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Updated over 5 years ago on . Most recent reply
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Possibly renting to friends of friends
I'm in the process of purchasing a new home and turning my current home into a rental. It's my first rental property and I'm pretty stoked about getting into the rental game! A friend of mine knows of someone that is moving into our area soon and looking for a rental. I will be verifying that they have 3x income, a good credit score and verify their rental history with the last 2 - 3 landlords. Since this is my first rental and tenant I don't want to start off on the wrong foot. Does anyone see any issues arising from this situation? I haven't started taking any applications yet so I might end up finding someone that is better qualified. Thanks for any input!
Most Popular Reply
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@Richard Updegrove Take it for what it's worth but the only time I had to evict a tenant was because I rented to a friend of a friend. Everything checked out as you had mentioned. But they took advantage of the friend of a friend connection and not only didn't pay rents but trashed the place as well. Learn from my mistakes and only rent to complete strangers that meet all your requirements.
- Joe Funari