Last edited by IndigoJ; 30-03-2012 at 21:49.
Business-wise you have to be safe, you can't mix friends and business. I would choose the second one.
I would go option a, they need a place, whereAs option b would be much easier to obtain a rental, if you chose option a could you offer the minimum lease period to ensure they are competent to look after the property and pay rent in time then if they work out then awesome if not then are you in a position to re let the property?
that is a tough one. families need space, but surely you'd worry about actually getting the rent. As a first time renter, I had my mum go down as "guarantor", so if I was unable to pay, she would (I never not paid though). Does the family have anyone like that? or a back up income? savings that you know of? centrelink?
On a purely commercial basis, b. But I would probably feel a bit guilty. But I would want to protect my property as well.
Definitely option B
Last edited by IndigoJ; 30-03-2012 at 21:50.
Head says B, heart says A.
Sorry no help at all.
From personal experience choose option b.
We currently have a similar experience with a family like your option a and i can honestly tell you it is A NIGHTMARE. the rent is up to date but the house and our $3000 worth of carpet that is only 10months old is A MESS! !!!!!!!! DON'T do it to yourself, not only is it awkward with friends its heartbreaking to see our rental like that.
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