All Forum Posts by: Chris Villegas

What did you decide? I am needing to replace one as well. Curious on where your research took you.

Hello All,

I have found a few posts on this topic but still hoping for a bit of clarification in regard to this specific situation.

I currently have a tenant that is wanting his good friend who is ill to move in with him so that he can take care of him. He is indicating that they won't have any financial responsibility for the lease. I will screen and background them as I do all new tenants but looking for some advice as to whether it is advisable to add a non-financially responsible tenant to the lease. Is there a potential issue if the original tenant decides to move out and leave the other adult behind?

Thanks!

Hello all,

Im hoping to get some thoughts from some experienced Landlords on your processes for turning over tenants. I am managing and maintaining 10 units currently and have been for a little over a year so I am starting to get a feel for things. One area where I could use some advice is turning over tenants. These are some of my questions.

1. How soon do you like to advertise a space once you know a vacancy will be coming available? ASAP? even if its 2-3 months out?

2. Do you prefer to have an open "application period" to collect applications and then make a decision based on the "most qualified" or do you take the first qualified, even if on a personal level they put off some red flags. In my mind I think it would be ideal to wait until I get a "no-brainer" but notice as I drag my feet applicants tend to get antsy for a decision (Which I can appreciate).

3. What if people are interested and qualify and never indicate that they even need to see the place in person before willing to sign a lease? I try to take this as a complement as I try to keep my rental rates competitive to garner a better pool of applicants. (Whether this makes financial sense is probably a discussion for another post) Should I insist on meeting prospective tenants face to face before agreeing to lease to them?

I have many questions and all the advice here is amazing. I'll try not to flood my one post with too many more questions.

Thanks!