Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Angela Persico

Angela Persico has started 2 posts and replied 2 times.

I listed my first apartment and have been showing it this week. I had someone view the apartment yesterday and during the showing he told me that he was actually looking to rent the apartment for his business. He has workers that he places in housing while they're on the job and has been utilizing Air BnBs, which is expensive, so he's looking to rent an apartment for 6 months to a year. He would place 1-2 guys in the apartment at any given time, who might stay there for a month or two, or maybe only a few days. There would be times where the apartment is vacant and his assistant would check on the apartment every few days. His business would pay the rent every month, regardless of it being vacant of his crew. 

I'm not sure if this is a good or bad idea, or if I should just stick with a regular tenant for my first rental, as I've got 3 other decent applicants. I have a lease drafted for a regular tenant, but I'm not sure how this might be different. Would this be considered subletting? Has anyone here had a "tenant" like this before? What was the process and how did it go?

I'm looking for an attorney that can help me draft a good lease. I was trying to use the template from The Book on Managing Rental Properties, but I'm not sure what might need to be modified due to NY laws. I'm in the Albany/Saratoga area.