All Forum Posts by: Dawn Wilkins

3 months upfront thats my new lease although I did have the current tenant tell me that is illegal. Needless to say she will not be a continuing tenant.

Made the huge mistake of listening to a sob story. Rent to 4 undergraduates with a lease that basically indicates "all for 1 run for all". Parent Co-signers.  States that they are to pay with 1 check per month. 1st student sublet within 1 month. 2nd student sublet within 2nd month. 2nd sub-letter left school , told me he was working on getting job. Rest of tenants paid "their" portion. Late student paid but then it became habit; even left town to go back home to make money to pay back rent. Told students that they needed to go back to original student to get paid, not my responsibility. The others pay "their" portion but never pay extra to cover the entire rent. I told them they should move his stuff to basement and rent out room if they don't want to cover his portion. Didn't want to evict everyone during finals so I listened to sob story. The house account has been short for 4 months. Just gave them 30 day notice that I won't be renewing lease. They are more than the security deposit behind. Best way of getting back rent from multiple leasees and or cosigners in a sublet situation? 

PS: Next time I am going to ask for 3 months of rent at a time and no sublets.

Have an out of state single family home in Tennessee. There is HOA but each homeowner is responsible for their own maintenance. My lease agreement states that tenants are responsible for outside landscape maintenance ( cutting, weeding, leaves). They can put flowers in if they want. Question: The beds all have mulch which wears down, which leads to weeds, which tenants get behind, HOA calls ect. Does that come under maintenance or should I just bite the bullet and have a landscape company come in once a year and "open the beds" so to say, weed and re-mulch?

Here in Pittsburgh if I were to put in personal name I would have to pay a tax plus I would lose the protection my LLC provides. I had insurance prior because there is a partner that was using as primary residence. That has changed.

Thanks. I'm just finding that not all companies want to do commercial policies.

I have Allstate for my personal property so they were my first go to company. Unfortunately since my LLC owns part of the property they consider it commercial and won't cover. Have 2 brokers looking. When I decided to go this route I was more worried about the tenants than the insurance issue. Lesson learned.

I didn't even advertise. The coach of college team came to me. Previously my daughter rented out rooms so we had a simple residential policy. I had to upgrade because she left and the entire house is now being used as rental. When I filled out application I thought it best to be truthful ie is this house rented to students. If I ever file a claim it will be obvious who the tenants are. 

I have been on phone with 3 brokers today. Foremost was my current insurance but they will not handle student housing ie who I am renting to is very relevant..it's a question on the application. Have had multiple people tell me since my LLC is on deed that makes it a commercial policy. My current broker ( who represents many companies) is at a loss. That is the reason I posted.

Have a SF rental in Pittsburgh area. Looking to convert to student housing ie all undergrad. Apparently this is a niche market. At this point, looking for anyone to give me coverage. Extra glitch: House is jointly owned with my LLC and my daughter which since she will no longer be the occupant makes it a commercial property which narrows the field further. Didn't think it would be an issue given the number of colleges in town. I guess the smaller guys are lying or don't have insurance. Not my ideal situation. Any suggestion appreciated.

Have a SF rental in Pittsburgh area. Looking to convert to student housing ie all undergrad. Apparently this is a niche market. At this point, looking for anyone to give me coverage. Extra glitch: House is jointly owned with my LLC and my daughter which since she will no longer be the occupant makes it a commercial property which narrows the field further. Didn't think it would be an issue given the number of colleges in town. I guess the smaller guys are lying or don't have insurance. Not my ideal situation. Any suggestion appreciated.