All Forum Posts by: Tony W.

Sorry if this is a repeat question, but I could not find a match to my specific situation. 

I have a rental property halfway between San Francisco and San Jose in the center of the Bay Area (i.e. Silicon Valley). I am considering two strategies. The first is renting out my house to a company that, will in turn, rent it out in a mix of MTR and STR. The way the company works is as follows. For MTR I think they rent out rooms to companies that need to have employees in the area for a month or two. And for STR they use Airbnb and other such things. My other options is traditional LTR to a family or a group of people. In both cases I am only dealing with a tenant on a long term basis. And in both cases, I would be renting the property for the same amount. So I am not capturing any of the upside of the MTR/STR strategy. So the question is not about income, the question is more about hassle, wear on the property, damage and other such things.

I have a house that I advertise as a 3/2.  It has 3 bedrooms and 2 baths in the main house, but it also has a garage converted into a 1/1 studio.  I am about to rent it out and my tenants intend to have someone living in the garage conversion.  Do I need to get them to sign a disclosure that the garage is a conversion?  Do I need to be worried about any legal issues from having someone staying in this unit (I am in California).  I have spoken with my insurance guy and the garage conversion is treated the same as the house in terms of insurance so there is no issue on this front. 

If I do need to disclose it, does someone have some boilerplate to do this?

I have a 5/3 house I am about to rent out to three people.  They intend to rent out the remaining two bedrooms to their friends.  I will sign a lease agreement with the three primary tenants.  Should I stipulate in the contract that I also need to sign agreements with the sub-tenants or should I leave that to be the problem of the tenants?  I do have a provision in the contract that I get to vet the potential subtenants and have right of refusal on them.