Managing Multiple Tenants

[Cheng Bin Zhang]

Hi All,

I'm currently managing a unit with 4 tenants and I've originally arrange the lease to have all four tenants be jointly/severally responsible for the rent.  With the new lease cycle coming up, they've asked to renew the lease but they'd like to find a fourth person themselves (as one of the current tenants is moving out).  I've heard recommendations about just assigning it to one person in the group and having that person be solely responsible for collecting the rent and sending it.  But the concern is how do you screen the other tenants that she/he then brings into the property?  Looking for some wise input from the BP community here.

Best,

Cheng