Should I not renew lease on roommate house?
Hi Everyone,
I have a very good condition (full gut renovation 5 yrs ago) single family house (4br/2ba) in a prime area of the west coast. I was in a hurry when originally renting and ended up renting the house to 3 young professional friends who all kept the house in great shape over the last 2 years.
Fast forward to now, 2 of the 3 tenants are wanting to end the lease at the end of the term and not renew, while the remaining 1 wants to stay and find 1 new roommate to share the house with (so there would be 2 roommates at this 1 house).
The tenant who wants to stay has been my main point of contact over the last two years and has been a really great tenant.
.....question I have is.....do I want to not renew, and instead find a single family to rent to so I don't have to deal with multiple people moving in/out in the future and/or have to deal with other roommate situation problems, or should I allow this tenant to renew? Anybody have experience with this type of situation?