Running Biz Out Of House (by Shannon [TN]) May 14, 2009 5:11 AM|
Running Biz Out Of House (by MrRational [MD]) May 14, 2009 5:30 AM
Running Biz Out Of House (by sid [MO]) May 14, 2009 6:03 AM
Running Biz Out Of House (by Mac [NC]) May 14, 2009 6:45 AM
Running Biz Out Of House (by AllyM [NJ]) May 14, 2009 7:06 AM
Running Biz Out Of House (by Hamlet [GA]) May 14, 2009 7:12 AM
Running Biz Out Of House (by billy [MA]) May 14, 2009 7:30 AM
Running Biz Out Of House (by SAM [OR]) May 14, 2009 10:40 AM
Running Biz Out Of House (by Mark [AL]) May 14, 2009 11:29 AM
Running Biz Out Of House (by Shannon [TN]) Posted on: May 14, 2009 5:11 AM
State Specific Question About: TENNESSEE (TN)
I Have a prospective tenant that wants to rent my SFH. They also stated that they wanted to run a computer repair business out of the home? What are your thoughts on this? Credit, references, and all seems OK for the guy. I am apprehensive however for obvious reasens. Again, your thoughts. --70.182.x.xxx
Running Biz Out Of House (by MrRational [MD]) Posted on: May 14, 2009 5:30 AM
zoning and traffic is the issue.
How many customer vehicles per day? Retail space? Is parking needed for all that?
Or... is everything done in a quiet spare bedroom alone with and maybe a couple UPS/DHL delivery trucks per day?
The latter would be no problem for me but the former would already have the unit being used for commercial purposes. --96.244.xxx.xxx
Running Biz Out Of House (by sid [MO]) Posted on: May 14, 2009 6:03 AM
Any time a business is involved where many people could be around the property there is an increased risk of something happening that would involve a law suit. You would have to require additional insurance and might have to upgrade the building to commercial code depending on the needs of the business.
"Computer repair" is kind of vague. Is he just building and reloading PC software, retailing components and fully built systems, configuring networks, etc. I know it sounds simple, but I've seen a lot of computer repair businesses that do far more than just simple repairs. Get the details from this guy in writing and then go over them with your insurance agent. The lease should include the renter's handwritten (or typed and signed) list of activities that will be going on as well as a clause that requires whatever insurance your agent recommends. Eviction will follow immediately if he changes his activities without approval or drops the insurance for any reason. --204.80.xxx.xx
Running Biz Out Of House (by Mac [NC]) Posted on: May 14, 2009 6:45 AM
Have the prospective tenant provide his own liability insurance to cover you. Term is you want to be the "loss payee" if one of his customers gets hurt on the property and sues. Also you want fire coverage, you are talking about a lot of defective electronic equipment being worked on, chance of fire getting started. --24.136.xxx.xx
Running Biz Out Of House (by AllyM [NJ]) Posted on: May 14, 2009 7:06 AM
If he picks them up and takes them back to the owner it should not be a problem.
However, you have no way to check income or if he makes enough money to pay the rent. You need to see his last year's tax form to see what he paid.
Does he have another job also? He would not qualify for even my smallest unit if he did not have a good income that he could prove. --76.99.xxx.xx
Running Biz Out Of House (by Hamlet [GA]) Posted on: May 14, 2009 7:12 AM
I have a tenant in a SFH - been renting from me since 2002 - he is in the same type of business. He never has customers come to him - he always goes to them. He either repairs on site or beings back to his place to fix. He has everything set up in the garage.
That doesn't mean that your tenant would do it the same way, but in my case it has worked out.
My tenant is completely self employed - has another unrelated business also - and he is the ideal tenant - he treats the place like he owns it and does more work on the house than I do. If he asks me for something, he gets it!
I wish I could clone him. --98.66.xxx.xxx
Running Biz Out Of House (by billy [MA]) Posted on: May 14, 2009 7:30 AM
does he have a sucessful biz now or he wants to start up a new biz?if he is already in the biz and doing well it seems ok to me if he screens ok.if he wants to start up a new biz i would pass on him --208.58.x.xx
Running Biz Out Of House (by SAM [OR]) Posted on: May 14, 2009 10:40 AM
You didn't specify how they conduct their business. I'd speak with their references about their computer business.
If they bring equipment into your house, find out how they dispose of the old monitors and parts, as the dump will not take these parts without extra high fees, if at all...you don't want to get your house back with 500 CRT monitors stacked up in the corner
We have a Tenant that builds web pages, he goes out to his customers. He always pays his rent and I think he lives in his chair by his computer, as the rest of the unit looks unlived in...
Running Biz Out Of House (by Mark [AL]) Posted on: May 14, 2009 11:29 AM
I would check with my insurance carrier first and city hall second. --66.184.xxx.xx