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So, my living situation is getting irritating.
For the last nine months I've been renting a room in a house with a very nice family.
About a month ago, the landlords let me know that they were going to be relocating to Chicago. They didn't plan on kicking anyone out and wanted to know if I'd be interested in staying on and renting out the house-rooms. In exchange, I'd get free rent and my pick of the rooms.
I said I'd be interested.
Fast forward to last week.
The Other Renter approached the landlords with an offer to rent the whole house for himself, his girlfriend and their kids. I heard this and my immediate response was, "Oh hell to the no. Time to start looking for somewhere new to live."
So, I'm making contingencies.
Then I learn that Other Renter and his girlfriend can't afford to rent the whole house. So, this was a tentative 'Yay!' moment for me.
So, we're sort of back where we were at the beginning. Only I had a sit down with the landlords to hash out some details and they are completely unprepared. They can't give me any numbers. And then they start talking about making 8 to $900 in profit from the room rentals after expenses?!? And they want renters to pay utilities too?!?
They are, I believe, seriously deranged at this point.
Which is why I'm considering buying a condo and just getting the hell out of this mess.
Which would be sad because it's a nice house, in a nice location and renting rooms out would be a breeze. But who's going to want to pay $500 a month to rent a room? At that price, you might as well get a house.
I don't know.
The more I think about it, the more I think they should just rent out the house through a local rental company and we all just walk away from it.
Seriously.
For the last nine months I've been renting a room in a house with a very nice family.
About a month ago, the landlords let me know that they were going to be relocating to Chicago. They didn't plan on kicking anyone out and wanted to know if I'd be interested in staying on and renting out the house-rooms. In exchange, I'd get free rent and my pick of the rooms.
I said I'd be interested.
Fast forward to last week.
The Other Renter approached the landlords with an offer to rent the whole house for himself, his girlfriend and their kids. I heard this and my immediate response was, "Oh hell to the no. Time to start looking for somewhere new to live."
So, I'm making contingencies.
Then I learn that Other Renter and his girlfriend can't afford to rent the whole house. So, this was a tentative 'Yay!' moment for me.
So, we're sort of back where we were at the beginning. Only I had a sit down with the landlords to hash out some details and they are completely unprepared. They can't give me any numbers. And then they start talking about making 8 to $900 in profit from the room rentals after expenses?!? And they want renters to pay utilities too?!?
They are, I believe, seriously deranged at this point.
Which is why I'm considering buying a condo and just getting the hell out of this mess.
Which would be sad because it's a nice house, in a nice location and renting rooms out would be a breeze. But who's going to want to pay $500 a month to rent a room? At that price, you might as well get a house.
I don't know.
The more I think about it, the more I think they should just rent out the house through a local rental company and we all just walk away from it.
Seriously.
