Comments on: Double the Tenants, Same Rent http://www.biggerpockets.com/renewsblog/2008/11/09/double-the-tenants-same-rent/ Learn, Network, Invest Sat, 11 Feb 2012 20:37:50 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: D Opgenorthttp://www.biggerpockets.com/renewsblog/2008/11/09/double-the-tenants-same-rent/#comment-87077 D Opgenort Mon, 04 Oct 2010 07:19:01 +0000 http://www.biggerpockets.com/renewsblog/?p=2169#comment-87077 This is the arrangement where I live (I also own a rental, but it's in another part of the state...). So far this has worked pretty well---12 years and counting for the household, I moved in @ 10 years ago. We are in a 5 br house in a nice area, and the 1/5 rent split is a good enough deal to put up with the idiot rental company (my primary complaints have been incompetant/dishonest contractors used by the management company). We are responsible to replace roomates as they move out (or pay the additional rent ourselves). The rental company is SUPPOSED to do a credit check as part accepting the rental application. They take the "application fee" promptly enough, but frequently don'tseem to bother to get around to doing the credit check /paperwork for 6 months (*grumble*). I guess they figure that those of us already on the lease qualify with our income, so that the credit rating of the new person is irrelevant. This is the arrangement where I live (I also own a rental, but it’s in another part of the state…).
So far this has worked pretty well—12 years and counting for the household, I moved in @ 10 years ago. We are in a 5 br house in a nice area, and the 1/5 rent split is a good enough deal to put up with the idiot rental company (my primary complaints have been incompetant/dishonest contractors used by the management company). We are responsible to replace roomates as they move out (or pay the additional rent ourselves). The rental company is SUPPOSED to do a credit check as part accepting the rental application. They take the “application fee” promptly enough, but frequently don’tseem to bother to get around to doing the credit check /paperwork for 6 months (*grumble*). I guess they figure that those of us already on the lease qualify with our income, so that the credit rating of the new person is irrelevant.

]]> By: Matt Martinezhttp://www.biggerpockets.com/renewsblog/2008/11/09/double-the-tenants-same-rent/#comment-61175 Matt Martinez Mon, 10 Nov 2008 16:04:49 +0000 http://www.biggerpockets.com/renewsblog/?p=2169#comment-61175 Find answers to your questions about being a landlord and real estate investor!INVESTING IN APARTMENT BUILDINGS is a comprehensive guide to finding, analyzing, managing, improving and profiting from rental properties.This book teaches you how to:* Determine where to invest * Evaluate the return on any property * Conduct due diligence on prospective acquisition targets * Construct deals * Manage properties so they achieve their full economic potential * Improve a property's NOI * Develop exit strategies * Gain the confidence and knowledge you need to invest in larger dealsIf you are considering investing in multifamily properties, I suggest you immediately order INVESTING IN APARTMENT BUILDINGS on Amazon.com. If you buy the book today and send the author your receipt from Amazon (email your receipt to info@landlordandinvestor.com), he will send you the following valuable gifts absolutely FREE:1. How to Fill Vacancies. A packet of information that details every aspect of filling vacancies, keeping good tenants and maximizing your rental property’s revenue potential! (Valued at $50.00); and2. His exclusive one-hour audio interview about multifamily investment strategies. (Valued at $19.95)Click here to learn more about the book:http://www.amazon.com/Investing-Apartment-Buildings-Reliable-Long-Term/dp/00 71498869?ie=UTF8&s=books&qid=1217915261&sr=8-1Advance Buzz for Investing in Apartment Buildings:“Matt has really hit the target; a concise, complete and organized approach to investing in this asset class. He really gets it, and you will too." Gary Kachadurian, Chairman, Apartment Realty Advisors"If you're interested in moving up to bigger and better real estate deals, you simply must read Matt Martinez's new book!" Robert Irwin, bestselling author of How to Get Started in Real Estate Investing“Matt’s book is a thorough outline of the fundamentals of apartment investing. The next few years will set the stage for a ‘once in a lifetime’ opportunity to buy apartments at distressed prices. Buy this book, and get ready for the ride of your life!” Marcel Arsenault, Co-Author, Foundations of Wealth: How to Build a Real Estate Empire"Martinez provides a framework for the evaluation of opportunities that will support sound decision-making." Sam Chandan, PhD, Chief Economist, REIS“Matt’s book provides the tools for success that are essential for anyone interested in building a winning real estate portfolio.” Daniel M. Palmier, President & CEO, Potomac Realty Capital“Matt Martinez is able to take the complicated world of Real Estate investing and put it into terminology that the average person is able to understand." Seth Heller, VP of Acquisitions, GREC Conversions LTD"Investing In Apartment Buildings provides step by step advice that gives newcomers to real estate investment the practical advice they need to learn the business from the ground up.” Jordan C. Paul, CEO Aquila Property Company, Inc.Click here to buy the book:http://www.amazon.com/Investing-Apartment-Buildings-Reliable-Long-Term/dp/00 71498869?ie=UTF8&s=books&qid=1217915261&sr=8-1 Find answers to your questions about being a landlord and real estate investor!

