All Forum Posts by: Billl D.

Hello, I have a person who is interested in renting a home from me. They are willing to pay the full asking rent and seem to have good income per month (So they say, we have not run a credit report and done any income verificaton yet but will). However, he would like to do "Body Work" or what I assume to be massage or some sort of physical therapy out of our house. The girlfriend was a professional cirque du soleil type performer who now does gymnastic instruction out of the home. This seems like a lot of traffic/wear and tear to the home and a lot of liability that I would carry. What if someone got hurt doing gymnastics or had a bad reaction or outcome to the Bodywork and decided to litigate. My question is what form of insurance should I ask for, and should I ask them for more rent to cover the additional risk and if so how much. It would seem that my rental property would have become an office/commercial property not just a home. I am not even clear if the local zoning would allow for this legally.  Any input from others past experience would be most helpful. 

I have heard a second hand account of a similar story to Bjorn's story. Total nightmare. Don't do it!!

Hello BP. I am looking at using Anderson Legal out of Las Vegas Nevada to help me set up my Business and Tax Structures. Does anyone have any experience working with them. They seem to be very knowledgeable with regard to setting up trusts, legal entities, LLCs, Holding companies etc and how they all relate and help each other. I feel like I am diving in the deep end with them if I go that direction and was hoping some bigger pockets folks may be aware of them. 

Thank you everyone on the time it takes to pound out a reply. There is always more to learn. I plan to keep the tenant but will scrutenize the sub leasers for sure. 

Hello, I have a tenant that is asking me if he can sub lease a room or two in the house he is leasing from me. He has been a good solid tenant in fact he was the previous owner that we purchased the house from and he stayed there to rent it back from us. He really would like to stay but it seems like it has become a bit difficult for him financially. Should I say yes or should I ask for some additional fee per month or ?? Please advise and thank you.