All Forum Posts by: Aya I.

We asked for more info, but the response wasn't good, to say the least. We’ll be chatting with a lawyer tomorrow to get clarity. Thank you for your response. 

You are probably right that he will be living there. We’re going to dig deeper into the legal side of this and weigh our options carefully. Thanks for your insight!

Thank you, Dominic. The property is in Indiana, and I’m fairly certain he will end up living there full-time. I’m not entirely sure what that means for us yet, but we plan to consult a lawyer to understand any precautions we should take if we accept him as a tenant and an issue arises.

Thanks for your input, Nathan! I see your point, and it's definitely something we’re considering carefully. 

We have a long-term rental home with a tenant (a woman with minor kids) who has been renting since last September. She passed our background check (mid-600 credit score, no late rent history, verified income) and had been paying on time with occasional late payment. 

Now, she reached out to let us know that her fiancé is getting out of prison and she wants him to live with her. We’re trying to handle this properly and fairly while also protecting ourselves as landlords.

Our current plan is:

1. Clarify whether he will be a full-time occupant or just visiting. If he will be living there full-time and contributing to rent, we plan to require a full background check and update the lease to add him as a co-tenant.
2. If he won’t be financially responsible but will be staying there, we plan to request his basic info (name, SSN, etc.) for record-keeping.

Has anyone dealt with a similar situation? Any advice on what to consider before moving forward? We want to be fair while ensuring our property and rental agreement remain secure.

Thanks in advance for any insights!

Thank you everyone who replied. We have our family member (local realtor/investor) manage property but just for maintenance requests and urgent issues, so we manage rental payment on our own. So far, our tenant has been on time on their rent (just two months, so they better be, right? haha). Maybe when they start getting late on their rent, we might start issuing a monthly invoice as a reminder... 

Hello BP. 

We purchased our first LTR property this summer and have a renter since September. We were still figuring out the best way for the renter to pay their monthly rent for the first two months. We got money order, then we set up Zelle. We will be using Zelle from now on. Noticed Zelle has invoicing feature, so I'm curious if people generally issue monthly rent invoice? Or just have your renter pay without any official request or any invoices? 

Mostly because we have family/realtor there who have experience investing in West Lafayette. Also for MTR purposes, we selected the area near to the two hospitals. 

Hello! I'm in the process of finalizing our first investment property in Lafayette, IN. We live in Washington state, so this will be managed remotely. I would like to connect with people who are in or near Lafayette, Indiana. We are new to investing and would appreciate your knowledge. Is anyone running mid-term rentals in that area?