Dominus
JUB Addict
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Would you or could you forbid the use of pot on the premises? I am looking at a home in a college town that has an upper and lower unit. The lower has 3 bedrooms and a bath and the upper has 2 bedrooms and a bath. The rent collected on the upper would cover the mortgage with some change ($100-150) left over. So the wife and I could live rent free.
With my lack of people skills I fear that I might be a little overbearing about the use of pot or even booze and loud parties. Then my wife id hard of hearing and cranks up the tv. I don't care if people get high but I hate the smell of pot and cigarettes.
Tell me your thoughts.
If you play your cards right, being a landlord isn't that bad. Unfortunately, most people don't have the personality or the patience to play the game itself. Hence, being a landlord isn't for everyone. My husband was burnt out after just a year of doing this. And yet, I'm thriving ever since I took over his part. Not saying I'm better. I just happen to have the personality to deal with this.
Here are a few advises.
Give them a new toilet regardless of if the current one works or not. A nice one with a duo flushing system elongated toilet costs $99 at menards. Get that. Also gives you the opportunity to put a new wax seal under there so it will be another 20-30 years before you have to deal with it again. The toilet is probably the most neglected amenity in a rental even though it is so important to day to day living. Everybody likes to use a nice toilet that flushes strongly.
And while you're at it, give them a new bathroom vanity. A nice 30 inch one costs $79 at menards.
Give them a dishwasher if you can fit one in. Everybody likes having one. Trust me. When I list my places, the thing that people brings up the most is the dishwasher. It is something that most landlords don't want to be bothered with but tenants love having one.
Make them apply on zillow. Zillow will do a background and credit check for $29.
Interview them one on one. You can tell pretty quickly the fake polite ones from the real polite ones. Here is a trick on how you can get them to act naturally. Don't be formal during your meet with them. Talk like how you normally talk and wear casual clothing. This will get them to relax and they will show their true selves pretty quickly.
I have created fillable pdf lease that includes everything under the sun if you want a copy. It's been checked by a lawyer. It is 99% common sense stuff and there is no weird rule in there. Let me know and I'll pm you a link to my onedrive to download it.

