Post # 1
My sister E’s current lease was supposed to end April 2012. E was going to live with her BF, and her roommate, N was going to come stay with us in our spare room until sept. 2012 when her school program is over and she would be relocated to a different city.
Last night, their place got broken into. So E grabbed her stuff and went to BF’s, while we packed up N and brought her here.
E is going to try and break the lease today on ground of insecurity. She will live with BF if they let her, and even if they don’t N refuses to go back.
So here is where it gets tricky.
N was originally going to move in here April 2012, right after baby Barista is born. The plan was for her to pay low rent, and just help with baby and babysit ffor a couple hours when I went back to work if DH wasn’t home yet.
So now, she will be here jus shy of a year. Baby Barista isn’t here, so we don’t need much help with that right now.
We just moved into this house a couple weeks ago. Mortgage is $740 (with taxes).
For those of you with rental experience, what would you think we should ask her to pay for rent?
I believe at her old place her half was $280. Should we keep it that same? Or lower it to $200? Or should we ask for a little more?
DH and I aren’t hurting for money, so this would basically save for my maternity leave and any house emergency’s like if the water heater went out.
Post # 3
@His Barista: Had you agreed upon a rent for her to pay when she was planning on moving in in April? Or were you going to let her live rent free in exchange for help around the house/babysitting?
What will her accommodations at your place be like? (i.e. do you have a fully “apartment” for her, or just a bedroom with shared common areas)
Are you expecting her to cook for herself and be completely independent? Or be a bit of a part of your family (having meals with you etc).
Basically the more you provide her, the more you should ask. But the smaller the space and the more you ask her to provide you the less you should ask.
Post # 4
@KatNYC2011: We hadn’t agreed on anything. DH and I had thought about $150 when she was originally going to come in April since she would be helping out with the baby. She has a bedroom to herself, but shared common areas. She would be included in our meals and other activities. She wouldn’t be completely independent from us.
I just want to make sure she is not getting screwed and that we give her a fair deal (especially considering how much of her stuff she needs to replace). = )
Post # 5
@His Barista: this is off topic but WOW your mortgage/their rent is so cheap! I am so jealous!!
Post # 6
@PitBulLover: We were shocked, too! It’s only $60 more for the mortgage than our rent was! = ) We are really lucky!
Post # 7
I think that it would be fair to charge her what she was paying at her old apartment. You could explain to her that once baby Barista is born, you will lower rent in return for help with babysitting, etc. but until then, she will need to pay $280. She had already planned on having to pay that until April, so regardless of the change in location, she should still be able to afford the $280.
I wouldn’t lower it because a) she already planned on spending that much because she was going to stay in her old apartment, and b) it is somewhat of an inconvenience for you guys to have a guest for a whole year when it was supposed to only be 5 months. I also wouldn’t raise it though.. I understand that your mortgage is $740 so you’d like her to pay a fair fraction, but you have to think, if she weren’t living there you’d still have to pay the $740 a month regardless. Another thing to consider would be asking her to give you a set amount for food as well, because feeding an extra mouth for a year will add up very quickly!
PS I think it is very kind of you to let someone into your house for a whole year! I know that my husband and I are still newlyweds and are enjoying that life.. not sure I would be as generous as to let someone impose on that for so long! =]
Post # 8
@LoveMySailor1018: Thanks! We aren’t really concerned about a fair fraction. Like I said. Most of it will go to savings, so we want to make it more fair for her. She’s really good about buying her own food if she wants something other than what we have. And she’s really quiet. Thanks for the perspective!
Post # 9
I wouldn’t ask her to pay quite what she was paying in her own apartment, since she won’t have an entirely independent living space. That said, I think $200 or so would be completely fair. I’m sure if you talk to her about it, you can come with something together that will be fair to everyone.
Post # 10
I would probably lower it. You aren’t hurting for money and I think $200 is fair. It would also be nice for her to pay less.
Post # 11
First off, is N your sister? I get that E is your sister from the OP but I seem to have missed how N is related to you. If she is your sister, I would not charge her more than $200 as you mentioned she has a lot of stuff to replace and will be helping you with baby soon. I think $200 would be a fair number to start with and unless she is taking on a lot of babysitting hours, leave for the whole year. It is less than 1/3 of your mortgage and I see that you could explain to her that instead of asking her for more now and less later you would like to set one number in order to help her have some spare cash now. If she can’t get out of her current lease you’ll have a whole different situation.
Second, have you considered utilities? Other household goods? This month I got into a simuilar situation by renting the second bedroom to a guy I know (not a relative or close friend but we took a course together). I came up with a number based on rent but didn’t consider electricity or heat or anything like that. Now, I realize things like heat will cost more as well as I feel obligated to continue buying household goods like toilet paper and paper towels because it’s my apartment. I am not saying you should not cover the costs of these things but more that you should anticipate increased consumption before charging her too low of a price.