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Post by hop2 on Jul 7, 2018 13:16:42 GMT
I’m hesitant here. Very good people. People I trusted with my daughter. But you know what they say about money/business & friends.
Well, I’m going to see it and I’ll see how it pans out.
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Country Ham
Pearl Clutcher
Posts: 3,313
Jun 25, 2014 19:32:08 GMT
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Post by Country Ham on Jul 7, 2018 13:34:56 GMT
I would rent from a friend, I would be hesitant to rent to a friend. How's that for an answer.
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Post by hop2 on Jul 7, 2018 13:38:12 GMT
That’s right about where I am on this. And I won’t hold it against them if they don’t rent to me but I’d make an excellent tenant.
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PrettyInPeank
Pearl Clutcher
Posts: 4,691
Jun 25, 2014 21:31:58 GMT
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Post by PrettyInPeank on Jul 7, 2018 13:47:41 GMT
What a tricky question. If the savings were good, I probably would. But if it was market-rate, probably not. Not worth tge risk.
What if the A/C goes out? Will they blame you for not changing filters? If the toilet leaks, will they blame you for bumping into it? That is what destroys friendships: people who are quick to blame rather than be reasonable. Even if a toilet were obviously your fault, I as a friend would value my friendship over said toilet, and just pay for the repairs. But would they?
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Post by SockMonkey on Jul 7, 2018 13:49:02 GMT
I would be hesitant. And if you do it, you need to make sure you have an extremely detailed lease agreement documented.
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Post by auntkelly on Jul 7, 2018 13:50:13 GMT
It depends on the friends and on the apartment. If the friends were someone I trusted and thought would to be able to separate friendship from business, and the apartment was in good shape, I'd rent from them.
I would, however, insist on a very detailed written lease agreement.
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Post by worrywart on Jul 7, 2018 13:54:08 GMT
No, probably not since it would only open the door to possible issues.
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Post by elaine on Jul 7, 2018 13:59:44 GMT
Not if I valued the friendship. There are too many ways that that type of business relationship could damage the relationship to risk losing a friendship that means a lot to me.
If it were more of an acquaintance-type friendship that I could live without in my future if something went awry, and it was a good deal, then yes.
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NoWomanNoCry
Drama Llama
Posts: 5,856
Jun 25, 2014 21:53:42 GMT
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Post by NoWomanNoCry on Jul 7, 2018 14:07:56 GMT
No.
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Post by Spongemom Scrappants on Jul 7, 2018 14:13:38 GMT
My two sons in the Navy share a house in Norfolk. They rent that house from a friend. He served on the same ship and was deployed with one of my boys so that's how they met and became fast friends. It has worked really well for all of them.
I think it really depends on the personalities of all involved. If you have any hesitation about it, I'd say listen to your gut and don't do it.
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kate
Drama Llama
Posts: 5,528
Location: The city that doesn't sleep
Site Supporter
Jun 26, 2014 3:30:05 GMT
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Post by kate on Jul 7, 2018 14:18:19 GMT
If it were more of an acquaintance-type friendship that I could live without in my future if something went awry, and it was a good deal, then yes. Also, I would want it to be for a limited amount of time, like 1-2 years with no renewal. Dh and I had a great relationship with a landlord from whom we rented for 6 years. At the end, she was furious because the place needed painting (we didn't do anything to the walls, it was just normal maintenance). We thought we were being good tenants by not asking her to repaint while we were in there. She was not a friend to begin with, but I still feel bad that she was so upset about something that I really don't understand. I would hate to have something like that happen with a friend.
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Post by Lexica on Jul 7, 2018 14:21:21 GMT
When I was a young newlywed, we rented our first apartment from my best friend’s father who managed the complex but did not own it. I never had any issues with him, but discovered that his live-in girlfriend was letting herself in to our apartment when we were not there. I realized this when she commented about a ceiling light fixture that my husband had broken. She commented that we needed to replace it. It had been broken the day prior to her making this comment and we had every intention of finding one as close to the original as possible and replacing it. I would never have left it bare.
