Rooming with friends is a bad idea from my personal experience. Especially if it's a girl whom you're not getting any. Do what you can to break the deal off nicely.
The clutchfans hivemind has spoken. You are hereby commanded to: 1) bang her 2) rent the room to someone else 3) never speak to her again
If this friend needed a place to stay for awhile and no one occupied the 2nd BR, would you let her stay? If yes, then you should just accept whatever your friend is paying. One or two hundred dollars a month is probably not worth the animosity. Just have the mind set that any rental income from your friend is bonus cash flow.
give her an option. If she wants to split the cost 50/50, she also needs to split the insurance, interest, closing cost, repairs, association fees, parking, and other costs associated w/ owning the condo. Otherwise, she can pay what you ask her.
This girl is acting like you are going halfsies on an apartment or something. It's your name on the mortgage so you can charge whatever the hell you want to. Your finances have nothing to do with the equasion. Plus, like everyone else says, nothing good can come from renting to a friend. That is a recipe for disaster.
Yeah, let me agree with general sentiment here. Bad idea to rent to a friend to begin with and if she wants to negotiate with you using "leverage" it's an even worse idea. If you aren't trying to get more than market value out of her, you are in the green zone in my mind. I'd tell her this seems like it's going to be a bad situation and just move on.
There is nothing wrong with leasing out to a friend, but when you treat your friend like a business investment, you're asking for trouble. Sure, you might be fronting all the costs and risks, but you are fronting these costs regardless, nevermind you are building all the equity. If anything, your friend is doing you a favor by providing a trusting roommate. If you are looking to take full investment advantage of your spare room, then don't do it at a friends expense. I would never do this to a friend nor would I call someone a friend who did it to me.
OP should make a poll. I'm certain he'll receive more no-go's. The costs aside, I think it's too easy to ruin a friendship by rooming with a friend. You'll develop new pet peeves about that person and that stuff adds up. Soon you'll start talking crap about them with your other friends and eventually it'll result in one or the other moving out and you've lost a friend. Just one of the bad scenarios that could happen.
If you can get more on the market for that room like you say you can then do it. If someone is willing to rent from you for the price you want then your friend might be willing to ante up. She may also be losing a trusting roommate if she decides to look elsewhere so it cuts both ways.
You own, she rents. That is all that needs to be said. If she doesn't get that with an explanation by you, she's not much of a friend. And just to note, I would rather rent to a friend than to a stranger. We have one tenant, a friend, that has been consistantly wonderful. The other was rented to a stranger and he left a couple of weeks ago. He is NOT getting is deposit back.
having a *friend* freeload ,mooch , angle to always pay less , is unreasonable. we are talking about rent and place of living. 'Ass gas or grass' no one rides for free. if the world operated under moocher principles every business would be out of business. If you want to help her out let her stay one month for free. past that she is a moocher and needs to pay going rate... the going rate for that type of place is fair. Risk is right and a huge piece of it. She is buying the right to pay more to leave when ever she wants. she has no obligation to anything. Also just because you are getting a rent check from her doesn't mean that she isn't going to be taking up space. At the end of the day living with someone else is an inconvenience that has a HUGE cost. Is it really worth that monthly equity to deal with a jackass renter? that's the real question. I hope OP isn't getting place with the plan of making money off this room. This room is a losing venture but if biatch gonna stay she has to pay something and that is going rate. If she is in a bind let her stay a month for free then she needs to find the next couch.
Only advice I can give is if she's unwilling to pay what you ask, she needs to negotiate with that ass.
If he's charging market rate, then she is the one trying to make money off of him, not the other way around.
