All Forum Posts by: Bill Coleman

The properties are in Adams county and the guys want to grow about 30-40 plants which is legal and he has a license as a caregiver. They grow hydroponic so there is water. They use tables which tend to be really clean. He says he has grown for 12 years and knows what he is doing. The room is in the basement and has no windows. 

I will not be paying for electricity for sure! 

I see what you mean about fire risk. Risk of property seizure is ominous. They would have to be growing and distributing at a very high level to gain that kind of exposure. There are so many low level growers in this state that I doubt that it will be an issue. 

I'm glad I asked the BP group but I am also almost not glad because you all bring up lots of good topics to ponder.

I know our first instinct as landlords is to say NO WAY, but I want to think a little more deeply about it as this might be a good way to drive a premium rent for the privilege with little risk. So my intention is to explore the possibility. 

The newest trend sweeping the rental market (from my perspective) in Colorado is that many tenants want the right to grow pot in the unit. I can see downsides and upsides.

Downs: messy, elevated risk of break-ins and illegal activities, bad for neighborhood, possible need for electical/HVAC upgrades (paid by tenant)

Ups: tenant will stay for a while and probably be on best behavior, higher security deposit, won't have trouble making rent payment, wont easily be able to move

Has anyone had any experience renting to LEGITIMATE small scale legal growers (not boys who think they know what they are doing)? By small scale, I mean fewer than say 100 plants. 

Has anyone rented to growers and if so, what kinds of clauses did you put in the lease to protect yourself, if any? Did you have any issues with damage to the unit?

Help is appreciated as I have now had 3 prospective tenants asking for this right and I am on the fence about renting to them.

Rentals are very strong in my area. Places get rented in days, especially SFHs

I have a seemingly good prospective tenant on deck. The only issue is that he thinks the background check companies are trying to get info and scam him. I tried to tell him they are not but he works for Apple and sees internet scams unfold all day long so he is very cautious. 

Does anyone know of an alternate way to check background without giving SSN?

Funny thing is that the screening companies ask me for the SSN but then tell the tenant they don't need to provide it and that is raising red flags for him.

Welcome to the land of hard-to-find deals!

Once my tenant called me up and said there was a very awful smell in her apartment. I checked it out and could not find anything but the smell was coming from the stove. I can't recall how we figured this out, but apparently a mouse had become trapped in the oven wall and there was no way to get it out. The appliance guy said the only way to fix it was to put the over on broil all day and turn the mouse corpse into carbon dust. 

So my tenant put on the over all day while she was at work and it was horrific smelling but soon afterwards, the smell was gone.

The next week, another mouse died in the same place. I told her she knows what to do!

It was very early one weekday morning when I got a call from my tenant. He said "Bill, the hot water tank is leaking." I asked how badly. He says "listen" and holds the phone up to the leak and I could hear it gushing. I said I'll be right over....he wasnt kidding either. 

@Matt R.  are you sure you didn't visit a prison? nice pic. that toilet looks scary.

Thanks everyone. This is a really great collection of rent payment options. 

@Account Closed  I sent them the docs they requested three times. Finally I managed to carve out the time to talk to a real person and she is going to expedite the request. It's been frustrating because I have so many things that I am trying to get to come together by September, this is the last thing that I thought I would have to manage via phone.