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Too many dependants
started a topic
about 13 years ago
How many dependents is too many? I have a prospective tenant who has 6 kids (4 of whom live with her). Would it be unwise to select this prospect if all other items check out on her background check? Would there be a a distinct disadvantage in leasing to her even though she's fully subsidized (meaning I know I will get my money)?
almost 13 years ago
Something you didn't mention is the size of the unit that you are considering renting to this woman. I use a rule of no more than 2 per bedroom. Infants don't count till about 1 year and kids no more than 2 same sex per bredroom. In your situation I would probably be thinking 3 or 4 bderooms. You said that she is fully subsidized. Any time you are dealing with government agencies there can be other restrictions. (In a building with 3 units, I have 1 unit that won't meet requirments and it would be too expensive to make it meet those requirements.) BTW my wife and I raised 10 kids
about 13 years ago
Many states have ordinances that limit the occupancy for residential dwellings. Many MORE townships/cities have limitations on such occupancies. Generally you can contact your local zoning/fire marshal's office and they can tell you that information. One of my concerns with multiple occupants is that it places more wear and tear on a property. If you are paying for water/sewer, your costs will be higher. These things should be taken into consideration when renting to a larger group. I would highly suggest a current home visit. This is a great way to assess if your prospects take care of their current living situation.
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