Andrew Lamb says landlords care most about guaranteed monthly rent and professional management. Pitch them a house manager, clear rules, and a mission. Negotiate exit clauses for 30 or 60 days if funding changes, and get any lease reviewed by your attorney first.
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30 or 60 day notice.
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So when you're talking to landlords, you want to emphasize guaranteed rent every month, professional oversight, right. Through house managers rules, cleanliness. Right. Our people are doing chores, they're making sure it stays clean, no short term chaos or parties. And a mission driven purpose that helps the community. Landlords absolutely love that. And if you approach it professionally with a clear agreement, house rules and confidence, they'll give you better terms than a typical tenant. Now my recommendation is to just use the standard lease for your state that's usually drafted by the state association of Realtors. You can just google it and find a copy most likely. But in this case, because I was dealing with a developer who had an attorney, they developed a lease. I did run it by my own attorney just to make sure there were carve outs and things that make sense for me like the ability to exit should anything change with our funding source or should regulations change throughout the state that wouldn't allow for a model anymore. We can exit with like a 30 or 60 day notice. And so it's also very clear how we can end the relationship risk free should anything happen that's outside of our control. There's also some stuff just related to acts of God and things like that. If there's fires, if there's. The National Guard is called in, if there's a state of emergency, we can actually back out of that agreement. And not only future rent, you just never know these days what's going to happen. So we want to make sure that things like this are included in the lease.