating? For example, the strategy I will be doing is medium-term rentals with an emphasis on traveling RNs.

Original post I was referring to: Rent out the whole house or Rent by the room?

  • Lionel Quiambao
  • Loading replies...