I signed a 6 month lease with my tenants two of whom were living there last year and one is new, moved in after one of the old roommates left at the end of last lease.This typically is not a problem except in Portland...
Hi Everyone,My friend is the manager for a 5 unit complex, and they are currently subleasing to a roommate and his gf who have been living there for 3 years now. Yes, the owner knows and allows subleases, and this is ...
Hey there - I just bought a house hack duplex and I’ll have a buddy renting a room in the unit I’m occupying.How have you guys handled this with lease? I was writing up the lease and it would sound like he’s renting t...
Hello! I bought my first small home last year and my friend/colleague immediately moved in so I could make some $$$ and now I am asking him to leave because I am getting engaged. I am giving him a hard two month notic...
I have 4 guys who are friends and recently graduated or still going to college applied for my apartment. 2 brothers and another person had cosigners but the 4th person. 1 of the cosigner has very high income, the othe...
I know 3:1 income to rent is the general rule, but what rule do you use for roommates or couples? If there are 2 roommates do you just require 3:1 total or do you require that they each make half of the ratio (1.5...
Hey!Hopefully a quick question - I know some HOAs limit how many units in the association are rented vs. owner occupied. I'm looking into purchasing a large condo or townhome (3+ bedrooms) on the cheap, investing some...
Is anyone familiar with the terms of an FOM that allows parents to purchase a college residence for ther student child as a 2nd home...ie not an investment loan? Can that child/student have roommates that pay rent fo...
I have a two bed room 2 full baths a 1300 sqft apartment and I want to rent out my other room to a friend but I don’t know how much to charge her. How do I go by doing that ?
Hi all, I am going to rent out a room in my home to a friend and I was wondering if I should have a roommate rental agreement?Do you have a separate account for payments received? Do you prepare a statement for you an...