All Forum Posts by: Kris A.

Separate leases are typically used when you rent individual rooms to individuals that are unrelated or unknown to each other and that may move in/out on different schedules. This is common for college students.

If it is a group of individuals renting together for the same term, then you would want to use one lease with all of them named on it.

@Kristen C. You need to change to an electronic key pad. Problem solved

@Kristen C. Property insurance is not intended for minor issues, it is for more catastrophic major unforeseen events. And from an underwriting perspective, someone who files claims, paid or unpaid, with frequency is likely to be a risk that is unprofitable . Before anyone jumps on me and says insurance companies shouldn’t be profitable- how will they pay for your new roof or million dollar lawsuit if they don’t have any money in reserve? (No I don’t work for an insurance company)

@Kristen C. Do NOT file a claim for something like this, or anything very minor - and yes this is minor. Even if you do not end up getting any reimbursement from the insurance carrier it will be reported in the national database (LexisNexis) as a claim filed and will count against you for underwriting purposes.

People are making comments about "keys left outside" and "nothing taken" but I don't see where that information was shared. I really don't like this new forum design.

I am also skeptical of the story. If someone broke in, they would take items of value unless it's someone the tenant knows that broke in for something specific like drugs or cash. I wouldn't be surprised if the tenant couldn't find their keys, tried to jimmy the door, then finally broke the window to get in. Then they staged it to look like their keys were outside the home to throw off suspicion.

But, you can't do anything without proof. Make the repairs. Keep a close eye on the tenant because something doesn't smell right here. If there are any red flags (late rent, messy house, lack of communication, etc.) then I would try to get them out as soon as possible.