Investor · The worst town to live in, KS · Member since 2016 · 4k+ posts · 4k+ votes
There is a guy staying in one of my places. 1 or 2 times a month he randomly comes by my place to drink some beer/whiskey and have conversation. If I have some maintenance work to do at a rental, I'll tell him about it and he does it over the weekend. Do any of your renters show up at your own house?
Nope. None of my tenants know where I live. If they can't pay their rent online, then they pay it to a PO Box. If we need to meet, it's at the property. I would never allow them to know where I live. I also would never hire one to be my handyman, even if they are qualified.
Mine don't but it isn't bad to have a renter as a handyman. All comes down to how much you trust him. I personally don't like to get too close because then its harder to enforce issues
I never co-mingle business and pleasure. I would not hire a tenant to work on one of my properties. I certainly wouldn't have drinks at my house with a current tenant.
@Paul Sandhu I *have* hired tenants to do work for me (but generally not on their own house). I had a tile guy living in one place who did really good work. I hired him to do another property and had no regrets at all. I do have LTR tenants do light work for me sometimes but usually stuff in the yard. Nothing using power tools. Liability. Inside the house, I'd be concerned about them doing something half-assed that would be hard to undo if they did it wrong, so I don't do that.
Nope..... that's stepping over the line into "friend" territory......and don't mix friends and business. I also don't hire tenants to do work on the property unless they are really good and I've worked with them before on another property first. Its pretty much a guarantee that when an issue comes up....late rent etc..... the first thing they will bring up is the "remember when I fixed that fence for you cheap?.....or replaced that light for you?" and they expect you to cut them a break...
Nope. None of my tenants know where I live. If they can't pay their rent online, then they pay it to a PO Box. If we need to meet, it's at the property. I would never allow them to know where I live. I also would never hire one to be my handyman, even if they are qualified.
@Paul Sandhu has an interesting niche business model that sounds as if it works very well for him. It most likely will not work very well for us. I’m surprised Paul is asking the peanut gallery because I think he’s got it all figured out.
@Paul Sandhu has an interesting niche business model that sounds as if it works very well for him. It most likely will not work very well for us. I’m surprised Paul is asking the peanut gallery because I think he’s got it all figured out.
That seems like a correct analysis. The tenant in question has been staying in an STR of mine for 25 months. He's in his 60's. Back in the 80's he was a deep sea underwater welder. Minimum wage at that time was $3.35/hour. He was making upwards of $50.
@Paul Sandhu I have one tenant who lived with me for two years at a previous residence that had a separate apartment in it. I am set to sell that property this Friday. Last year I bought a duplex and moved into it and renovated the other side to rent and this tenant moved into the renovated side. I allowed him to do some things like putting up his mini blinds and he is an accomplished gardener so he helps with the yard work. I will not be allowing my tenants in my other rentals to know where I live or allow them to do work on their property other than maintaining the lawn or snow removal if they live in SFH.
@Paul Sandhu to each his own but I would imagine 9 out of 10 landlords that have done some version of this have ended up regretting it. Spoiler alert: I'm 1 of the 9.
My very first tenants were friends of mine before they rented from me. It was a terrible experience.
I wouldn't recommend!! Crossing that line of Landlord/tenant relationship can cause future concerns, and although it is working out now there is a chance that it can turn sour. For your safety, security and for legal reasons I'd separate the two.
I agree with the sentiment above, while you can always be 'friendly' and have a good working relationship with tenants it is a fine line that you should not cross. Use your best judgement but always remember this is a business transaction. Even though that may seem cold it may also save you a lot of headaches in the future.
@Paul Sandhu if I lived near you, I would show up at your house to drink some whisky and have conversation too, haha. I have never had a tenant show up at my house, but I put some effort into masking my address. I did once have a neighbor of a rental property show up at my house. She was yelling at me about how rentals destroy a neighborhood. Same lady called me to complain the neighbors leaves were blowing into her yard. I told her to never call me or visit my house again. I may have used more colorful language than that, just to drive the point home.
@John Underwood. A recent tenant did friend request me. He seems like a great guy. Professional. I'd definitely have a beer with the dude.....if he wasn't my tenant. I hope he didn't feel bad when I did not accept said friend request. It's just that, we aren't friends. Maybe after he moves out.
@Will Gaston. Like most people, our number 1 business policy is; "No friends or family in our rentals". Ever. Period. Not a situation in the world where we change that. If a friend or family needs help, we will help them via some other method.