INVESTING IN APARTMENT BUILDINGS is a comprehensive guide to finding,
analyzing, managing, improving and profiting from rental properties.

This book teaches you how to:

* Determine where to invest
* Evaluate the return on any property
* Conduct due diligence on prospective acquisition targets
* Construct deals
* Manage properties so they achieve their full economic potential
* Improve a property’s NOI
* Develop exit strategies
* Gain the confidence and knowledge you need to invest in larger deals

If you are considering investing in multifamily properties, I suggest you
immediately order INVESTING IN APARTMENT BUILDINGS on Amazon.com. If you buy
the book today and send the author your receipt from Amazon (email your receipt to
info@landlordandinvestor.com), he will send you the following valuable gifts
absolutely FREE:

1. How to Fill Vacancies. A packet of information that details every aspect
of filling vacancies, keeping good tenants and maximizing your rental
property’s revenue potential! (Valued at $50.00); and

2. His exclusive one-hour audio interview about multifamily investment
strategies. (Valued at $19.95)

Click here to learn more about the book:

http://www.amazon.com/Investing-Apartment-Buildings-Reliable-Long-Term/dp/00
71498869?ie=UTF8&s=books&qid=1217915261&sr=8-1

Advance Buzz for Investing in Apartment Buildings:

“Matt has really hit the target; a concise, complete and organized approach
to investing in this asset class. He really gets it, and you will too.”
Gary Kachadurian, Chairman, Apartment Realty Advisors

“If you’re interested in moving up to bigger and better real estate deals,
you simply must read Matt Martinez’s new book!”
Robert Irwin, bestselling author of How to Get Started in Real Estate
Investing

“Matt’s book is a thorough outline of the fundamentals of apartment
investing. The next few years will set the stage for a ‘once in a lifetime’
opportunity to buy apartments at distressed prices. Buy this book, and get
ready for the ride of your life!”
Marcel Arsenault, Co-Author, Foundations of Wealth: How to Build a Real
Estate Empire

“Martinez provides a framework for the evaluation of opportunities that will
support sound decision-making.”
Sam Chandan, PhD, Chief Economist, REIS

“Matt’s book provides the tools for success that are essential for anyone
interested in building a winning real estate portfolio.”
Daniel M. Palmier, President & CEO, Potomac Realty Capital

“Matt Martinez is able to take the complicated world of Real Estate investing and put it into terminology that the average person is able to understand.”
Seth Heller, VP of Acquisitions, GREC Conversions LTD

“Investing In Apartment Buildings provides step by step advice that gives
newcomers to real estate investment the practical advice they need to learn
the business from the ground up.”
Jordan C. Paul, CEO Aquila Property Company, Inc.

Click here to buy the book:

http://www.amazon.com/Investing-Apartment-Buildings-Reliable-Long-Term/dp/00
71498869?ie=UTF8&s=books&qid=1217915261&sr=8-1

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