Should you Rent to Friends & Family?
As a landlord, you may one day be faced with a tempting prospect. A family member or friend needs a rental, and you have a vacancy. As one can imagine there may be cases where this arrangement works out well or cases where it can become a complete disaster. Below are some Pros and Cons of renting to friends or family. Pros It's Easy: If your rental is open and you let a friend or family member rent from you, you don’t have to advertise for the property, get a broker involved