Renting to a friend can be tricky. Do they get a discount? How much income do you need to make off of your property to cover your bills? That's a hard line to walk, so try and communicate as openly as you can. If you do decide to give a discount to friends or family, make sure you are truly comfortable with that arrangement and that you won't be holding onto any resentment about it. Cottages are meant for fun!
Dear Nicole, I have a friend with a cottage she rents out for the summer. Months ago, I asked her if my family could rent it from her this summer. We can’t afford to pay what she usually gets for it, so we offered to do yard and painting work for her to subsidize our rent. She said she isn’t comfortable with that arrangement, and that since we’re in a bind she’d simply rent it to us for less than she usually gets. But now she’s going around telling everyone about the great favor she’s doing us, and I keep...
Renting to a friend can be tricky. Do they get a discount? How much income do you need to make off of your property to cover your bills? That's a hard line to walk, so try and communicate as openly as you can. If you do decide to give a discount to friends or family, make sure you are truly comfortable with that arrangement and that you won't be holding onto any resentment about it. Cottages are meant for fun!