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Random guy living in house rent free.?

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Submitted : 2018-06-15 01:47:07    Popularity:     

Tags: living  guy  Random  free  rent  

Me and my brother own a house together and we rent it out. We currently are looking for a new family to rent it out but my brother has a so called good friend he only met about 6 months ago. The guy has an autistic son. My brother wants to let the guy liv

Answers:

"You are taking advantage of me, your brother, by choosing to permit this person to live in our shared investment property rent free. I need the return on this investment and if you want to provide the space without collecting rent, you need to buy me out."

I would never have let him move in...

He'll never get his crap together if he gets a free ride.

Tell your brother that he is welcome to charge nothing for his half of the rent but you are insisting upon getting your half. Work out what the place is worth as a rental. For example, if it would rent for $2,000 per month, you want your $1,000 and the renter has to pay first & last month's rent up front, as well as a $2,000 deposit. I also suggest that he gets his $1,000 and puts it into an account for his children's education. If he has no kids now, he may down the road. If he never intends to have any, after a year, he can donate his $12,000. That would be helping people. I recommend an animal charity. Allowing anyone to live in there for free is STUPID, STUPID, STUPID, for all of the reasons you suggested and more.

Who is paying the mortgage while the guy lives there for free?

Tell your brother that this house is an investment and you can't afford to be losing money on it. If he wants this guy to live there for free, then your brother is going to have to pay you half of what the income would have been if you rented it out.

If the guy does end up living there, I strongly recommend that you have a lease, even month to month, written up. Figure out the deal you want and put it in writing for him to sign. Something to the extent of what he owes even if that is just utilities. Lay out what the rent should be and then put down that you are forgiving that rent for 6 number of months. I would absolutely require a deposit to cover damages and/or cleaning. If he violates any terms of the lease then he owes for the all past months and must pay within 60 days. At the end of the 6 months he needs to given written notice he is leaving or he is a month to month tenant at the stated monthly rent due (no longer forgiven.) When he moves out he is responsible for all damages and cleaning just like a normal tenant.

That does not sound like a good idea for your brother and you -- rent free while someone's getting their act together means the guy's coasting again on someone else's dime.

Don't do it.

You will NEVER get him out. That is rent gone for the next 5 years. Stand up for yourself.

Tell him that by law, both owners must agree. If only one of you wants to sell and the other doesn't, the one who wants to sell can file a partition lawsuit to force a sale. No such provision exists to go to court to force the unwilling partner to accept any tenant.

Stand firm. You're asking for nothing but trouble on this deal.

That sounds incredibly risky. What if he never gets his crap together? How long can you afford to let him live there for free/?

Whatever you do - get it in writing. If he's living there for say 4 months - get this in writing, with exactly what he will / won't do (for example pay rent, buy his own food, contribute to the household cleaning etc)

Tell him no one lives rent free, everyone must pay their way and that you are not a charity. You are an adult and just because he's a decade older, doesn't mean you can't speak your mind. You really must stand your ground here, he has no right to do what he did when you are in joint partnership of an investment property.



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