Anonymous
Post 06/26/2022 14:03     Subject: Letting adult kid live in your home
No agreement. My children are welcome as a matter of course.
Anonymous
Post 06/26/2022 14:02     Subject: Re:Letting adult kid live in your home
A written lease could be important for her should she need to demonstrate residency for, for example, a drivers license renewal.
Anonymous
Post 06/26/2022 13:37     Subject: Letting adult kid live in your home
"So she can have a nicer place" ... hope she can afford your place. I don't think this is wise parenting unless she's at least close to being able to afford it on her salary.
Anonymous
Post 06/22/2022 10:46     Subject: Letting adult kid live in your home
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:We have an Airbnb which stayed empty most days, our daughter was paying a big portion of her income on her rental so we are letting her move in our unit to save money and have a nicer place. How would you handle rental agreement, verbal or written?

Absolutely written, just like for anyone else.


NP. Why? I'm just curious.


DP. For tax reasons. If you’re taking rent you need to claim it and you need a paper trail.


Why? Would it lower tax?


You need to report the rental income (which also allows you to take expenses associated with the unit).
Anonymous
Post 06/22/2022 10:26     Subject: Letting adult kid live in your home
Anonymous wrote:None, she's your child.


She is an adult.
Anonymous
Post 06/22/2022 10:25     Subject: Letting adult kid live in your home
None, she's your child.
Anonymous
Post 06/22/2022 10:25     Subject: Letting adult kid live in your home
Its a small paid off unit.
Anonymous
Post 06/22/2022 10:25     Subject: Letting adult kid live in your home
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:We have an Airbnb which stayed empty most days, our daughter was paying a big portion of her income on her rental so we are letting her move in our unit to save money and have a nicer place. How would you handle rental agreement, verbal or written?

Absolutely written, just like for anyone else.


NP. Why? I'm just curious.


DP. For tax reasons. If you’re taking rent you need to claim it and you need a paper trail.


Why? Would it lower tax?
Anonymous
Post 06/22/2022 00:57     Subject: Letting adult kid live in your home
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:We have an Airbnb which stayed empty most days, our daughter was paying a big portion of her income on her rental so we are letting her move in our unit to save money and have a nicer place. How would you handle rental agreement, verbal or written?

Absolutely written, just like for anyone else.


NP. Why? I'm just curious.


DP. For tax reasons. If you’re taking rent you need to claim it and you need a paper trail.


Thanks!
Anonymous
Post 06/22/2022 00:36     Subject: Letting adult kid live in your home
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:We have an Airbnb which stayed empty most days, our daughter was paying a big portion of her income on her rental so we are letting her move in our unit to save money and have a nicer place. How would you handle rental agreement, verbal or written?

Absolutely written, just like for anyone else.


NP. Why? I'm just curious.


DP. For tax reasons. If you’re taking rent you need to claim it and you need a paper trail.
Anonymous
Post 06/22/2022 00:24     Subject: Letting adult kid live in your home
Anonymous wrote:
Anonymous wrote:We have an Airbnb which stayed empty most days, our daughter was paying a big portion of her income on her rental so we are letting her move in our unit to save money and have a nicer place. How would you handle rental agreement, verbal or written?

Absolutely written, just like for anyone else.


NP. Why? I'm just curious.
Anonymous
Post 06/22/2022 00:14     Subject: Letting adult kid live in your home
Anonymous wrote:We have an Airbnb which stayed empty most days, our daughter was paying a big portion of her income on her rental so we are letting her move in our unit to save money and have a nicer place. How would you handle rental agreement, verbal or written?

Absolutely written, just like for anyone else.
Anonymous
Post 06/22/2022 00:08     Subject: Letting adult kid live in your home
Are you paying a mortgage on it? I'd have her take over the mortgage, insurance and upkeep.
Anonymous
Post 06/22/2022 00:04     Subject: Letting adult kid live in your home
She is single but if change any year.
Anonymous
Post 06/22/2022 00:03     Subject: Letting adult kid live in your home
We have an Airbnb which stayed empty most days, our daughter was paying a big portion of her income on her rental so we are letting her move in our unit to save money and have a nicer place. How would you handle rental agreement, verbal or written?