Family or tenant

[Chris Sukala]

Ok so what would you do if you were us. Supposedly my sister in law (and kids, husband) could be losing their house. We have been down this road with a friend and was burned. So I will ask just because it's family. We we're toying with buying a house adequate space and have them rent it. We both have mixed emotions about this. If we did this, it would have to treat it like a tenant landlord relationship but for some reason we will end up to be the bad ones. They also do not know we own rental properties. It's not that we want to keep it secret, we think their will be some animosity towards us, so we keep it too ourselves and my immediate side of the family. However we do not want them to be in the streets if they cannot get a place to rent. I do not want them to take us down also if they cannot make rent while we are trying to create our own success stories. We will not offer but was going to possible tell them, yeah we bought a house in the hopes of fixing it up and renting it out. Plant the seed then if they come back and ask to rent it, we would tell them this is strictly business and you would abide by any rules that a tenant would have too. Thoughts?

[Matthew Paul]

Just ask yourself , Could I evict them if they dont pay ?