Originally Posted by
Beagle
I thought I would be pretty safe putting my own kids into our downstairs flat.
Each of them made a big mess it in their own ways. I feel better though because damage / unpaid rent was in the very low 4 figures on both occasions.
What I have seen many times from my clients is the single worst business strategy you can engage in is let your rental property out to your own kids.
I have seen repairs and maintenance bills for several clients running well into five figures.
The fact that the transaction is not an arms length business one, in a nutshell, they think they are entitled to get away with almost anything.
If there's drugs involved, look out, you're really in trouble then and how do you put them out into the street and still sleep at night ?