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 08:58:42 · 9 answers · asked by foxyraley 2 in Family & Relationships ➔ Other - Family & Relationships
thats kinda difficult...
i would ask her to help out, but i would NEVER charge my mother.
She has given me too much in life.
2006-09-09 09:11:18 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I don't believe in making loans to family or friends. It only causes resentment and problems. If I'm going to give family money, it's a gift I don't expect back. If I get some or all of it back, but if not, I wasn't counting on it, so it's no sweat to me. I guess I feel the same about renting a house to family. It's probably fair to ask her to help you out in return, or to ask her to pay the taxes on it for you, but I wouldn't charge her rent. If you've rented the property in the past or if you have other rental property, you might be able to use it as a tax deduction. I have a friend whose father-in-law not only makes him make payments on his wife's car and the money he lent him to bail out his daughter, but also charges him compounded interest. That's definately wrong in my opinion. Might as well go to the bank for that.
2006-09-10 00:27:17 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Making your mom pay rent?!? Why?!??!?! After all those years her giving you a place to live for free and putting food in your mouth and doing your laundry for free??? Geeze I couldn't do that to my mother taking care of me all those years and feeding me that's low I don't think it's right to do that she didn't charge you rent.......
2006-09-09 16:23:59 · answer #3 · answered by blondeqtwitanicebooty 3 · 0⤊ 0⤋
no did she charge u rent when u was growing up , besides if u let her live there u can write it off on your taxes a lot more money u will save
2006-09-09 16:34:32 · answer #4 · answered by sadley696969 2 · 0⤊ 0⤋
Yes, its fair if she can afford it. I do the same thing but my mother is touche' about calling it rent, so we refer to it as room and board.
2006-09-09 16:02:31 · answer #5 · answered by tootsie 5 · 0⤊ 0⤋
after giving birth to you and nurturing you for all of those ears and paying for your dances and hlping you buy some clothes and driving you everywhere and making you food and being there for you to talk to and putting up with you when you were a brat???
nuh-uh.
2006-09-09 16:02:48 · answer #6 · answered by elemenopee. 4 · 1⤊ 0⤋
well I wouldn't even think about charging my mom.But then again I lost my mom 5 years ago.let you conscience be your guide. Good luck with that.
2006-09-09 16:11:29 · answer #7 · answered by oceanwvs2000 4 · 0⤊ 0⤋
yes because you have property taxes that you have to pay for. You don't want her to get to comfortable with not paying for nothing.
2006-09-09 16:03:14 · answer #8 · answered by tooshort4u 2 · 0⤊ 0⤋
no, that is terrible. take care of her, don't try to make money
2006-09-09 16:13:07 · answer #9 · answered by sbarne8 2 · 0⤊ 0⤋