What You Need to Know About Renting to Roommates

by Scott on March 8, 2017

32% of adults live with someone besides a significant other. That’s right, roommates are more popular than ever. But renting to roommates isn’t always smooth sailing. For many landlords, it’s easy to end up in the center of roommate tension – a place no one wants to be in! Protecting yourself and your property from a legal perspective is key.

So how do you best serve roommate tenants while doing so? Roommate agreements are the key to success! Before moving in, have a seat with the two tenants. Hammer out an agreement about what might happen if one party decides to move out. You might feel a bit like a college RA, but your patience will pay dividends.
Once a roommate situation sours, it’s rare that the relationship can be rectified. That’s where preparedness – and a roommate agreement – can come in handy.
– Scott Safadi, Cal Bay Property Management

Previous post:

Next post: