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  • Condo to Rental?

    By Rachel Hull - 08.11.24 1

    I just inherited my aunt’s condo and I’d like to rent it out, but I don’t have any experience as a landlord. I want to be a good landlord … but I also want to be a good “neighbor” to the other owners in that community (I know it’s a pretty quiet building). What do I need to be thinking about in terms of managing my prospective tenants’ relationship with the neighbors?

    1
  • Krista Reuther

    Administrator
    14.11.24

    Turning an inherited property into an income stream is a great move, Rachel, and I appreciate your thoughtfulness regarding the condo community.

    Fostering positive relationships between your prospective tenants and the neighbors starts with setting clear expectations from the get-go. When you’re listing your property on a site like TurboTenant, make sure you specify that your condo is part of a quiet community – but don’t run afoul of the Fair Housing Act by banning people based on protected classes that you think will be noisier than others, like a family with young children.

    As you screen tenants, reach out to their previous landlords and ask if they have a history of noise complaints. Make sure that there’s language in your lease about quiet hours and the consequences of noise complaints, and highlight that section (verbally or otherwise) when it comes time to sign the lease.

    Remind your renters at all stages that your goal is to facilitate a peaceful, respectful community and you appreciate their help to that end.

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