I own a house and can rent it out for $2000.00/month and I told my mom that I would rent it to her for 1000.00, she receives social security and a pension $2500 a month, is this fair?
2006-09-09 08:58:18 · 53 answers · asked by foxyraley 2 in Family & Relationships ➔ Family
I wouldn't...
2006-09-09 08:59:35 · answer #1 · answered by Anonymous · 2⤊ 0⤋
If you insist on charging your mother rent, then check with the federal guidelines on family budgeting. According to them, your house should not cost over 25% of your spendable income. For your mother that would be $625.00
So you won't lose so much money, check into a smaller home for her and pay the difference between it's rent and $625. You may well come out ahead.
Vaya con DIOS
2006-09-09 09:03:48 · answer #2 · answered by chrisbrown_222 4 · 1⤊ 0⤋
I hope she charges you back rent for the 18 or so years she raised you. Another thing to think about, think 50 years ahead, do you want your kids charging you for rent with a limited income? Do you make her pay for her Mother's day gift before you give it to her?
2006-09-09 09:02:31 · answer #3 · answered by donronsen 6 · 1⤊ 0⤋
I don't see why not! I mean is it going to put you in a really bad spot if you take absolutely nothing from her? I think she would be grateful enough to you for allowing her to get into your home without all the red tape! If you can afford to take less the drop it a little more but I wouldn't worry to much, even sons and daughters have to make their living. I wouldn't be upset with my child if they did the same. I have to agree whole heartedly with chris brown 222, that is a very wise choice !!!!! listen to wisdom like that!!!!!
2006-09-09 09:13:11 · answer #4 · answered by Nikie 3 · 0⤊ 0⤋
Did she charge you rent for the 15 or 18 years you lived with her?
2006-09-09 09:04:03 · answer #5 · answered by spacecowboytim 2 · 1⤊ 1⤋
Yes it is fair to her. But is it to you? you are loosing money.I paid my daughter rent when I lived with her, when she was in the army and babysat for free. I thought it was fair enough.We had a lovely place to live.Sounds like your mom has an expensive place to live. Does she really need that much?Do you feel this is a safer place than an apartment?
2006-09-09 09:06:31 · answer #6 · answered by nancy e 4 · 1⤊ 0⤋
Did you had to pay rent when you where living with her? If not then i dont think you should be doing that. And even if you did, that is the woman who brought you into this world, why dont you buy her a house that isnt that expensive.
2006-09-09 09:47:46 · answer #7 · answered by baby_luv 5 · 0⤊ 0⤋
She can find a place cheaper to rent, like a place that rents to seniors, That amount you want is a little steep for your own Mom! I suggest you rent it to someone else, then there are no hard feelings!
2006-09-09 09:03:23 · answer #8 · answered by Gerry 7 · 0⤊ 1⤋
If she can afford it then no it's just fine. Now if she can't make the payments but needs somewhere desperately to live then you ought to help her out if you can! Also is the house paid for or do you still owe on it. That would be the question. If you can't afford to make the payment yourself then you would have to charge something!
2006-09-09 09:00:55 · answer #9 · answered by concerned 2 · 0⤊ 1⤋
SHE'S YOUR MOTHER! she had you in her for 9 months! she took care of you 24/7 since you were born! Did she charge you? Think about these things and tell me if you think it is fair.
2006-09-09 09:00:54 · answer #10 · answered by n98paul 1 · 2⤊ 0⤋
your mom didn't charge you rent for the first 18 years of your life did she?
2006-09-09 09:00:28 · answer #11 · answered by Ryt d 2 · 2⤊ 0⤋