Unlock the Power of eSignature Legitimateness for Your Lodger Agreement

How to eSign a document: eSignature legitimateness for Lodger Agreement

hey guys max here i have rented out gosh it's almost five years now renting out rooms in my house i have had a 100 rent pound rent paid not always on time though ratio here are the three biggest mistakes i've made that you can avoid when renting out a room so here we go [Music] first one is renting out a room in the first place do you have a lifestyle that allows for this now when i say lifestyle i mean do you have the wherewithal to give up having access to your bathroom all the time perhaps the kitchen the living space you have to really ask questions am i able to share and do it without complaint because the reality is when you have roommates it's really difficult to complain about them being in the bathroom the reality is this when you have roommates you have to sacrifice things and does your lifestyle left for that that's a really important question to ask and then even more than that i have had to deal with interpersonal problems having more than one roommate uh i've had to break up a nearly a fist fight it was probably about this close being a fistfight i've had to break that up it's really not fun so those are some of the conflicts that you may have to deal with especially if you're renting to fellas ladies probably more covert operation when it comes to conflict but guys that straight up they want to fight each other i've had that many times so are you ready for that that is the question i remember having some friends of mine it was friend of friend actually and they were renting out three rooms one to a young woman two to some random guys they met on craigslist or facebook or whatever it was they didn't know them and they themselves had two young daughters like a second grader and a seventh seventh grader something like that now you can do whatever the heck you want it's your life i just know if i had two young daughters i would never bring any strange men or anybody for that matter strange into the house but that's their life so think about do you have the lifestyle that allows for something like this if not then you should not rent out rooms it's really that simple if you can't say a resounding yes i have the right lifestyle for it then the reality is you shouldn't rent out rooms it's really that simple here's the solution though create a lifestyle that allows you to rent out rooms earn an extra income on the home you own now if you have a mortgage let's say it's a thousand dollars a month you rent out two rooms at 350 a piece they're 700 now your actual cost to live in the house is 300 bucks plus whatever utilities they are that's a really good deal if you ask me but it takes sacrifice i moved into an rv for four years the first four years that i doing this i lived in a freaking rv on my property yes i went to go buy i bought an rv for three thousand dollars the rv paid for itself in about three four months which was really nice but are you want to make that sacrifice see it's really hot living in an rv thankfully had air conditioning thankfully i did but it takes sacrifice to create financial success and then financial freedom it doesn't happen just overnight and it doesn't happen just because you will it too you have to make actual sacrifices which seems to be a taboo thing in today's culture second mistake renting to the wrong person you have to ask the right questions when you're talking to someone for the first time the reality is if you have your sleep schedule messed with or they have their sleep schedule mixed with it's going to make a very very very not fun experience at home and the reality is when you come home you want it to be a an oasis a time away from the stresses of the rest of the world at least that's how i look at it i want to come home and have a stress-free environment or at least as close to stress-free as possible so when people have very conflicting sleeping schedules i one time had a roommate shame on me again for not asking the questions that worked a graveyard shift so he was awake all night pretty much until the wee hours in the morning and slept all day well that's kind of hard when you have a normal job and you work during the normal daylight hours like most people do so really ask those questions those questions are super important the last thing you want is your sleep schedule messed up or their sleepless schedule mess up when sleep deprivation is in the question that makes for not very much fun at all and then obviously or even worse than a single person that's not the right person is a couple do you don't want to deal with their familial or a couple relationship issues my goodness just never my one of my big rules never rent to a couple ever i do have a solution though do not do research on questions i've created i think a couple dozen questions asked somebody when you first talk to them go to this url maxmymoney.org rent your room i'll spell that rent your room go to it you'll hit a landing page in just a moment it'll show the landing page you will be able to have access to all the roommate questions as also another some other resource as well type your iman and type your email in and i'll have you have access to it for free then you'll be able to see all these questions why are you looking for a new place do you smoke are you 420 friendly can you put down a deposit all these really really important questions that you want to ask somebody and then you also have access to all the other resources as well so go ahead and go to the url right now but you want to have these questions answered you don't want to be in the dark on things you want to know do they smoke can they pay the deposit can they pay the rent all these really basic questions and some of the more in-depth ones like sleeping schedule what you do on the weekends family nearby things like that all those things are really really important and i created a guide for that so go download the guide or download the guide get access to the resources so you can ask the right questions because the last thing you want is the wrong person in your house it's not fun kicking someone out of your own house at some point i'll tell the story about how i had to kick shall we say an unwilling party out of the house stay tuned for that video all right so you have completed the following you have figured out your lifestyles the correct lifestyle to rent out rooms check good job second one have you found the right person if you have awesome now this is the one that i feel see most people stumble on it's not having the correct paperwork in order when you do not number three is when you do not have a lease or roommate agreement set up i don't care if it's your brother i don't care if it's your nephew i don't care if it's your if it's your significant other i don't care if it's somebody off craigslist or facebook you need to have things in writing things in writing will keep everyone the same page when you have a thing when you have something in writing and people actually sign it it makes it real it makes it legitimate it doesn't just uh oh yeah pay me on the first oh yeah pay me when you can and don't ever use that word first off don't ever say pay me when you can pay me on the first pay me on the first the first one the renters do that's the fact always have things in writing things in writing makes things a hell of a lot easier for you in the long run just in case you had to involve an attorney i hope you never have to do that i haven't had to do that quite yet although i've had to reference people hey we signed this remember on this date when we signed this lease together yeah that right there yeah let's follow through on that and how can we work on following through on that you just want recourse and you want to be able to show someone hey you signed this let's follow through on this keep everything on the up and up everything legal of course all the fall all the legals of your locality but you don't want to have any questions about when the rent is due what the process is when they move out or they're evicted hopefully not evicted but what the process is when they move out when they're going to get their deposit back all these stipulations you want to make sure are written down and everyone's signed so everyone's on the same page because the last thing you want is somebody who doesn't know what's going on is not on the same page and thinks they can pay the rent on the 15th because that's when their their check comes in well news rent is due on the first look at the contract have a contract i do have a solution though you don't have to create your own listing agreement i've created one this is a really really good one i've used it for i don't know probably about three dozen three dozen roommates it's you if you go to the same url max money.org slash rent to your room you have access to it and you go to it right here it's just a simple lease agreement it goes over the stipulations what day everyone's responsibilities the rental everything and everyone signs make it make sure everyone signs you want to make sure everyone's in the same page the last thing you want people are not the same page you want everybody on the same page does it stress that enough everyone needs to know what's going on especially you and especially them because the reality is this i've had room i've had people who it's their first time ever being in a new place as opposed to mom and dad's house so they have no idea how this thing works you want to make sure they understand in a very simple way yes it's three or four pages long but if you read through it there's no legal reason it's actually pretty easy to understand make sure everyone knows what's happening well those are mistakes i've made and hopefully you don't have to make them anymore make sure to go to the resources go to the resources page i will give you all four of those resources which are really really helpful you will get the lease agreement the roommate questions the roommate agreement which is kind of just house rules and then the room ad make sure to download those you will have access to all of them forever and you can use them for your landlording and roommate lording adventures make sure to comment and subscribe below i will see you guys in the next one and happy landlording