Crazy idea?

[Anonymous]

OP should be able to snag a top notch nanny, as long as wages are good to.

[Anonymous]

Anonymous wrote:When I last worked in NYC, I got my regular rates plus a studio apartment in the same building on Fifth Ave. Parents who are particular, and can afford it, will offer you the best they can do.

[Anonymous]

It's not a totally crazy idea but you'd still have to pay the nanny a wage unless she is only with you P/T and can get a job for the other hours.

Everyone has living expenses above/beyond rent/mortgage.

[Anonymous]

I could see this being most beneficial if you work odd/long hours and overnights (like a doctor's shift). Nanny candidates willing to work those types of hours are generally hard to find and come at a premium. This type of living situation could help attract more candidates and at a slightly lower rate.

Even if you don't work hours like that, I can still see this being a very attractive situation to many nannies. But make sure that it's something you can financially swing, as most nannies are not going to be willing to take a significant pay hit just because your living arrangement happens to be more expensive.

As for the logistics of the rental, I would see if you can get the rental in your name, and then set up some sort of sublet situation with the nanny. That way if things don't work out with a particular nanny, she is free to move on and you can retain the rental for the next nanny.

[Anonymous]

You will then have dual title:

Boss/Landlord.

What some people do not take into consideration is that if you let a nanny live w/you, you are under same laws that landlords must abide by.

You are responsible for providing a liveable space and are responsible for maintaining plumbing, appliances, etc.

And if things go south, you are mandated to give a 30-day notice.

[Anonymous]

Don't do it. You will be taking on a substantial financial obligation with a person that is a stranger to you. The basement alternative carries much less risk and is easily reversed if you decide to switch to a live-out nanny.

[Anonymous]

Anonymous wrote:You will then have dual title:

Boss/Landlord.

What some people do not take into consideration is that if you let a nanny live w/you, you are under same laws that landlords must abide by.

You are responsible for providing a liveable space and are responsible for maintaining plumbing, appliances, etc.

And if things go south, you are mandated to give a 30-day notice.

PP, please cite your source. My experience is that even a live-in nanny can be let go immediately for cause.

[Anonymous]

Anonymous wrote:

Anonymous wrote:You will then have dual title:

Boss/Landlord.

What some people do not take into consideration is that if you let a nanny live w/you, you are under same laws that landlords must abide by.

You are responsible for providing a liveable space and are responsible for maintaining plumbing, appliances, etc.

And if things go south, you are mandated to give a 30-day notice.

PP, please cite your source. My experience is that even a live-in nanny can be let go immediately for cause.

The nanny can be let go, but in reality, the living arrangement part works differently. Either the employers are actual landlords and you are doing a month to month lease with them (which is what is standard if no actual written lease is in effect stating something else) but I think the notice period is only 14 days for this not 30 as stated above (at least in my state of CA).

OR you are living there without a lease/landlord and there are different laws that would be used to "evict" you. It is EASIER to get someone out if they have a lease, if they don't then they are not considered a guest if actually living with you, but a resident of the household. Without a lease then they cannot just evict for non-payment of rent or other normal tenant disagreements, but have to take another route instead. It is much harder to fight in court, and the person can still be living in the house with you the entire time. You cannot just tell them to leave, change the locks on them and call the cops. It doesn't work that way. Most people will leave willingly when told to go, but if they don't, the people who live there have a hard fight on their hands to remove them. Since you were allowed to move in and most employers WON'T have all the legal stuff done to make themselves landlords to legally rent out a room/space to you, they cannot use those rights that landlords have when dealing with tenants.

This is the reason that most landlords have a clause stating that the only people allowed to live there (to stay and move in) HAVE to be added onto the lease. They will allow guests for up to maybe 7 days. Usually there is a time period that stipulates someone is a resident (like 23 days). Hotels have this rule, if you stay past the number of days you end up becoming a resident of the hotel, or some hotel/motels won't let you stay for any longer than that. They make you check out for one night, and then you can come back and get a room again the next night. It is to break up the amount of time that you have spent continuously at the hotel/motel. As soon as you are allowed to "move in" and stay past the specific number of days, you are legally residing in that location and can do so without a lease which protects the landlords rights. You also have no tenant rights really, but the evicting you is much harder, which is a benefit to you.