How to Prepare For Renting a Shared Residence

HOW TO PREPARE FOR RENTING A SHARED RESIDENCE

Renting out a second home unit can lead to disaster if you’re not prepared. Fortunately, there are ways to avoid this.

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In Hawaii, we can have a second “Ohana” home on our property.

Ohana means family, and it also means that only relatives are allowed to live in the second home unit.

Sometimes, owners will simply rent out the unused unit to whoever’s interested. However, problems can arise without concrete arrangements.

Tenants need certain things, such as parking areas, water and electric bills, and mailboxes. There are many of these problems to go through, so I don’t normally extend our eviction or rent guarantee for shared residences.

“Problems can arise without concrete arrangements.”

Potential issues need to be worked out before they arise and before we agree to rent out a shared home for you.

I can help you navigate this process as well as answer any questions you may have. Feel free to contact me if you’d like my help or need further information. I look forward to hearing from you.

Posted by: Hipacific on October 15, 2018

Posted in: Uncategorized