how much rent should i charge?

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jlee

Lifer
Sep 12, 2001
48,518
223
106
Originally posted by: her209
Originally posted by: Brainonska511
That's dumb - he's also going to be using other stuff, like common space such as the kitchen or den.
They'll most like share dishes, food, etc.

Yeah, but you still have another person in the house.
 

her209

No Lifer
Oct 11, 2000
56,336
11
0
Originally posted by: Jeff7181
Originally posted by: her209
Originally posted by: Brainonska511
That's dumb - he's also going to be using other stuff, like common space such as the kitchen or den.
They'll most like share dishes, food, etc.
And toilet paper. Ugh... that was the worst part I remember about having a room mate. I think he used an entire roll every time he took a dump. Better than having him smell like poo from not wiping thoroughly, but damn. I think we went through a dozen rolls every week between the two of us, with him using 8-9 of the rolls.
They have their own bathroom so that's between the two of them.
 

spp

Golden Member
Jul 9, 2001
1,513
0
76
Originally posted by: her209
Originally posted by: Jeff7181
Originally posted by: her209
Originally posted by: Brainonska511
That's dumb - he's also going to be using other stuff, like common space such as the kitchen or den.
They'll most like share dishes, food, etc.
And toilet paper. Ugh... that was the worst part I remember about having a room mate. I think he used an entire roll every time he took a dump. Better than having him smell like poo from not wiping thoroughly, but damn. I think we went through a dozen rolls every week between the two of us, with him using 8-9 of the rolls.
They have their own bathroom so that's between the two of them.

well, if he's confined in the room 100% then i agree with this. however i currently let her use all the common area (living room, kitchen, my projector, the study room), and he will probably take up more space in the garage too.
 

SirChadwick

Diamond Member
Jul 27, 2001
4,595
1
81
My roomy in college had his g/f of 3 months move in w/ us. We were very good friends and I actually liked his g/f so I didn't ask any more for rent. It was still 50/50 on bills and such.

But where you run into problems is
- electric bill goes up b/c he will leave the A/C on cool all day when he's at home on his ass, not to mention other utilities
- you'll be lucky if he ever washes the dishes, but he'll be the first one to call you out for being lazy or disgusting
- you get the privilege of hearing the bed knock against the wall when you're trying to sleep
- your groceries will get eaten, this i promise you (and your roomy and his g/f will defend each other ... yeah it was a ghost)
- etc. etc.

Anyway, I think you should split it 60/40 like Jeff posted. You pay for 40% of the rent and utilities and that should cover the extra trouble.

The day my good friend's g/f saw dirty dishes in the sink and told me to wash them I snapped and told her to start paying bills before she opens her little trap. It got nasty for a few weeks...

Lesson learned.

PS, make sure he has good credit history and such. Don't be a fool and pay the bills, then have your roommate and her b/f cut you a check to cover it. I tried that route and I was lucky to get it in time to cover the due dates. It was a royal pain in the ass to have to keep asking for money b/c I fronted them most of the time.

 

Rumpltzer

Diamond Member
Jun 7, 2003
4,815
33
91
Originally posted by: her209
Originally posted by: spp
Originally posted by: her209
WTF? Since they are sharing a room, the both of them should pay $650. Utilities, trash, etc. on the other hand should be evenly split.
so u suggest no rent increase?
Yeah. Its not like he's taking up any more room.
Yeah, I can see it that way sort of. Like, if you think about a landlord that rents out a place (and doesn't live with the tennant). Do you charge more if 2 people live in the place instead of just 1? No, right?

The thing is, though, spp is living in this place and they are taking up more of the common living space (living room, kitchen, driveway(?)).

Tacking on another 20 to 30% would be very reasonable in my eyes. Tacking on the 50% that I had suggested might get people stirred up.
 

KentState

Diamond Member
Oct 19, 2001
8,397
393
126
I would up the rent since you can't trade favors anymore for free rent. Well, unless you like threesomes, then it might be worth it.
 

dullard

Elite Member
May 21, 2001
25,918
4,508
126
You've left out a lot of details, but I'm thinking write up thier lease like this: $650 for one person in one bedroom or $800-$850 for two people in one bedroom. You have to charge more per person, otherwise soon you'll have 3, 4, 5 people living there. Everyone will want to be a freeloader. But, since the additional person isn't taking up a whole new room, the second person shouldn't be the same price as the first person.

