Medford, MA · Member since 2018 · 14 posts · 2 votes
Hi, my parents are moving to Atlanta, Georiga in the upcoming summer months. My father bought a 4plex near Mercer University and asked me to help him find tenants to lease out to. I was reading some books, listening to podcast, watching YouTube videos on the subject, but couldn't find REAL numbers and figures on some lease agreements. So I turned here, to the best Real Estate community there is, Bigger Pockets! I was hoping if there were any investors in the local area, or just investors doing student rentals, and attornies who know what to put on the lease agreement.
-How much money should I ask for a damage deposit?
-Do I have multiple deposits for multiple things? Damage, vacancy (summer months), etc. or one big deposit?
-How do I include a clause where the parents have to co-sign?