Real Estate Flipping

Sharing a rental property, be it an apartment or a house, can be either a dream or a living nightmare. There are several advantages to having a roommate, but there are also drawbacks. When these problems are serious, they can lead to a living environment comfortable in certain situations, and even a place to live in other dangerous situations. There are two ways a tenant can protect themselves when sharing their rental properties with a roommate. This includes screening the prospective roommate to and including the roommate on the lease.

Having a roommate can certainly be advantageous in certain situations. The primary advantage is financial. Tenants who choose to have a roommate, essentially cut in half their rent if they choose to have roommates or others if they choose to have two roommates. This is ideal for tenants who would have a bigger apartment, but would not be able to afford such an apartment without the help of a roommate.

Another advantage of having a roommate is an opportunity to share in household chores a roommate. Of course, this is an advantage when the roommate is willing to do his share of work on a regular basis. If this is not the case, it can cause a huge disadvantage which will be briefly discussed in the section on disadvantages.

One of the most important drawbacks to having a roommate is a lack of privacy. Those who live alone never have to worry about not having time for them while they are in their apartment. However, when a tenant has a roommate, there is no guarantee, the tenant can ever have time to while in the apartment.

Another disadvantage of having a roommate is the division of household tasks are not always the same. Roommates should have a discussion on household responsibilities such as cleaning the common areas, but there is always the possibility that a roommate can not do its bit. When this happens, it can create conflict and resentment among the roommates. This conflict can make the situation of life quite uncomfortable.

Select a Compatible Roommate

When you select a roommate, the tenant must be sure to select compatible roommates. In the previous section we saw how conflicts can arise when one roommate does not share the cleaning. However, the styles are incompatible cleaning a small portion of compatibility issues roommates may face. An important question is entertaining. If one roommate has visitors at the apartment often, it can cause problems if the roommate is not comfortable with that.

Even at a time when roommates normally sleep can cause problems. If one roommate goes to bed early and wakes up at 4 o'clock, it can be problematic if the other roommate likes to sleep late and wake up before 09:00. In this case, the roommates can not even begin to get each other's nerves, but they can also begin to affect other people's work or social life.

Include a roommate on the lease

Finally, tenants should ensure they include their roommate or roommates on the lease. This is very important because it helps protect all roommates. Inclusion of all roommates roommate prevents being able to ask another to leave unfairly. This can happen when conflicts arise, but the inscription on the lease ensures each roommate has the right to live on the property. Place each of the names of roommates on the rental agreement also prevents one roommate from not making their rent payments on time. It will also help prevent a roommate to be held legally responsible for not paying the rent on time by the leasing agent.