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VillageLofts

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Posts: 1
Reply with quote  #1 
So I'm working for someone who owns a 6 unit building, and they have asked me to help them find tenants.

It's located in a college town so that's what the majority of our marketing is targeted at. However we get so many calls about people looking for singles! They obviously are not reading things over very well, but I had an idea: what if we could take one 4 br apartment, put locks on all the bedrooms, and market it as 'corridor/suite style' singles?

Could that actually work/be appealing to students? They have their own bedroom with a lock but they share a bathroom, kitchen, and living-room (just like if they lived in a suite on a college campus. How would you suggest marketing that?
LLinVA

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Posts: 216
Reply with quote  #2 
You can't discriminate against people based on age, marital status, etc. If a single person wants to rent an apartment that you thought would be attractive to a college student, let them (you have to by law). Even just having something like "perfect for college students" in the ad is discrimination.

I don't think most places like that have real locks on the bedrooms. If you are going to live with someone like that, you have to trust them to respect your property and you need to respect their property. Locks on bedrooms like that tells me as an applicant that I shouldn't trust the people I will be living with. 

Are these people expecting to rent the place alone, or are they expecting you do have other roommates lined up? 

You have 4 bedroom apartments?


BritneyR

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Posts: 227
Reply with quote  #3 

You must take help from a property management company. They will provide you better assistance and will also help in advertizing the apartment.


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Jkynor_TT

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Posts: 5
Reply with quote  #4 

I live in an apartment that does exactly that. When marketing, just say one bedroom of a 4 bedroom apartment, and use the individual lease as a selling point. That's exactly what students are looking for.  

For marketing your property check out TurboTenant. Once you post the property, it will syndicate your listing to over 30 different listing sites!

With a proper description and the help of TurboTenant to list it, you should have no trouble renting it out.

Good luck!


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Jenifer Kynor
https://www.turbotenant.com/free-rental-application/

OHlandlord

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Posts: 3,734
Reply with quote  #5 
By putting locks on the bedroom doors, you have just turned it into a rooming house. You are renting bedrooms with use of a common space. And creating more headaches for yourself. Now that you rent rooms, who maintains and cleans the common areas? Tenants will say they only need to maintain the area they rent - their room. Since its a common area, it is now the landlord's responsibility to maintain the common areas. So these areas will be neglected by the roomers until they start to complain about them. And what about rules for usung those spaces? (Arguments ensue) A better way us to rent to roommates. Have the students find their own roommates. If its too hard for them to find 4 roommates, could you divide the home in two? Then each side just needs 2 roommates to rent it. They rent the whole space and are responsible to maintain it. They make their own rules/agreements on whose food is in the fridge, who watches the tv in the living room, etc. You stay out of the petty arguments that will occur.
BritneyR

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Posts: 227
Reply with quote  #6 
A home warranty provides peace of mind to the homeowner/buyer. Its protects you against unexpected repair costs.
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LLinVA

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Reply with quote  #7 
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