All Forum Posts by: Matthew R.

One of our properties is a shared living space, currently there are only 4 tenants living in a very large space. Right now we have two 1/2 bathrooms and three 3/4 bathrooms for them to use. We are looking to get some renovations done and maybe cut down on the water bill a bit. Would it be legal to have just one 3/4 bathroom and two 1/2 bathrooms? Thanks!

Ok, that all makes sense to me. The one's on the lease get the deposit back, and it is up to them how to figure it out.  Not my problem after that. Thanks!

Sort of an interesting problem, for me at least.  Hopefully it is a really easy answer and I am just overthinking it.

Rented out a unit to 3 people, A, B, and C.  They all signed the lease with a $700 security deposit required, which they gave me.  After a few months, C wanted to leave the unit.  C found someone to take over their room, D.  C was taken off the lease and D was added on.  Since the lease for the group was not over I did not return any of the security deposit.  During that time I received texts from C saying that D never paid them their portion of the security deposit.  A few months after that D decided they were going to leave, they made their intention clear with me, but did not tell their roommates I find out later.  She leaves and then asks to be taken off the lease, which I refuse to do because they did not find someone to take over their portion.  A and B are fine with paying the total rent for the last few months of the lease.  Now there lease is almost over, I suspect there are going to be some damages but probably not the full deposit amount.  Who and how do I return the security deposit to?  Just one check and I give it to A and B, or do I need to split the deposit three ways and send to A, B and D?

Thanks in advance.

 Thanks for the reply Tim!  And yeah, that is what we figured.  Unfortunately, we did not ask.  This is only our third property, so just another thing we can add to the list of things to find out before buying.  Lesson learned.  Thanks again!

Recently bought a multi-unit rental in Minnesota, the price was right and it seemed mismanaged, so there was an opportunity for growth.  Then yesterday in the mail I received a letter from the local housing authority, asking for my bank information and W-9, so they can pay me a section 8 voucher.

My question is, is there anything I can do about this? My primary partner and I have criteria that limits section 8 on our other properties and we do not wish to deal with it.  Are we stuck with the leases we acquired and have to wait until the end of them?

Thanks