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Reply to "How to make up rent difference"
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[quote=Anonymous]What are the pros and cons of leading to a relative below market price? Personal? Legal? Tax? etc. I'm thinking of letting my brother rent my condo in Shaw. I've had issues with tenants in past and i know he'll take good care of the place. He is a paralegal but enrolling as a law student and with all the student debt, cant pay market rate. He'll manage the place so that cuts down on property management's cut and I'm willing to accept a loss. Its paid off so my expenses are low though income is going towards my saving for getting a better place in a nicer location when i move back.[/quote]
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