What would be a reasonable price to charge my dad for rent?

SAWYER

Lifer
Apr 27, 2000
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Some may remember he and his room mate were evicted, my wife offered to rent him a room. I told him about it today and he told me to let him know a price, what would be reasonable in your opinion. At his apartment he was paying 500/month plus utilities. Here his room price would include utilities and internet.
 

deadlyapp

Diamond Member
Apr 25, 2004
6,634
724
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He probably wouldn't appreciate a handout if you try to give him a lower rent because hes family. But if it makes you feel better you could try.

I'd offer him about the same price. Maybe with utilities already included in the 500 price.
 
Aug 8, 2010
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Some may remember he and his room mate were evicted, my wife offered to rent him a room. I told him about it today and he told me to let him know a price, what would be reasonable in your opinion. At his apartment he was paying 500/month plus utilities. Here his room price would include utilities and internet.

What's his financial situation?
 

Bignate603

Lifer
Sep 5, 2000
13,897
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0
I'd give it to him for less, maybe 300 or 400 at the most. If he balks about it offer to give him "chores" to make up for it. Having somebody to help with yard work and do small odd jobs is worth something.
 

SKORPI0

Lifer
Jan 18, 2000
18,461
2,390
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Three Fifty..... :awe:

You're letting your Dad pay rent? Just let him & room mate do odds and ends chores, put aside the money he "pays" you for any future needs. :hmm:
 

SAWYER

Lifer
Apr 27, 2000
16,742
42
91
Yeah I would. I am not loaded and I work my ass off, he has no bills but rent, and he charged me rent when I was 18-19 and living at his house.
 

marvdmartian

Diamond Member
Apr 12, 2002
5,439
23
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Just your dad, and not his old room mate? $250, max, with no utilities extra.

That way, he feels like he's paying something (and it's about half what he paid before, with 2 people), so he won't think of it as a handout. Otherwise, if it's with the roommate, then make it $50 more.

Let's face it, it's your DAD. If he balks, it's either because he thinks it's too low (which then you can tell him that he can do a chore or two to make up for it), or it's too high (which then you tell him he can work some off doing a chore or two). Get him moved in, and when he asks what the chores are, tell him it includes relaxing, enjoying the company/grandkids (if he has any?). :biggrin:
 
Aug 8, 2010
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Yeah I would. I am not loaded and I work my ass off, he has no bills but rent, and he charged me rent when I was 18-19 and living at his house.

What about when you were 0 - 18?

Ask him to contribute what he thinks is appropriate to cover utilities and incidentals and to help around the house.
 

lxskllr

No Lifer
Nov 30, 2004
58,425
8,714
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Yeah I would. I am not loaded and I work my ass off, he has no bills but rent, and he charged me rent when I was 18-19 and living at his house.

Charge him the same rent he charged you, adjusted for inflation.
 

holden j caufield

Diamond Member
Dec 30, 1999
6,324
10
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free, I know it sucks but I can't imagine charging family in need for this. But that's just me. That or 1 million dollars and give him the austin powers dr. evil pose.
 

lxskllr

No Lifer
Nov 30, 2004
58,425
8,714
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. . . but then give him the first 17 years free.

Yea, I don't really like the idea of charging a parent rent, but without knowing the OPs specific situation, it could make sense. There's a lot of reasons charging some kind of rent would be appropriate.
 

guyver01

Lifer
Sep 25, 2000
22,135
5
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Lets see... its your dad.

Assuming you stayed at home from birth thru 15...

i'd say give him 15 years of rent free living... he did for you.
 

Sluggo

Lifer
Jun 12, 2000
15,488
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Don't forget to stress to him, "as long as you live under my roof, you live by my rules."