You don't want to charge so much more that you lose both. But, you don't want to charge too little since it will be a headache for you and you will have additional utility expenses. What would it cost them if they move out and get a place of their own? If they can get a place of their own for ~$900, I can't see any reason that they'd pay you more than $800. But if they can only get a place of their own if they pay $1000+, then they will gladly pay you $850.

Don't write it up in a way that her rent drops. For example, don't give them both $400/month rents. Why? Because then he'll move out and she now only pays you $400 instead of $650. Also, don't write him a lease for $200, since then she'll move out and you only get $200 instead of $650. You have to have it done in a way like I said above, $650 for one and $800-$850 for two.

I'd keep the utilities included. I see no reason to change that part of her deal. You know for a fact that they are being paid on time every month. Finally, you don't have to do the math and beg them for their part every month.
 

Balt

Lifer
Mar 12, 2000
12,673
482
126
Others have probably already said this but:

1/3 each on utilities. They will be sharing a room, but an extra person still means more use of the washer/dryer, shower (w/ hot water), fridge, freezer, and dishwasher.

As for extra rent, I'd bump that up a bit too but certainly not double it. An extra person around means extra headaches, more wear and tear on floors, carpets, furniture, etc.
 

swbsam

Platinum Member
Dec 29, 2007
2,122
0
0
well, i was on the opposite end of this - my then fiance moved in while I had two roomates. I was the only person on the lease.

I split the utils by 4 and then deducted $100 from each of my roommates rent. This was discussed and I offered to negotiate, but they were fine with saving $100 a month on rent and the utility savings. Eventually, one roommate moved out so we paid her share while the other's rent remained the same (we didn't want to find a roommate since we were getting married in a few months).
 

3chordcharlie

Diamond Member
Mar 30, 2004
9,859
1
81
Originally posted by: TridenT
Originally posted by: spp
Originally posted by: her209
WTF? Since they are sharing a room, the both of them should pay $650. Utilities, trash, etc. on the other hand should be evenly split.

so u suggest no rent increase?

That's stupid. Rent increase is a definite. The utilities will go up, and you will have to deal with an extra person in the place. It's annoying to deal with an extra person.

Just had to deal with this too - I let my tenant off with an increase in his share of the utilities for his gf.

I would never have done that if it wasn't a close friend though; rent should have gone up 30-50%. The only plus for me is the original tenant is 100% responsible to me for the money, so I don't have to chase the new tenant for anything.
 

swbsam

Platinum Member
Dec 29, 2007
2,122
0
0
DUDE, charge something. There will be drama. There will be a couple snuggling on your couch when you want to watch TV. There will be romantic dinners or fights .. or having to help your roommate find their alcoholic girlfriend..

Even if they're completely awesome, their will be the extra body that will be there.
 

mugs

Lifer
Apr 29, 2003
48,920
46
91
Originally posted by: joshsquall
x = (total square footage - square footage of your private areas)/(total square footage);
theirPayment = x * (total mortgage or rent payment);
theirPayment += (total utilities * (2/3));

Then they'd be paying for the common areas entirely.

x = (area of their private rooms + ( 2/3 * area of common rooms)) / area of apartment

or 60/40 is probably a good split
 

mchammer187

Diamond Member
Nov 26, 2000
9,114
0
76
take the total rent everyone pays divide by 2

and then split it among each roomate including the BF

4K a month 4 roomates +1

BF pays 2K / 5 = 400 a month

she pays 900 BF pays 400 , you and 2 other roomates pay 900



calculated like this half the rent goes to bedrooms half goes to everything else

you split the everything else with the extra person

 

AstroManLuca

Lifer
Jun 24, 2004
15,628
5
81
Originally posted by: mugs
Originally posted by: joshsquall
x = (total square footage - square footage of your private areas)/(total square footage);
theirPayment = x * (total mortgage or rent payment);
theirPayment += (total utilities * (2/3));

Then they'd be paying for the common areas entirely.

x = (area of their private rooms + ( 2/3 * area of common rooms)) / area of apartment

or 60/40 is probably a good split

Good point. Also, 60/40 would be a combined $780/mo for the two of them.

$650 = 50% so 100% = $1300
60% of $1300 = $780

The highest you could fairly charge IMO would be 66%, or $866 (combined).
 

WA261

Diamond Member
Aug 28, 2001
4,631
0
0
I would not let it happen. Guarantee you will be back here in a few months asking how to get out of your rental agreement.
 

Eos

Diamond Member
Jun 14, 2000
3,463
17
81
There are very few roommate situations that work out. *shudder*