Renting To A Friend, Don't Mix Business With Pleasure
By Dulcey Schuster, Property Management Software
(Rentec Direct Property Management Software Tenant Screening)
A friend and I were recently talking and she mentioned that she was looking for a house to rent. I indicated that I had a rental that would be coming vacant in the next month. The timing couldn't have been more perfect for my friend or myself but I immediately regretted letting her know about my upcoming vacant property. I have an unsaid rule about not mixing business with pleasure to avoid uncomfortable situations, burned bridges, or a loss of a friendship. This particular property I have a property management company managing and I was so relieved that when she called to inquire that they told her that there was 4 applicants ahead of her. Being a landlord is a business and it should be approached with the same level of measures to ensure success. There are so many ways that a landlord...