Should I Kick My Ex-Wife's Family Out Of My Rental House?
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- เผยแพร่เมื่อ 28 ก.ย. 2024
- Should I Kick My Ex-Wife's Family Out Of My Rental House?
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Never loan money to family members and never rent out to family members.
Very true.
Never do Business dealings with family or close friends. They always think they deserve discounts or special dealings bc of the relationship and if you don't give them special treatment you are the bad guy.
I mean if they're paying the rent on time I say why not. They aren't his in laws anymore.
My father taught me, only lend money you don't expect to get back. 50% of the time, I haven't gotten paid back, but the 50% I did, I was surprised. I'm not rich, but gotta help them family and friends* come up together.
There are two sure ways to lose a friend, one is to borrow the other to lend. -Patrick Rothfuss
Offer the family to buy it first... then sell it.
This is a great question, it's nice when it's not the same scenario you heard a hundred times.
Loaning/Renting to family members or people you are close to is never a good idea because you will have regrets whenever you have no choice but to kick them out and loaning/renting to them makes it very hard to kick them out when the time comes.
It can be fine as long as you are clear what the rules are and there is a contract in place. The problem he has there is no contract in place.
He may have issues if they try to fight it when he tries to sell the property as they may start to make claims that they were actually paying the mortgage for him.
I bought a rental house & rented it to my brother. All was fine for 3 years. He paid and he was neat, taking care of small repairs. Unbeknownst to me, he began doing drugs. Suddenly the rent stopped arriving, first late but then never. I it takes about 9 months to evict a person in California. I had to sell it. I had my own mortgage to pay. That was the 80s when interest rose to nearly 20%.
So, I sold it quickly and paid capital gains. NEVER rent to a relative. My brother hit rock bottom eventually and we no longer speak.
Ask them if they would consider a lease to own? Or maybe sell it to them under owner finance. Lots of ways to dump the property without dumping the occupants.
This is a great idea!
The fact they are older and living in rental and relying on it signifies that they do not have the ability to buy them self.
He may end up with lots of issues when trying to get them out of the property and he will need a good administrate evidence to show that he is outright owner of the property.
Sounds a little more like he wants that chapter closed and the peeps gone. Seeing them every month would be like ripping a bandaid off, and then there’s always the chance the chick will be there too. Sell it dude, and walk away.
they had an amical separation and he likes the tenants. They pay and take care of the property (he said they are clean, I guess that means also careful, take good care of it, would call if something is amiss instead of letting it deteriorate). He does not need to visit all the time, could ask if the ex is there (if that would be so terrible for him). if they have kids together they would see each other anyway.
He does not live there. Why would he see them?
It would be better to sell it to them.
Real reason, I have a new girl friend and the fact that they are in there makes it problematic for me.
🤣🤣🤣🤣
Bingo ☺️
Or it make financial sense to rid them🤷
Well he's divorced, so honestly that's his business now 🤷🏻♀️
This was my first thought
Rents to his ex in-laws, doesn’t have a lease and it’s in a one traffic light town. Selling is a no brainer.
Offer to sell it to them. A well written rent to own contract would protect him if the price dips and they get to stay where they are for around the same price. Everybody wins. He could even use some of the payment he has recieved to entice them to sign the contract. He sounds like he trusts them and they have mutual respect.
Offer it to them first and save the agent fees
The title is rather deceiving. He loves his ex in-laws! 😅
Well, his ex is his ex. Legally speaking, in-laws are your in-laws forever. It's weird.
@@Oxnate Is that really a thing? My sister hasn't even divorced yet (after two years) and I don't use the term at all. Feels natural to lose the term "brother in law"
@@Oxnate they're not his in-laws anymore, because there is no longer a LAW creating their relationship, since he's divorced their child
Ask the renters if they would be interested in buying the place. They may be, if not it will get them in the mindset of you selling the place.
When you loan friends or family money, just consider it a gift. If you can't, don't loan it out at all...
Very true, Im learning that the hard way haha...
@@Just_Hu same lol and it's hard cause is family and I feel bad saying no to them
Dave got this guy stumbling
Ask the renters if they’re interested in buying the property.
Why not offer to sell the house to them? The mortgage will replace paying rent.
“My ex-wife’s family are great renters don’t ya know.” Too nice, probably got cheated on
Sounding nice doesnt mean you are nice. A huge portion of serial killers seem like super nice people.... always takes two to have a fight.
This guy sounds like he's going to break down although I can understand his apprehension because he actually cares about these people
Anyone else remember the "All in the Family" episode about blight?