After she made this comment, I went outside to see if it was noticeable from the street at all. It wasn’t. Then I began paying very close attention to everything in the apartment and began to realize she had been coming in often. I would find the bedroom clothes closet had been opened (I actually taped one of my long blond hairs to the inside of the sliding closet door so that I would know if the hair was broken that the door had been opened when I was gone. Yeah, I was getting paranoid.) Our mail was not in the same place on the counter and I even noticed that she had been through our refrigerator and a few items such the maple syrup and catsup levels were going down.
I knew that management was only supposed to enter without our knowledge if there was an emergency reason such as a water leak or fire or something. I confronted her and she said she was allowed to enter all of the apartments any time she wanted to because she was a manager and was entitled to make sure the tenants were not doing anything harmful to the apartments. She said she was borrowing an occasional item from our refrigerator because she thought I wouldn’t mind. She wasn’t a manager, she was just living with him. I didn’t make any formal complaint to the owners because I didn’t want to cause a problem for BFF’s father. We just moved. I didn’t tell my best friend until her father broke up with this woman. She was horrified and wished I had said something to her at the time. It didn’t harm our relationship or mine with her dad, but it was weird. Now as an adult, I know I should have told BFF’s father because this woman was endangering his job.
I would rent from a friend again because I know that I am an excellent tenant and I doubt there would be a repeat of the weird situation we found ourselves in those many years ago.
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Post by pierkiss on Jul 7, 2018 14:22:53 GMT
No I don’t think I would. I really don’t like dual relationships, and I would have a hard time separating friendship from business.
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Nanner
Drama Llama
Posts: 5,976
Jun 25, 2014 23:13:23 GMT
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Post by Nanner on Jul 7, 2018 14:29:27 GMT
No, I wouldn't. It could put the friendship at risk.
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Post by jenjie on Jul 7, 2018 14:31:20 GMT
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Post by freecharlie on Jul 7, 2018 14:43:35 GMT
Aren't you having a hard time finding a good apartment where you live?
If so, I would absolutely do it.
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hannahruth
Pearl Clutcher
Posts: 2,622
Location: Adelaide, Australia
Aug 29, 2014 18:57:20 GMT
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Post by hannahruth on Jul 7, 2018 14:43:59 GMT
When we were first married we were offered a house to rent by our BIL's stepfather. It was a rental property he owned and we agreed to rent it.
As the last tenants had left it in a bit of dis repair and neglected the yard we set about cleaning it all up, painting some rooms, doing a ton of work outside and lived there for several months. Can't remember just how long we lived there but I don't even think it was 12 months when we were asked to move out as the landlord wanted it available for his daughter to move into.
So in answer to your question No I would not rent from a friend or family for that matter.
If it doesn't feel right to mix friends with business then don't.
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Post by melanieg on Jul 7, 2018 15:03:56 GMT
I rented from my friends mom. She owned the 4-plex I lived in for 8years. Said I was one of the best tennants she ever had in any of their rentals the owned.
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Post by 950nancy on Jul 7, 2018 15:15:42 GMT
Aren't you having a hard time finding a good apartment where you live? If so, I would absolutely do it. I guess I haven't rented for a long time. I'd rent if the place was decent and the rent affordable. I'd do my best to keep it up and be a good tenant. I would think that my friend would also try his/her best to make sure the place was livable. My husband has been "management" for our neighbor's rental for 20 years. If something breaks, he calls them to find a time to replace it. He inspects it every year and has had the deck replaced, appliances repaired or replaced, or painted in between tenants, etc. I just assumed that is what people do when they rent things. I think having a good contract would be imperative for any rental.
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Post by bc2ca on Jul 7, 2018 15:33:27 GMT
It depends entirely on the friend, how long they've been landlords and the condition of the apartment.
I won't rent from a first time landlord who is a friend. WIth someone who has been a longterm landlord and/or has multiple rentals, I wouldn't hesitate.
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Post by mygigiscraps on Jul 7, 2018 16:04:53 GMT
No. Absolutely not. I wouldn't rent to a friend, either. There are areas of my life that I won't overlap if I can help it.
