Sub-leasing your Apartment
Have any of you successfully moved out of your apartment and sub-leased it to someone from Craigslist? What are some of the hurdles you had to deal with? How much of a discount did you have to give for a lease take-over?
Background that you don't necessarily have to read: I am moving back to the city where my job is (DC), and pretty much every apartment is offering two months free rent but only if you sign a 12 month lease. I plan on being in the city for 6 more months until I find a job in a different city. Trying to decide if the move is to get a 12-month lease and sub-lease when I leave or do the higher-cost, 6 month lease and not have to worry about it. Thoughts?
Bumping this.
It's a f***ing mess, primarily from a primary leaseholder perspective.
Background: I had a sweetheart deal with roommates as subtenants, but the legalese said I couldn't turn a profit on the place. I got a job in a different city that was asking me to give two weeks notice to my current job the day of the offer. (and I even had to fight for that) Roommates as subtenants is one thing: you can yell at them every day if they are causing you liability, but being a remote landlord is a completely different animal.
I had to deal with plumbing issues remotely. I had to deal with roommate quarrels and stove problems remotely. I had to deal with general wear and tear and landlord requests remotely. I had to deal with a crazy girl who worked for Goldman who ruined all the furniture (that I owned) in her room and decided to de-clutter by throwing stuff out a 5th floor window.
This is even with offering a screaming deal, and trying to screen out the creepers. Let's just say that the guy who asked if he could sleep in the apartment for a night before he decided if he wanted it didn't get called back.
I even had to deal with payment issues with my landlord remotely. (Hey, if my major multinational bank sends you a check every month, and you somehow don't receive it or ever send me a statement, how am I to know?)
If it wasn't that I couldn't disentangle myself quickly, and might need to move back on short notice if the job offer failed, (25% the rent of the new place) then I would have dropped it. I needed to end up going to court to end the lease and settle everything up.
That sounds awful.
Odd that you had to deal with all of those things as a tenant. I don’t get why the tenants would reach out to to you instead of property management? It sounds like you didn’t actually own the apartment correct?
Subletting. The subtenant calls you, you call the landlord. The obligation to the subtenant falls to you, as does the obligation to return the place in good shape to the landlord. If the landlord knows that you have a sweetheart deal that they can't break then maintenance becomes an 'as convenient' matter.
Dude. It would be less stressful to just rent a room on craigslist.
Right. You can probably find some sweet deals if you look on the “men looking for men” subleasing section of craigslist.
Depending on my negotiations I could have moved back for $500, possibly $200/mo.
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