Tenant wants brother to move in

[Jay Garrison]

Hi,

I have a 3/1 with good tenants in it a couple and their 3 kids. They've been there 5 months now, no problems. The guy came to talk with me today and said that a cousin got laid off and wants to stay for about 6 months. He wanted to be upfront with me (I'd already noticed the guys car was there kinda often recently) and said he was willing to pay more. Thoughts on how to handle this? 

[Michael Noto]

As long as you are ok with the potential risk of the family moving out after the lease is over and the brother remaining then go for it. You already know the brother doesn't have a job or anywhere else to go so you have all the info you need. Would you recommend another landlord get themselves into this situation if you were advising them? Just some things to consider before making the decision. Best of luck.