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Post by christine58 on Jul 7, 2018 16:13:55 GMT
I’m hesitant here. Very good people. People I trusted with my daughter. But you know what they say about money/business & friends. Well, I’m going to see it and I’ll see how it pans out. Knowing how hard it's been for you to find a place, YES. Hoping it works out
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Deleted
Posts: 0
Jun 3, 2024 8:27:38 GMT
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Post by Deleted on Jul 7, 2018 16:23:17 GMT
When I was a young newlywed, we rented our first apartment from my best friend’s father who managed the complex but did not own it. I never had any issues with him, but discovered that his live-in girlfriend was letting herself in to our apartment when we were not there. I realized this when she commented about a ceiling light fixture that my husband had broken. She commented that we needed to replace it. It had been broken the day prior to her making this comment and we had every intention of finding one as close to the original as possible and replacing it. I would never have left it bare. After she made this comment, I went outside to see if it was noticeable from the street at all. It wasn’t. Then I began paying very close attention to everything in the apartment and began to realize she had been coming in often. I would find the bedroom clothes closet had been opened (I actually taped one of my long blond hairs to the inside of the sliding closet door so that I would know if the hair was broken that the door had been opened when I was gone. Yeah, I was getting paranoid.) Our mail was not in the same place on the counter and I even noticed that she had been through our refrigerator and a few items such the maple syrup and catsup levels were going down. I knew that management was only supposed to enter without our knowledge if there was an emergency reason such as a water leak or fire or something. I confronted her and she said she was allowed to enter all of the apartments any time she wanted to because she was a manager and was entitled to make sure the tenants were not doing anything harmful to the apartments. She said she was borrowing an occasional item from our refrigerator because she thought I wouldn’t mind. She wasn’t a manager, she was just living with him. I didn’t make any formal complaint to the owners because I didn’t want to cause a problem for BFF’s father. We just moved. I didn’t tell my best friend until her father broke up with this woman. She was horrified and wished I had said something to her at the time. It didn’t harm our relationship or mine with her dad, but it was weird. Now as an adult, I know I should have told BFF’s father because this woman was endangering his job. I would rent from a friend again because I know that I am an excellent tenant and I doubt there would be a repeat of the weird situation we found ourselves in those many years ago. That would have freaked me out the very first time! How creepy!
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Post by katlaw on Jul 7, 2018 16:42:30 GMT
My DH and I own an apartment style condo and rented to a co-worker of his. It was great for both of us, if she had concerns she was not shy about asking him stuff. And we knew where she was if we had any concerns. I think if you know your friends and you know you are a good tenant it would be fine. We have renters in our unit now but if they move out we have the son of a friend who is interested and we will be happy to rent to him.
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Post by 950nancy on Jul 7, 2018 16:54:45 GMT
One of my teacher friends has a small two story structure (small home) on her lot. She always rents it to one of the incoming teachers in the building. They often stay there for years. It isn't as expensive as a house, more room than an apartment and the rent is affordable for a new teacher.
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Post by papersilly on Jul 7, 2018 17:30:36 GMT
Only if I was desperate. Landlord/tenant dynamics can be very different from friendship.
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Julie W
Drama Llama
Posts: 5,209
Jun 27, 2014 22:11:06 GMT
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Post by Julie W on Jul 7, 2018 17:32:06 GMT
I never mix business with friendship it causes too many issues.
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Post by chaosisapony on Jul 7, 2018 19:28:33 GMT
Probably not unless I just had to be in that neighborhood or was in love with the house/apartment.
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likescarrots
Pearl Clutcher
Posts: 2,879
Aug 16, 2014 17:52:53 GMT
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Post by likescarrots on Jul 7, 2018 20:53:15 GMT
no, i would not.
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Post by myboysnme on Jul 7, 2018 21:29:04 GMT
If you apply like any other prospective tenant, you should be considered fairly for the rental. I do not think they should refuse to rent to you because you are friends. On the other hand if you don't want to rent from a friend, that is totally your choice. I would want a lease and would not pay cheaper rent and have that come back to bite me.
My son rented a place from a friend of mine. She never got a lease together but she charged them about $500 a month more than discussed. They were there 6 months. She was not a good landlord and they were not good tenants. That would have been the case even if they never met before.
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