New lines had been drawn. If his house was across the street he'd have been fine. But the house was just inside the line so his homeowner's insurance went thru the roof.
Archie was enraged to be stereotyeped.
Sit on it and make the money if you like the renters. Even if the property isn't increasing, you're still cash flowing.....
Daves eyes when the caller says my ex wife's family.. LOL !! Definitely should see if they want to buy it from him !!!
Yes.
One I would ask them to sign a lease. Two I would've to say that if they listen to this show then you may have no choice but to talk to them? 🤣🏠
The house is paying for itself just leave them in it till it’s paid off. 10k per year in rental income will clear it easily and give you some profit. Plus you have a safety net if your job goes wrong.
If you don't need the money.... and the goal long term is to use it towards a down payment for your own house....
Just let them stay, keep getting the cash flow and free equity.
Then once you're ready to buy a house, 1031 that property into your new house, then you avoid the gains taxes.
Unless I'm missing something.
I say keep renting it out as long as you can. If they decide to move than sell it. The value may not go up but it's not likely to go down either. What's the hurry. The rent is paying for it and then some.
Offer to sell the house to the in laws? Maybe they can come up with the money to purchase it
Jesus, spit it out buddy!
i know. so hard to listen to
It sounds like he just wants to cut ties, and I don’t blame him.
Some people can be adults and get along even in adverse conditions.
"thanks for taking my call."
"it's my job." - Ron Bennington
What about an offer to sell to them?
No doubt this would soften the blow
Short Answer: Yes.
Long Answer: YEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEESSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS 😂😂😂
It does not sound like he has any pressing need to sell it (other than making more money in different investments), and it will probably sour relationships all around (the ex in-laws, the ex wife) if he were to pull a 30-day selling stunt (in a small town, it won't sell in 30 days anyway, and be left vacant and then run down). Things are ticking along without problems, and it sounds like it could rock the boat. If he wants to pull money out, could he offer to sell it to them?
As a former renter whose rental was put on the market, it is a horrible thing to be 'inspection ready' at all times, you have no peace or relaxation. I even had one person knock on the door out of the blue to "look around" (I said "no, you must go through the agent").
Good question, but I would get rid of it.
Nothing wrong with helping family and friends. They do need help sometimes. Pluse don't let bad experience control our decisions. Never know who we might need. We are still in a PANDEMIC.
LOVE IS THE WAY.
Irregardless
Just sell it with then in it. Problem solve.
If they are good tenants I would give them at least 6 months
Why not sell it to them? Straight out purchase or owner financing, either way.
ask the in-laws if they interested in buying - as a way to bring up this matter
WHAT A CHAD!
Just sell it to them, everyone is happy, sucks about the 12k.
Dave, always the b buster. This is why you own your house.
why does he think he could sell it now wit no problem but not later ? he must alrdy have a buyer or he has anxiety
Why not offer the house to the ppl in it already?
Dave has learned the art of the clickbait
Dude sell the house. I bought in 2009 and the home STILL in 2022 isn't worth what I paid for it.
Thank goodness; Dave could get info out of this guy. Maybe nervous. .
How about asking the ex inlaws if they want to purchase the home?
He’s not selling the home :/
Yes punt them just like you punted your ex wife. Wow why would you even ask this.
Ex-wife? Her family members? Yup they’re gone!
yes
T-T-T-T-Today Junior! Gezzz just spit it out
Not sure why the “rent to own” wasn’t considered. Could have been a win-win situation.
That is a tremendously messy situation, especially with people you once were related to. The better situation would be for them to buy it outright but not with me 'carrying the note'.
Easy. Yes.
T-t-t-today junior !!
I shouldn’t have laughed 😂
Yup
I think I would be looking to sell the house with the good tenants in it. it sort of solves two problems at the same time with one move, and it mitigates risk of future problems.
Nice work ✨🌠🎆
Chad this is a incredible troll call. 😆
Sounds like a he got a fresh start. Just sell it and have nothing tying you down
This dude uses the term, through the doors. We never use that phrase.
Try selling it to the in-laws first?
Maybe the in laws would be interested
offer it to the in-laws to buy from you dude
Didn’t watch the video but the answer is yes.... lol
😂
guy sounds like a wreck ....dude just offer seller financing to the current occupants and call it a day
Can the x in-laws purchase the property?
hes looking for a reason to sell it sounds like
ez explanation: he is a chad
Fuck I’d pay 700 a month for a house
Where in mn he said he from Minneapolis
If you ex is real close with her family, kick them out in the street (film it & post it on youtube).
always knew there was something sus about you
Omfg... pooor guy wanna be my husband LOL my parents house paid off
Who is the blonde! Is he dating her? Nice 👍 there looks to be some tension between them -
You are totally clueless😔
Today
Eh eh eh eh uh uh uh uh only only only only budeep budeep budeep that’s all folks.
