501 - Renting to Roommates: What to Do If a Roommate is on the Lease But Won’t Pay Rent by Remen Okowura

As a landlord, you want to lease out your unit and keep it occupied on a regular basis, which could mean you’re renting the property to roommates on occasion. Plenty of landlords opt to rent their units to groups of roommates, but doing so has its advantages and disadvantages.

Offering a multi-tenancy rental unit will increase the pool of tenants to choose from—so it can be easier to find tenants when the unit is vacant. However, if you inadvertently rent to a roommate who won’t or can’t pay their rent, it raises serious challenges.

When one or more roommates can’t pay rent, it can cause friction between the tenants. And it’s more than just roommate friction that you’ll have to deal with. A roommate’s non-payment of rent can ultimately impact your cash flow situation. As such, it’s vital to sort out the problem quickly. Otherwise, you may have no other choice than to evict all of the tenants due to the one problematic roommate.

So, what are your options if a roommate won’t pay rent but they listed as a tenant are on the rental agreement? (Read more at https://www.biggerpockets.com/blog/renting-to-roommates-what-to-do-if-a-roommate-is-on-the-lease-but-wont-pay-rent)

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