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Sibling A and their family own a beach adjacent property that they rent out. It normally rents for $800-$1200 per night.
Sibling B is interested in staying at the property with their children and grandchildren. If you were Sibling A would you ask Sibling B to rent the property at full price, a reduced rate, or waive the cost of the rental? |
| I’d never charge my sibling. |
| If it was in the off season and it wouldn’t be rented out anyway, I would let them stay for free. If I relied on the income during high season, then I would charge them full price or tell them it’s fully booked. |
That's an incredibly expensive gift. To ask someone to give up thousands of dollars of income that someone counts on isn't any different than asking for a gift that costs thousands of dollars. |
| If I could afford it, I wouldn’t charge them. If I couldn’t afford it, at cost (the mortgage). |
| Off-season my uncle doesn’t charge us to use his beach house. In season he charges us less than the advertised rate, but we try to avoid staying during peek. |
| Hopefully I would be able to give it to them free or reduced. |
| I’d never charge a sibling. They would had to schedule around the rental weeks. |
| I would charge at least something to prevent my sibling from abusing the privilege. If it were off-season, I'd charge a nominal amount to cover utilities and cleaning fees. In-season I'd give about a 20% discount. This is coming from the perspective of someone who is not wealthy and who has siblings who tend to take advantage financially. |
Something like that, yes. They would not get priority in the high season, but would be able to go for free at other times. |
| Off season, if no one is using it, free but pay cleaning costs. In season, discounted rate and/or ask them to go on a date its not used. |
Oh wait, if you are Sibling A, you should offer full price. You should not ask to reduce the rate or waive it. But, sibling B should be decent and let you use it if its off season/not rented but you should pay cleaning and other costs. |
| Do you need the money? Do you pay a mortgage on the property? We own our summer house and don’t rent it out. All friends snd family stay free. A week in summer costs $12,000. |
| I’m PP. I just realized the OP is asking their sibling to use their house. Has the sibling offered it out before? I hate when people ask to use our house without being invited to use it. |
This is the right answer. |