They keep saying "ex-wife's in-laws" ... that's *his* family.
He said exwifes family. His ex in laws.
@@herbiehusker1889 The caller did, but Dave and Christy kept saying "in-laws".
He should just see if they want to buy it first. Give then the option that way he doesn't come off as kicking them out.
I'm surprised Dave didn't ask if the ex-inlaws would just want to buy it from him. That's the first thing I would have asked. They seem to have a good relationship so why not offer them the opportunity to buy the property with a small discount. Everybody would be happy.
The family can make an offer.
@@tobyfitzpatrick565 It wasn't clear whether the ex-inlaws even know that he wants to sell and since they have been renting for many years, it would be unusual for them to suddenly bring up the issue. The caller (ie, seller) needs to bring it up and offer a starting point for price.
Great point. Why not just sell it to them?
@@invenio1978 Yes, that's what I meant... if the caller puts the house up for sale, the family can put in an offer. I didn't articulate having the house up for sale first because I figured that was a given.
I would sell the house to the in-laws and I would give them the downpayment for it. End of story. Good things happen to those that bless others.
Caller : Should I keep renting out my propertie to my former in-laws or sell it ?
Dave : sell the parents.
😂😂
🤣
😂
Love the profile pic 👍
@@morganmeese9470 thanks! It's really old from a TH-cam channel that was popular in 2013
a 450 a month mortgage payment!!! omg. that's a dream.
He said it's in a one-stoplight town so... that helps, lol
Sell it to the in laws! Even at a discount
My now husband's ex mother in law was renting his house several years after the divorce. We were/are on good terms. However, we had to look to the future. Did we want to keep a house that we didn't want so that she could stay there? Did we drag it out another 5-10 years and move her at 70?Better to have a gentle discussion and set expectations early on. *We sold. She got a garden apartment and we still have a good relationship.
If it ain't broke don't break it. Keep making money on it.
My thoughts exactly !!!!!!!
If you want to sell, sell. This man has every right to close this chapter in his life. Its your home and you owe your ex's family nothing. Whoever dates this guy is going to hate this situation and whoever his ex wife is dating will feel the same. Move on.
No debt, freshly out of a bad marriage, and makes 105, this guy's life is many people's envy.
@Art Garfunkle I honestly don't remember precisely why I made this comment a year or more ago, but something can be the envy of many without being something you'd be proud of. If I remember right it did sound like he came out from this bad marriage a lot cleaner than most. I've seen some men that were wrecked by a rough divorce.
My wife's family has a couple of ex wives and ex girlfriends that all stay in touch and help each other out and all still treat each other like family. Weird at first but if people are honest and have a good heart the in ex inlaw title means nothing.
geezy4000 people tend to tell me that I'm so how a cruel person for doing the opposite. I want to be clear, in a lot of situations, it's because they act oppositely of what you stated. Unfortunately, extended family, especially when it's not your bloodline, in many cases, can become parasitic. So kudos to you for having a family that actually supports themselves.
Caller: I need to evict my in-laws.
Dave: sell the truck.
painful listening to this guy trying to explaim himself
I agree. The constant stammering almost made me quit the discussion.
@@Yaya-cl3tu it happens. He's human. He likely doesn't sit in front of a camera and on a phone day in and day out. No telling if he has anxiety or even a natural stutter. Quit being so judgmental its disgusting.
Stammering and blubbering
Sounds like an Aussie style divorce where everyone stays on the same page.
Opportunity cost is huge. If you believe you can make a better return elsewhere, sell the house.
Just say you are planning on selling the house and see if they want to buy.
Why do you need to sell it for a down payment... You make 105k and don't pay rent..
Spot on!
He greedy
He could also sell the home to the ex wife family
He should kick them out, sell the house and get out of Minneapolis.
How about you offer to sell them the property first and if they don't want it they gotta go.
Dave, why are you turning it into a fight.
I think I agree with you. I mean, just say "I need to move on, but I don't want to put you guys out. Do you want to buy it from me? If not, let's talk about the future." Sounds like he likes them, and doesn't want a fight.
Sell the house. Don't sell it to the ex-in-laws. Don't do business with family or friends. The fact that you made that mistake before doesn't mean you should keep making it.
If they are good renters what’s the problem?! And if you don’t need the money why sell now? Keep it and make it work for you for passive income for life