Renting Your House Out To Friends - Pros And Cons

[Misc100 2]

Pros:

1. It may save you 0.5 month of agent fees.

2. Your friends help to look after your place.

Cons:

1. Have to do the paperwork for rental yourself.

2. You cannot charge too high; most likely, you have to charge lower than market rate to friends.

3. If things (eg washing machine) are spoilt or broken, paisey to ask them to pay for it

4. Paisey to increase rental when market rental is going up.

5. When your friends cannot pay, do you want to sue them?

[CutePinkElephant 0]

Pros:

1. It may save you 0.5 month of agent fees.

2. Your friends help to look after your place.

Cons:

1. Have to do the paperwork for rental yourself.

2. You cannot charge too high; most likely, you have to charge lower than market rate to friends.

3. If things (eg washing machine) are spoilt or broken, paisey to ask them to pay for it

4. Paisey to increase rental when market rental is going up.

5. When your friends cannot pay, do you want to sue them?

cons more than pro, means better rent to other lor...