Hi Matthew:
First of all THANK YOU for taking the time to help me out. It is a large source of my income but I am trying to have it work out, if possible. My daughter is pretty responsible and wants to manage and be in charge so I think it (hopefully) it can be a win/win here.
I am taking your advice and have her choose older students, no 18 or 20 year olds. She would like someone closer to her age, anyway, so not younger 18-20 yo students. MA students and young professionals 24-28 so, is perfect for her as well " By then they have often toned down the partying somewhat, gotten a job (fewer late night loud parties that disturb neighbors), care more about their credit, have some idea of the damage they're doing to a property, etc. An 18 year old freshman will generally be whiny and complain about everything, while a 25 year old will appreciate the cost of living and value of a "room for rent.Upper 20s/lower 30s young professionals are so much easier- they've usually rented before, are trying to settle down and start a career, and know how to work a washer/dryer-- Thank you- Good Advice!
She is looking to Find roommates (24-28) with a job and school, like her, & I am asking for a deposit of one month's rent upfront, separate rental agreements outlining utilities, quiet hours, etc and a credit check. I am giving her lots of room (no pun intended!) i.e. time to find the right persons within reason.
What are your thoughts on a couple renting a room, if both sign separate rental agreements if one leaves?
great advice, thanks again!