| Don't do it. Just rent out the apt at fmv and pay a babysitter separately. If you were really going to save all that much doing it the way you proposed, the numbers don't add up and it wouldn't be fair pay to the babysitter. |
| You could try a live in nanny or au pair and H’s r them live in the basement apartment. I would prioritize finding someone with references and a background in childcare instead of the other way around. Or offset hiring a part-time babysitter with the income from the apartment. |
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| It's called marriage. |
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Nanny here: How much childcare are you expecting for a $600 reduction on rent and are you paying for all the utilities? You don’t get a discount for a live in nanny, because most Nannie’s don’t want to live with their boss. Let’s say you pay $20/hr (which is super low and not realistic). You would get 30 hours per month of childcare.
Most Nannie’s would want $25/he minimum, so you’re looking at 24hours per month of childcare. You also need to keep in mind this person will need to have another job or be in school, so it would have to be a set schedule and not just babysitting at your whim. |
Where in California??? I’m in LA and don’t get out of bed for less than $40/hr. Maybe in Fresno you can pay $20/hr but I haven’t been paid that low since 2005. |
So then rent your apt and hire a babysitter. Nannies are a luxury and you can’t afford one. |
This is what you should do. If that gives you $600/month extra to pay a babysitter, awesome, that's way more than I have for a babysitting budget! |
| Nope |
| Just pay a babysitter |