So now they own a duplex and rent out half of it. What is the morally responsible move here?
Sell it to a property management company so they are no longer an evil landlord?
Push the 60 year old tenant out because he just wants to pay rent and likely isn’t interested in buying a stake in half of a house, then find someone who wants to go splitskies on the mortgage and responsibilities?
How about not letting the tenant pay more than well over half of the mortgage?
I would wager that OP kept the biggest apartment between the two as well.
So OP gets to build equity with someone else’s money and keep the appreciating value of the duplex, all that because he did the maintenance of the property, the strict minimum that society requires for a landlord?
But but but if I don’t exploit others how will I get wealthy and live in luxury while others are driven by the horrors to serve me? Did you even think of that? Did you even think of how I want a nice life without improving the world? God you communists disgust me. I’m gonna go kick my basement kid and shout at them some more because I actually care about society.
So now they own a duplex and rent out half of it. What is the morally responsible move here? Sell it to a property management company so they are no longer an evil landlord? Push the 60 year old tenant out because he just wants to pay rent and likely isn’t interested in buying a stake in half of a house, then find someone who wants to go splitskies on the mortgage and responsibilities?
How about not letting the tenant pay more than well over half of the mortgage?
I would wager that OP kept the biggest apartment between the two as well.
So OP gets to build equity with someone else’s money and keep the appreciating value of the duplex, all that because he did the maintenance of the property, the strict minimum that society requires for a landlord?
Miss me with the fake outrage.
But but but if I don’t exploit others how will I get wealthy and live in luxury while others are driven by the horrors to serve me? Did you even think of that? Did you even think of how I want a nice life without improving the world? God you communists disgust me. I’m gonna go kick my basement kid and shout at them some more because I actually care about society.
What’s the appropriate split? How much do you charge?
Starting by not charging over half the mortgage would already be better.
After that, it would depend on the specific of the apartment itself.
Not charging over well over the mortgage to ypur tenant (OP’s words).
OP is doing exactly the same thing as property management companies, but since he is a poor landlord, he is somewhat justified in his decisions?
Get the fuck out of here
How about not profiting off someone else’s need for shelter?
Or I could make it an Airbnb! Screw my tenant and my neighbors, too!
You are a saint for letting your tenant pay more than half the mortgage for basic maintenance of the property. I was wrong.