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[00:00] – Speaker 1
Hey, guys, Max here, you want to rent a room in your house, however, you don't know how to create an advertisement for Craigslist or Facebook or whatever site you're using. Well, here we go. I have a template attached that's going to help you find the right person for your house, because the last thing you want to do is find someone to rent a room in your house who's not the right person. Yes, I'm doing this a lot here.
[00:21] – Speaker 1
The template attached. Make sure to go to Maxmymoney.org/rentyourroom and I will email you over a guide, a template that we're going to go through. So here's the template. Let's find the right person. Let's go. All right. So here's the agreement after you've typed in your email and you will get an email for this. So this is a Google Drive template. You will be able to edit all the information here. And also, when you put it in your email and get that, you will have access to the sample roommate agreement, the roommate questions and the month month lease agreement, which can be used for a six month or 12 month lease as well.
[01:01] – Speaker 1
But here you go, make a copy of it, follow the instructions are super easy and then make a copy of it. And then here are the important things. So first, always put you know what it is, a three bedroom, one Bartholomeus square foot type in your city. The proximity to things is really important. So make sure you put it close to highway, blank and blank and a popular city. So even if you're on the outskirts or on a in a small city like I live in near Sacramento, so I'd put a quick drive to a quick drive to downtown Sacramento and many bicycle walking trails nearby and then looking for, you know, how many people, one to three, how many you have to move in on the date.
[01:36] – Speaker 1
You want to make sure these are really specific because the last thing you want is ambiguity. You don't want someone saying, oh, can I move in now? We'll know the ads for the first of the month, which is a month from now. I got to make sure that's really, really specific. I always say this is super important. Please read the whole ad before replying. Keep that on there. I would keep keep on this. A lot of this you can edit to your liking.
[01:56] – Speaker 1
Obviously, your housing can be different. The three bed, one bath might not be bicycle trails, but figure out specifically in your locale what what you need to put. But keep this one. Please read the whole ad before applying. I put a lot of effort into posting this and make sure those we apply are serious. Understood. It took me a long time to do this advertisement. The first ad I made was probably about four or five lines and my phone number on the bottom and I was blown up with, I don't know, probably 30 or 40 phone calls the first day.
[02:20] – Speaker 1
And I would say about 90 percent of them were people who have no money, have no references and have no job yet still want me to rent them from it, just didn't make any sense. So the more specific you are, you want to make sure they're seriously interested. Obviously, proximity of the highways, the grocery stores, if they have malls, colleges, I run into a lot of college kids. So I always made sure that they understand how far it is from the college because I actually went to these colleges.
[02:47] – Speaker 1
And then obviously the room I always talk about how what it has, you know, the dimensions and people will have bigger bed frames or whatever it may be. So the dimensions make it easy because let's make believe if it's a small room and someone of the queen size bed, that's all they have. They don't have the money to buy whatever are smaller, better, bigger by whatever. Maybe it's always good to be specific. The more specific you are, the more specific you're gonna find the person.
[03:09] – Speaker 1
And that's what you really want. You want to find a very specific person that you want to rent. Obviously, these can change. I didn't allow any pets or kiddos, Cat. I was just too, too much noise and just made it was too many issues, I would imagine. And then pets. This morning I want to bring a cat in too much cat hair. I don't like sneezing and that's that. Then what you get obviously you put every single entity in the room, every single thing, everything that's happening.
[03:34] – Speaker 1
If it was your maldita recently. What else is going on, washer and dryer, you know. The backyard. Internet, this is important. Make sure to tell them the speed most people are working from home or doing school from their bedroom nowadays. Make sure to tell them what Internet speed you have. If you don't know Internet speed you have, that's OK. Call your Internet company, do the research on your bill. It'll tell you what your intention is and put it out there then just really, really easy terms.
[04:05] – Speaker 1
I don't this is not obviously the lease agreement, which you will have access to as well. But this just shows them, you know, month to month with a signed lease. You can do a six month, one year lease. I prefer to do the month month simply because life changes and these people are most likely not your friend down the road. So you don't know them. You want to feel them out. If things don't work out for a few months, you want to be able to have a good excuse and a good reason to send them on their way.
[04:27] – Speaker 1
Obviously, follow all your local laws and such. Don't give someone a two day notice as to how it works. So make sure to do that within that, within the realm of legality. And then I always, always, always take a security deposit. Yes. Equal to one month rent if person that people do not have one month's rent as well as a one month security deposit, they're probably in a financially strapped position. Now, I've taken those kind of people on before and it never works out.
[04:56] – Speaker 1
Never, ever, ever, always get the deposit up front. They're always going to make an excuse somehow. Oh, this new crisis come. The people who don't have the money are probably in crisis, in a crisis. And I don't I'm not going to take responsibility for paying your own bills. So I pay my bills. You pay your bills. I'm not going to do anything. Yeah, exactly, please. Now, if you do not have this year deposit and first month's rent saved up, please do not contact me.
[05:18] – Speaker 1
No joke. My first dad had 30 phone calls. The next one probably at about 10:00. It knocked off probably about 75 percent of the people who don't who are not prepared, who do not simply are not able to save money or in a crisis mode, or they are unable to save money. If they are unable to save money, unable to be ready, then I can't have them as a roommate. I simply cannot I'm not going to pay their bills and my bill doesn't work out like that.
