Renting our residential house to a group home, Any advise?

[Krystal Stone]

Hi we have been approached to rent out our 4BR/2BA residential home to a group home for at risk youth. We are in Mesa Arizona and looking for any advice possible. Does anyone know of a good resource for this type of rental or a good contract attorney?

[Adam Martin]

This sounds risky, are you being compensated by additional rent and have you checked with your insurance to ensure you are covered.  Also keep in mind how your neighbors are going to feel, you most likely wouldn't be happy if this was moving next to you, your neighbors there are likely to feel the same way.  Personally I would pass but if you go forward I would do a lot of research on the group you are renting to and get a very large security deposit to cover damage.  That said these youth need to live somewhere and this could prove a great revenue source for you.  If everything works out and you are dealing with a legit company this could be a great long term tenant paying above market rates.  Good luck and if you do end up doing this keep us posted on how it works out.