Renting to Family and Friends

[John Van Uytven]

Who rents to family and friends?

How has that worked out for you?

Personally, I won't do it.  I know my family and they can be a pain in the ***.

My first Contract for Deed has just started with my Best Friends younger brother.  Who I do trust.

Another example, I know a man who owns a 6 unit in Chicago and 4 of the units he has rented to family.  They basically have all lived there for 20 years and it has not been a problem.

I would like to hear people's experiences.

Mainly the good.  I know it is easy to hear about the bad, and how this cousin ruined my apartment.