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Parent Emeritus
We bought a house today for my son to rent.
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<blockquote data-quote="newstart" data-source="post: 755520" data-attributes="member: 22416"><p>Hi Lulu, When we bought the home my daughter is renting from us, I did not think it was going to work but it has. For us it was a win win because we bought it hoping it could help our daughter get stable and if she could not handle it we were going to rent it out. I think the reason it is working is because of the large down payment we made on it so her monthly rent is doable for her. She has priced other places and understands clearly what a good deal she is getting. There were times when my daughter was between jobs and checks coming in late, she was so relieved to have us as landlords. We have had to have major patience with her, it has not been easy but so far it is working. She will do ok for a while and then she slips backwards. Now a days the slip backwards is not as far or deep but still backwards. Good luck and hope it works out good.</p></blockquote><p></p>
[QUOTE="newstart, post: 755520, member: 22416"] Hi Lulu, When we bought the home my daughter is renting from us, I did not think it was going to work but it has. For us it was a win win because we bought it hoping it could help our daughter get stable and if she could not handle it we were going to rent it out. I think the reason it is working is because of the large down payment we made on it so her monthly rent is doable for her. She has priced other places and understands clearly what a good deal she is getting. There were times when my daughter was between jobs and checks coming in late, she was so relieved to have us as landlords. We have had to have major patience with her, it has not been easy but so far it is working. She will do ok for a while and then she slips backwards. Now a days the slip backwards is not as far or deep but still backwards. Good luck and hope it works out good. [/QUOTE]
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We bought a house today for my son to rent.
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