Can someone explain to me how a live-in nanny situation works?

[Anonymous]

I have a 600 sq ft casita on my property. It has it's own entrance, kitchen, washer/dryer etc. Power, internet, and cable is included. My nanny is in grad school and started out at $15 hour for 2 kids. I was able to find someone that wanted to be on her own and the hours I needed worked very well for her schedule. She has been with us for over a year. She will be leaving next year and we will miss her dearly. It has worked out for me because I found the right person. I don't think this arrangement would work out for everyone.

[Anonymous]

Anonymous wrote:

Not to be rude, but it is NOT 'free rent' when the nanny is working. Just a pet peeve that I can't stand...

Sure it is. It's a benefit, like any other, and is considered in the compensation package offered to a nanny.

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Benefits aren’t free. They’re accounted for in compensation. Which means they have a value.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Not to be rude, but it is NOT 'free rent' when the nanny is working. Just a pet peeve that I can't stand...

Sure it is. It's a benefit, like any other, and is considered in the compensation package offered to a nanny.

.

Benefits aren’t free. They’re accounted for in compensation. Which means they have a value.

IRS does not consider it a benefit and it is not taxable because the job requires that she live in.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Not to be rude, but it is NOT 'free rent' when the nanny is working. Just a pet peeve that I can't stand...

Sure it is. It's a benefit, like any other, and is considered in the compensation package offered to a nanny.

No, most of the time money is deducted from overall pay rate to "cover" the cost of room and board. If someone is paying full rate like they would for a live-out nanny (not reducing pay), then it would be free rent. But most people that would tell you they are paying full rate, are already paying on the low end of the scale.

If the job requires that you live on, YOU CANNOT DEDUCT RENT!!!!! How many times does this have to be said? Try taking out rent and you can be sued.

Exactly. I have sometimes agreed to live-in, but I didn’t give up my condo.

[Anonymous]

Sorry but I just need to add here that having a live in nanny is to the benefit for the parents because you know they're going to be like asking for extra things like "ummm can you watch them while we go out tonight? Can you make dinner? Can you pick up my dry cleaning and some fresh eggs while you're bringing charlie to his polo lessons?"

I would think live in nannies would be paid extra to be around all the time. AND live there without any costs at all! Since it's truly a benefit for the employer.

[Anonymous]

Anonymous wrote:Sorry but I just need to add here that having a live in nanny is to the benefit for the parents because you know they're going to be like asking for extra things like "ummm can you watch them while we go out tonight? Can you make dinner? Can you pick up my dry cleaning and some fresh eggs while you're bringing charlie to his polo lessons?"

I would think live in nannies would be paid extra to be around all the time. AND live there without any costs at all! Since it's truly a benefit for the employer.

I don't know what you mean. Our live-in has fixed hours, we pay extra for everything outside these hours and she can always decline.

[Anonymous]

OP, just ignore the nay-sayers. If you are respectful of the nanny’s time, space and privacy, you will be fine. I recommend you hire someone who is not an introvert and who has been a successful live-in nanny for several families.

[Anonymous]

I know several nannies that have saved a TON by being a live-in. Often they leave for the weekend and stays with friends and family.

[Anonymous]

My BIL and his partner have always had live-ins. They have their own bedroom and bath, family meals and a food allowance, and use of the nanny car during off hours. The kids are not allowed to bother the nanny once she is off for the day. The key is maintaining boundaries so the nanny doesn’t feel taken advantage of. Their nannies stay for years so they must be doing something right!

[Anonymous]

Anonymous wrote:I know several nannies that have saved a TON by being a live-in. Often they leave for the weekend and stays with friends and family.

They can’t count on that.

[Anonymous]

Anonymous wrote:My BIL and his partner have always had live-ins. They have their own bedroom and bath, family meals and a food allowance, and use of the nanny car during off hours. The kids are not allowed to bother the nanny once she is off for the day. The key is maintaining boundaries so the nanny doesn’t feel taken advantage of. Their nannies stay for years so they must be doing something right!

I have a live-in nanny and I agree with all of this (other than the meal allowance because our nanny lives in a small flat in our basement, complete with her own kitchenette). The key is truly boundaries. I didn't entertain a live-in until we had space in our house with a separate entrance, but that's just because I prefer clear demarcation lines between our space and her space. Our nanny has a fixed schedule and we always ask, and never assume, whether she can work outside of those set hours. She is generally really accommodating because who wouldn't want to get paid overtime to do a date night when she would otherwise just be sitting around her apartment anyway.

[Anonymous]

Anonymous wrote:My BIL and his partner have always had live-ins. They have their own bedroom and bath, family meals and a food allowance, and use of the nanny car during off hours. The kids are not allowed to bother the nanny once she is off for the day. The key is maintaining boundaries so the nanny doesn’t feel taken advantage of. Their nannies stay for years so they must be doing something right!

We have a similar arrangement. Our live-in nanny has her own suite (actually the entire third floor, which has a sitting room, bedroom and bath). She has fixed hours and generally eats with us. She is always open to extra hours, for which we pay separately.

It works for the right time of family and person.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I know several nannies that have saved a TON by being a live-in. Often they leave for the weekend and stays with friends and family.

They can’t count on that.

Odd comment.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I know several nannies that have saved a TON by being a live-in. Often they leave for the weekend and stays with friends and family.

They can’t count on that.

Odd comment.

Presumably PP meant that you can’t count on a nanny living in only on working days.

[Anonymous]

Where did you find your live-in nanny?