Should you consider renting from a friend? There are compelling positions on both sides of this argument. However, the conditions of the rental and the strength of your friendship play major roles in determining a successful renters vs. landlord relationship among friends. Read the following article for the pros and cons of renting from friends.
Experienced professionals often advise against entering business relationships with close friends. The risk of financial issues ruining long-term friendships is strong. At the same time, some landlords might feel more comfortable renting to friends and family members they can trust. To help determine whether ease of mind is worth jeopardizing close bonds, we asked eight personal finance specialists to weigh in on leasing to and from friends.
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