Tenants chosing how to share rent (Los Angeles, CA)

[quincy]

If I remember correctly most of the landlords who do this include utilities and internet in the rent. I have no idea how the security deposits work. However it really is very common in my state. In college areas the apartment floor plans are even built with that in mind. I lived in one of those apartments once, it was a really great apartment. There were two bedrooms of equal size on opposite ends of the apartment, each with their own bathroom, although one of the bathrooms could also be accessed from the common area. The kitchen and living room were in the middle.

Anyway again, the point I am making is that is some areas, something similar is not unusual.

What you describe sounds similar to how many college dormitories are set up. My rentals (in a college town) are, in contrast, all old houses, each with several bedrooms and each with different layouts and shared utilities. All of the tenants are obligated, on a year’s lease, to the total rental amount. If one tenant leaves early, it is up to the remaining tenants to cover the extra rent or have another tenant approved for a sublease.

RichardBoothe has neither a rental like you describe or rentals like the ones I own - but if he is looking to simplify his time as landlord of a 3-bedroom townhouse, renting individual rooms on individual leases that start and end at different times to a revolving cast of characters is certainly not the way to do it.

 

[LdiJ]

What you describe sounds similar to how many college dormitories are set up. My rentals (in a college town) are, in contrast, all old houses, each with several bedrooms and each with different layouts and shared utilities. All of the tenants are obligated, on a year’s lease, to the total rental amount. If one tenant leaves early, it is up to the remaining tenants to cover the extra rent or have another tenant approved for a sublease.

RichardBoothe has neither a rental like you describe or rentals like the ones I own - but if he is looking to simplify his time as landlord of a 3-bedroom townhouse, renting individual rooms on individual leases that start and end at different times to a revolving cast of characters is certainly not the way to do it.

Where I lived, LOL was definitely NOT a dorm or remotely like one. I do agree however that the OP could be complicating his life as a landlord with that kind of model. Although the ones in college towns all start and stop at the same time, so at least that complication isn't part of the picture.

 

[quincy]

Where I lived, LOL was definitely NOT a dorm or remotely like one. I do agree however that the OP could be complicating his life as a landlord with that kind of model. Although the ones in college towns all start and stop at the same time, so at least that complication isn't part of the picture.

Yes. In college towns, most leases are one year leases and many students will find subletters to take over their rentals for the summer.