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Thread: How much rent should we charge?

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  1. #1
    First thing I would consider is what would be fair to what he can afford to pay you guys. If hes completly down on his luck right now, then helping him along for free is the nice thing to do, until he gets a job.

    If hes able to afford to chip in, what I would consider would be the costs above what you're paying now. So, figure out what you guys have to spend on things like water and hydro, food, etc. -- and then anything that goes above that, he could cover.

    So, for example, if you spend $100 on hydro in a month, and he moves in and suddenly hydro goes up $50, then having him cover the $50 might be fair. Same with food, gas if you have to drive him around, other expenses in running the household, etc.

    I think setting out the ground rules now is important though, before he moves in. Like "We understand that you're not working right now, you're my bro and I want to help you out. Heres what you can do around here to help out with the household while your looking for work (chores, housework, yardwork, etc.)Once you get a job, we expect $_____ to cover the costs of ______, ______, etc."


  2. #2
    Join Date
    Aug 2005
    Location
    Colorado
    Posts
    4,243
    Quote Originally Posted by Scooter's Mom
    The house/apt is already where you live, you're not moving to a new place to accomodate your brother... right?

    I don't know what your rent is, but that seems like you would be taking advantage of someone who is down on their luck. I don't see how 1/3 is fair, but that's just me. I've had family stay with me, and never charged anything except their long distance charges. I stayed with my brother after my divorce and thankfully he never charged me 1/2 of his rent, I couldn't have paid it.

    Maybe $200 and have him help with groceries?

    Crystal
    Just to get one thing clear, my brother is not "down on his luck." Right now he has a full time job whre he lives, and he simply wants to move to Denver, so we are going to let him live with us to make it easier. I don't think 1/3 of everything is quite right, but I think he needs to help with utilities (the ones that will rise, like water and electric) and rent when he gets a job.

  3. #3
    Join Date
    Sep 2002
    Location
    Cincinnati, Ohio USA
    Posts
    11,467
    LOL. If he is moving from Cincinnati to Denver, I would say his luck is on the upswing!

  4. #4
    Join Date
    Jun 2002
    Location
    Tucson, Az
    Posts
    9,428
    I think once he gets a job you guys need to figure out how much of his paycheck he needs to save to get a new place (its often expensive since many places want a huge deposit or first and last months rent, plus often utility companies want a deposit for new customers). Then figure out how much you need from him to help you out, if you charge too much it might be harder for him to save up so he can move out. But at the same time he does need to help you out financially since I'm assuming you aren't rich and the extra cost of a third person living there might hurt you a little.
    I've been Defrosted!

    Thanks for the great signature Kay!

  5. #5
    Join Date
    Oct 2006
    Location
    Australia
    Posts
    8,166
    Quote Originally Posted by Pembroke_Corgi
    Just to get one thing clear, my brother is not "down on his luck." Right now he has a full time job whre he lives, and he simply wants to move to Denver, so we are going to let him live with us to make it easier. I don't think 1/3 of everything is quite right, but I think he needs to help with utilities (the ones that will rise, like water and electric) and rent when he gets a job.
    Fair enough PC. But just make his share an amount that you are quite happy with, and not feeling as tho you are being ripped off.
    Good luck with that.
    Wom

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