Renting to a Friend

Hello, all. I’m about to close on a 4-family home in Prospect Heights (yey!). One of my best friends who really likes the neighborhood has asked me if she could rent one of the units. While I know that she would be a great tenant (during the 11 years that I’ve known her, she’s always been very responsible), I worry about introducing the landlord/tenant dynamic into our relationship. She doesn’t understand why I think it would be a problem. Does anyone on this forum have any opinions or suggestions? Thanks!

By New Owner |