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Updated about 6 years ago on .

User Stats

14
Posts
2
Votes
Alexander T Nguyen
  • Medford, MA
2
Votes |
14
Posts

Student Rentals - Lease Agreement Tips? Atlanta Georgia Attorney?

Alexander T Nguyen
  • Medford, MA
Posted

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?

Also, any other tips would be welcomed!

Best,

Alex