06-16-2011, 04:58 PM | #1 |
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what would you charge your brother for rent?
Early 2010 I moved out and got my own place. It is a 3 bedroom townhouse. My parents sold their house to move to another home they owned and my brother wanted to stay in the area so he is living with me. I have the master and he basically has the two other rooms. I been charging a flat $500, nothing additional for utilities, etc since he is family and allow him to save more towards school. My parents offered to pay for his remaining school (not much left) but he wants to pay the remainder for whatever reason. Well its been over a year, I know he has tons of money saved but there no hint of him planning to go back to school. I am paying a little over 2K for mortgage and utilities. My June amount came out to 2,059.93. I figure a 1/3 split would be fair for whatever the month amount came out to. So for example June it would be 686.65 for his share. I would give him couple months notice before bumping it up. Do you think that is fair amount especially for family? In the area we live he probably would be looking easily at 900+ to rent a 1 bedroom somewhere.
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06-16-2011, 05:07 PM | #3 |
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I take it he is normal, like not retarded or handicapped? If he is normal AND has money, $700 and don't even think about it too much.
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06-16-2011, 05:14 PM | #4 |
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If he uses same amount of utilities as you do, then i think he should pay 1/3.
If hes at home all day burning lights and A/C, then he needs to cover 3/4 of utilities plus rent per room. But the extra room that he is using, he should pay extra for it.
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06-16-2011, 05:32 PM | #7 |
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If I was in your situatuion I would do half. The amount of rooms he gets is irrelevant, the fact that he uses bathrooms, kitchen, laundry room, garage and most likely driveway should be enough to cost half. If he was in a bad situation like single parent, no job because of economy or huge hospital bills then I wouldn't charge him anything.
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06-16-2011, 07:02 PM | #8 |
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What I would do?
If it was my brother, I would try to motivate him to finish school and make something of himself. I'd tell him he can keep paying the $500 a month (seems like you not charging him another $150/month isn't gonna be a game changer for yourself) IF he goes back to school. If he chooses not to, I'd tell him he's gotta pay half the mortgage and utilities. |
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06-16-2011, 08:06 PM | #10 |
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500 is good enough. You're the owner, so you benefit on taxes at the end of the year anyways. Just imagine if he wasn't living there, you would be working out that extra money anyways. I would just have him pay 500 and clean.
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06-16-2011, 08:12 PM | #11 | |
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If he has a job, etc. nothing unusual going on charge him at least half. Motivate him to move on/out. Unless you just want to live with your brother. |
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06-16-2011, 08:43 PM | #12 |
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Yeah, the rent I would charge my brother would depend on his ability to pay with a cap at 1/2 monthly expenses. However, since you already set the price at $500 a month, I would probably just stick with it.
As other people said though, I think you should sit down with your brother and talk to him about his plans. What he intends to do about school and such. The emphasis being on getting him to get his degree. Consider telling him that the $500 rate was based on his being a poor student. That if he isn't going back to school and is working full time he should be paying half. This will add incentive to his finishing school.
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06-17-2011, 08:52 AM | #13 |
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on a serious note, you're a heartless cheese dick if you're charging your brother rent.
the LEAST he could do is pay for groceries, which would be @ $300 a month - if that. |
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06-17-2011, 09:02 AM | #14 | |
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People who learn to be dependent on others, never learn to successfully live on their own. Why should his brother get to put away money while he pays all the bills? If he stays there rent free, why would he ever leave? Just enabling his brother to not do anything because he has a cheap place to live. Seriously Litos, sometimes I wonder where you come from with some of these comments. OP raise the rent on your brother. If he can't afford $175 a week then he should go back to living with your parents. Love your brother, help your brother, protect your brother. But in no way should you be funding his existence.
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06-17-2011, 09:20 AM | #15 | |
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Everyone expects a free ride, huh. My friend is living with his brother as well, but hes a broke dumbass. He works full-time at a call center in NYC making 32k. His brother is a few years older but doesnt charge him at all. I dont get it. The point im trying to make is that it depends on A) Your relationship with your brother. B) His current financial state. C) YOUR current financial state. I say tell him money is tighter blah blah and give him a heads up and increase the rent. He'll understand if he has half a brain.
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06-17-2011, 09:40 AM | #16 |
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looks like the OP is living beyond his means if he can't afford a $2000 mortgage.
at some point the OP thought it was a good idea to allow his brother to stay there for $500. what is going to do now - kick his brother out !?!? good luck with that - it would put OP in more of a bind. |
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06-17-2011, 10:25 AM | #17 |
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Actually, yes, that is what he should do if the brother does not wanna pay anything more in rent. Obviously it would be in a nice way where he would help out his bro find another place to live before fully making him leave.
OP: Your brother has probably realized how easy it is to save money when paying very little for rent and this has definitely lessened his motivation to go back to school. In order to get him back on the path, you will have to make the hard choice of forcing him to pay more for rent. Have him agree to paying half (or atleast close to half) until he starts going back to school. |
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06-17-2011, 10:47 AM | #18 | |
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Hey All,
Thanks for the feedback. Believe me I have tried speaking to him very about finishing up school and usually just gets pissy about it. I do know some people who have had successful careers without a degree but it also shuts many doors for you. For example my company will not hire anyone without a degree. He seems committed to buying his own place right now and not going to school. He says he has about 60k saved up. One thing I have noticed is yes people can be nudged or motivated but at the end of the day the person needs to want it for him self to be successful. Quote:
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06-17-2011, 10:50 AM | #19 | |
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yes, nowhere in his post does it say that, but he wouldn't have asked if he was comfortable making those payments. if he takes away his brother's $500, he's just digging himself deeper in financial ruin.... |
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06-17-2011, 12:58 PM | #20 |
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My brother currently stays with me and my wife right now and he's got 3 bedrooms to use. He has been staying for over a year now because of problems with the wife. There's not one day that I thought to myself where I need to start making him pay for rent. Im not saying OP is doing something wrong but some people are different and see things differently. As long as he's not bringing drugs into the house, he could do what he wants. We always go out on long trips so at least I know someone is taking care of the house.
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06-17-2011, 01:25 PM | #21 | |
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