renting

[qbkilla]

Has anyone rented a room, or basement before/

THe place ive stayed for years and rented the basement apartment, has been sold.

So im looking to rent a room in a house, or basement, to save about 3-400 a month vs renting an apartment (and being locked into a lease).

I dont trust people, and dont want to be scammed on a security deposit.

Has anyone ever lived this way? Do you pay the security deposit on bank transfer? I just feel like I dont want to hand someone over chunk of cash, etc. maybe just being paranoid

 

[Ashop]

I would certainly have some type of written agreement for your security deposit and such. Keep all your payment well documented and pay with cashiers checks or money orders if your uncomfortable with cash.

 

[Getnbiggger]

Has anyone rented a room, or basement before/

THe place ive stayed for years and rented the basement apartment, has been sold.

So im looking to rent a room in a house, or basement, to save about 3-400 a month vs renting an apartment (and being locked into a lease).

I dont trust people, and dont want to be scammed on a security deposit.

Has anyone ever lived this way? Do you pay the security deposit on bank transfer? I just feel like I dont want to hand someone over chunk of cash, etc. maybe just being paranoid

In what state do you live. Im a real estate attorney in Ca. A receipt for SD paid should always be given and it should be indicated on the written lease if there is one.

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[malcom young]

In what state do you live. Im a real estate attorney in Ca. A receipt for SD paid should always be given and it should be indicated on the written lease if there is one.

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.....and what the SD is and isn't to be used for, along with how you do and why you may not get it returned.

 

[Lene28]

Why don't you purchase a property and rent rooms out to other people?

 

[Getnbiggger]

.....and what the SD is and isn't to be used for, along with how you do and why you may not get it returned.

In Ca this is specified by CA law

 

[p-lethal]

i did and cashed in $800 per month. eventually had to boot them for being pigs


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[anarchocapitalist]

if you are renting off renters then i would let the landlord know and set up an agreement with him.

if you are renting off homeowners then i would have a written agreement as well. the conflict is usually not with staying per say ... but leaving. thats when you'll have conflict.

 

[Heck]

I did it for about 1yr when i was younger, saved good money

 

[eaglecall]

I did it before too. If you rent a room, make sure whoever is in the lease to give you a receipt every time you pay rent to him/her. Also is better if you pay him/her with a check to keep that bank record just in case.

 

[power]

I did it for 6 months in Atlanta, GA and 3.5 years in Detroit. Sign a lease pay by check. Visit the place and get a feel. The Georgia room I knew 30 seconds after meeting the guy. The Detroit location I visited 5 places and revisited with my 2 finalists. Both turned out to be great places, but you really have to know what you want and how much interaction you can tolerate. Scary part is the Detroit place I found on Craigslist. Lol.

PWR

 

[Miketyson52]

I have rented many rooms in GA luckily with no issues.