Investor · Florida Panhandle/Illinois · Member since 2016 · 4k+ posts · 3k+ votes
I have a number of rental units where I use the MLS rental lease. I use this so I make sure I meet the state requirements. I do not have a list of guidelines and/or rules that the tenant signs other then what is in the lease. I feel like maybe I have been fortunate up to this point.
Is anyone willing to share what they use for property rules?
Real Estate Agent · San Antonio, TX · Member since 2017 · 814 posts · 466 votes
9y
I'm afraid to jump-in here.
I totally agree with Bill Gulley, and this is my last post here... I think the original post from @Kenneth Garrett deserve merit because is a genuine post, he feels he is fortunate at this point, and looks like his enforcing rules are working, and that's awesome! I have to say, kudos for him, I hope I have a perfect apartment/house where students don't break stuff, but I don't. And I'm OK with it. I'm just the person that enjoy doing business with students that break stuff. Hope I meet someone else that feels the same as I do.
Investor, Entrepreneur, Educator · Springfield, MO · Member since 2009 · 21k+ posts · 12k+ votes
9y
Couldn't help it, glanced at some posts, LOL
Students, I rented to them for about 12 years, no real issues because there is a simple solution"
No young student has a rental history, but I want to give them an opportunity to lease. The tenants are then student and mom and dad. Doctor dad replaced the carpet in one of my units, no issue.
The consumption of booze is legal in every state, city and nook by those legally of age.
You can't enforce the amount of beer a tenant keeps on hand, that's really none of your business, so long as its legal.
What you can enforce is conduct under the influence or just plain conduct, can't be loud, can't throw up on the lawn or carpet......it's not the amount of beer it's the conduct you need to curb.
College kids are young adults, still learning, instead of commanding them, lead them, give them room to live just like yourself, let them know when they get out of line.
I found the best teaching tool was in their pocket, money, I had a fine system that became part of the rent due, if unpaid they defaulted on paying rent, that means leave. Fines were an hourly charge for the time required to address administrative matters that they caused. They soon learednot to rock the boat. :)
Good comments. There are rights on both sides (Landlord and tenant). Just like in a sales contract, operating agreement, JV agreement, etc there are many stipulations that are included in case they are needed. As landlords you can't control everything but we want to have mechanisms in place to address things if needed.
There have been a number of comments regarding the amount of alcohol that was included in one of the stipulations. Yes, certainly some things are difficult to enforce or even establish but I understand the intent. Just be careful not to impact ones right to enjoy the property.