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Updated over 1 year ago on . Most recent reply

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41
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Lionel Quiambao
  • New to Real Estate
  • Rancho Cordova, CA
26
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41
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MTRs and Shared Space Accountability

Lionel Quiambao
  • 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
  • Most Popular Reply

    User Stats

    585
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    423
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    Brett Deas
    • Colorado
    423
    Votes |
    585
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    Brett Deas
    • Colorado
    Replied

    The way I would run it is to give one person responsibility of the shared spaces. Rent out one room for a hundred dollars less (arbitrary number) and put in their lease that they are responsible for the upkeep of common areas. If you leave to the crowd something will never get done, if you single someone out you have a high chance it will get done. 

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