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Relationship Discussion (non-explicit)
Reply to "Husband wants to dictate what happens with property I’m set to inherit"
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[quote=Anonymous]We have a property that is a lot like this, has been in the family a while and is jointly owned. What makes it work is that it is now a formal business entity, set up in the state where it is located. The revenues cover the costs with some buffer. There was initial reluctance to rent it out when family isn't using it, but once people got over that, it works well with a local property manager. I recommend exploring this with a local attorney and realtor. It would also prevent any one sibling from living there full time. It reduces the angst on anyone (esp the bouncer brother short on cash) as it is cash flow positive.[/quote]
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