[05:39] – Speaker 1
Depending upon your age and you're looking for I wanted young professionals, people who these are really so. So normal to most people, but some people just understand, keep it clean, house pays rent on time, a peaceful malapportioned. All these really simple things that your mother and father hope to goodness taught you, but I like to put them just because if people are dirty people, ordinary people, have any have any thought that they may not be able to pay rent on time?
[06:08] – Speaker 1
I don't want them calling me. I don't think contacting me. I want nothing to do with them. They're not going to be the right person. This is a business venture. This is not a charity. This is supposed to be so I can pay off my mortgage more quickly. This is supposed to be to help me build my financial future. Of course, it's a symbiotic relationship. You're giving someone a place to place to live as well as them paying the rent.
[06:27] – Speaker 1
So it's a good symbiotic relationship. But remember, it's not a charity. It is a business. And this is specific, this is really, again, of being specific is really important. What I'm not looking for party animals. Our house is quiet. The roommates know if they have a problem. We talk quite after 9:00 p.m. We don't want messy people. And then I took guys only because females are a whole different equation. So when you have guys in the room or guys in the house and females that can make issues and you have to have guys, it seems to be better.
[06:56] – Speaker 1
And I always put there's so many scams we don't email, just call me. A lot of times people wanting to leave a message and I'll like, well, obviously it wasn't that important. But when they leave a message with their information and I can actually hear their voice, it's it's a real person on a scam, then I see. You know, urgency is always, always the always the plan. Urgency is always what you want to show them.
[07:16] – Speaker 1
If you vibe. Well, I mean, no joke. I have had people call me and suddenly it's the same day because the vibe. Well, they had the money signed up. They had the references. They had the job. We were going to go. There's nothing else to be done. If people are prepared to have everything, all their ducks in the line, this process can be a one one, one a one day situation, a one day process.
[07:34] – Speaker 1
Samuel takes a few days to get the money or get the deposit or whatever it may be. That's fine. But you want to really find the person who has the money and has all the references and everything available right then on that day, as a lot of times for me specifically, I help people move out. And there was five or six days to the first of the month. And I need to fill out room. I need to fill that room ASAP.
[07:52] – Speaker 1
So urgency always push the urgency. Well, that being said, make sure that the right person that you don't want to rent to a person who is not the right person. I've rented to a few people who are not the right people, and it made my life a lot more stressful. And you want to avoid that negative stress. If you follow this guy, though, you will have less stress and you will be able to find the right person.
[08:11] – Speaker 1
And I just put a tiny little bit about the roommates. You know, a little personal thing. We're both chill, respect, privacy, the whole thing, and then put your phone number, obviously. And do I always say no texting? I don't want text. If you're a real person, if you really want to rent this room, then you will call me. You will, I guess, man up and give me a phone call as opposed to a text message.
[08:33] – Speaker 1
Because the reality is the person who text messages, who is maybe not the right person who is going to resolve conflict. I don't resolve conflict face to face. Caracalla in Spanish Face to face. I don't do that. I don't do the phone call. If we need to talk, we can sit around the dining table as grown men and discuss our issues and come to a conclusion. We're going to come to a win win situation. One person is not going to be bulldozed and one person will not be a bulldozer.
[08:56] – Speaker 1
I've had to, for lack of a better word, be a mediator and an arbiter, judge and jury in the situation for so many random issues. It's really funny. You don't really know how someone until you move with them. Yeah, definitely. So use this guy. This guy will help you immensely. Make sure to also go to. Go to the legal rent your room all spelled out, rent your room and type your email here, I will give you the guide.
[09:29] – Speaker 1
I will also or not the guy. I will give you the. The Roomba retirement, as well as three other resources, the sample roommate agreement, the sample roommate questions, which, you know, these questions are super important and the month monthly agreement. So you want to definitely use all that. I just wanna go over a couple of the questions really quick that I ask people, because the questions you have to ask are really, really specific.
[09:54] – Speaker 1
Why are you looking for a new place? Well, if they don't if they have a reason, like I broke with my girlfriend and she had filed a restraining order and now I'm on the street like, yeah, that's probably not going to be the person. I was just out of prison, you know. Why were you in prison? You know, I don't really need to know every single thing about somebody, but if they have a very, very checkered past, the past doesn't always the past the past has always defined the future.
[10:18] – Speaker 1
But a lot of times the past defines the future. So you want to make sure the person is clean cut, knows what they're doing, knows what they want, because you know what they want. What this advertising that you have, you are showing someone what you want, what you need in a roommate. And if they do not follow this criteria, they're not the right person. It's that simple. Well, that's it. That's what I've used.
[10:36] – Speaker 1
I've had but five years now of renting rooms. I've had a 100 percent knock on wood rent paid. I had to shut someone's Internet off one time to get the rent. But that's for another longer story. But I've used this to my heart's content. Use this to your heart's content. You will find the right person. You must persevere. And to be honest with you, you may have to go through a couple of dozen people the first time.
[10:58] – Speaker 1
It's just the fact of the matter. The a lot of people who call do not read the full ad. They do not even understand what having a security deposit means. A lot of time to see the people who are moving out of mom and dad for the first time and have no idea how this whole thing works. So I've and I've done it before. I've rented to people who have moved on, mom and dad, for the first time.
[11:14] – Speaker 1
And I've let them to the process. I've had to teach a guy how to use a washing machine. Hey, that's OK. He paid rent on time. He wasn't enjoyable. We actually hung out outside of the house, which I can't say for everybody. So you'll find the right person, persevere. You will have to go through some gunk now. So make sure to light comments if you guys like this video and I will see you guys on the next one.