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Updated over 10 years ago on . Most recent reply

User Stats

104
Posts
14
Votes
Roy Mitle
  • Palo Alto, CA
14
Votes |
104
Posts

better to rent to family or roomates

Roy Mitle
  • Palo Alto, CA
Posted

Is it better to rent to a family or a bunch of room-mates getting together. I have a 4 bedroom townhome. I have gotten requests from families with 2 kids and requests from 4 friends who want to room together to save on rent.

My goal is not necessarily highest rent but competitive rent with least amount of headache.

Also if you rent to 4 friends how to you write a lease and get checks etc. I mean 1 of the roommates may leave the others. what happens etc? also i don't want to collect seperate checks from everyone.

Most Popular Reply

User Stats

66
Posts
15
Votes
Tom Kelly
  • Real Estate Investor
  • Odessa, FL
15
Votes |
66
Posts
Tom Kelly
  • Real Estate Investor
  • Odessa, FL
Replied

I would have a hard time evicting friends or family for non payment. I would pass.

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