Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Linda Roberts

Linda Roberts has started 22 posts and replied 55 times.

My tenants have lived in the house for several years. During this time, the rent has increased by $650. How do you handle the difference between the original last month's rent and the current rent? Do you require tenants to add the difference to the last month's payment each year with a rent increase? Is this stated in the lease agreement?

@Chris Seveney. Thanks Chris. That's what I thought. While the other friends/tenants have agreed to share responsibility, I'm concerned that once they're actually accountable, they may opt to drop the lease and, ideally, move out. Do you think it would be sensible to suggest to her parents that they deposit enough funds into her US bank account to cover the rent? I can't ask her to pay upfront in Mass, but at least the money will be on her account.

My tenants want to add their friend to the lease for a third room. She's expecting to receive a job offer, currently unemployed but has  a good payment history. To address the situation, she has suggested her parents co-sign the lease. While her parents are financially qualified, they reside in Canada, raising concerns about enforceability and payment logistics.Can I get anything from them? Should I ask for a deposit in their daughter's US account? Any other ideas to ensure rent payments?

The tenant called me to explain that she has a medical issue and cannot pay next month's rent on time. Later, she informed me that she is unable to work and, as a result, can only pay some portion of the rent until the end of her lease. There are four months left on the lease, with one already covered by the last month's rent.  She proposes to use her security deposit money to cover another month's rent, to be paid once it's released. Lease ends on July31. She intends to pay the remainder by September. It seems unrealistic that she will pay for 2 months after moving out of the apartment. What agreement would make sense to reach with her? What is the right course of action in this situation? 
Appreciate your help.

Quote from @Alecia Loveless:

@Linda Roberts I typically change the lease date so as to get insurance coverage. I only do this for 2-3 days prior to the original start date for free. Any longer and I would at least charge a fee if not actually prorate the rent.

 @Alecia Loveless. What insurance are you talking about? Is it a home insurance?

@John Morgan I have no problem with them living for free for a couple of days, but for this time they live without a lease. What's the point to sign the lease if I allow them to live without it? All my lease not even valid during this time.

@John Morgan Are you or any landlord is everyday in the house? In my case it's a single family, an hour drive from my house.

@Russell Brazil, so you don't see an issue in giving the keys before the lease started?

@Account Closed

"If he gets hurt or if someone else gets hurt, will insurance cover it if there is no provision for him being on site?"

How is that related? He or his guest can get hurt during the lease time. There is a basic home insurance.