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The Family Teams Podcast

Ep. 178 | Should you Charge Rent if You're Housing Someone Additional?

The Family Teams Podcast

Jeff Bethke

Religion & Spirituality, Kids & Family, Christianity, Parenting

4.9729 Ratings

🗓️ 24 September 2019

⏱️ 7 minutes

🧾️ Download transcript

Summary

Jeff Bethke and Jeremy Pryor talk about if you should charge someone rent when they're living with you.

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Transcript

Click on a timestamp to play from that location

0:00.0

And so what I think about is, first of all, when we have a room available on our house, we stamp it with a vision.

0:10.0

Hey, guys, welcome to the Five Minute Fatherhood podcast.

0:12.4

I'm your co-host, Jeff Bethke, along with my friend and mentor, Jeremy Pryor.

0:16.1

Join us Monday through Friday as we chat about quick tips, skills, and ways to help equip you on your

0:21.2

journey as a father to build your multi-generational family team on mission. Stay tuned.

0:31.3

What's up guys? Jeff and Jeremy here. Fun question today. This is from Chris and our

0:34.6

homeroom group. And this is the question about should you charge rent if someone lives with you either to help out or just a college student or how much should you charge? How should you do it? And I thought it was a really, really good discussion because when you integrate into a multi-generational family team, one really cool asset to doing this is building up a household. And one way to do that is have someone live with you. I know we've had four-ish or five people, I think live with us over the course of seven years of marriage. Jeremy, you guys have literally a duplex you own that is just to like host and have probably thousands of people come through that place. But yeah, this is something to think through. I love some of the caveats you said, Jeremy. So I'll let you share those. But what I will say quickly is let the, there's not one exact answer. And for those four or five people, we've almost done four or five different situations. So I would say be really mindful of like what you're trying to accomplish. Are you trying to get help in the home? And then you can give rent as a value for that. Are you trying to do ministry and

1:28.0

discipleship? Well, then that should be something else. Are you trying to do a mix of both? That should be something else. Are you trying to just have someone kind of be a decent bystander like on your family culture that can hopefully be blessed and be kind of a safe place and not lonely? And maybe like college student that just needs an active presence in your life. I'd probably put that one in the ministry discipleship category. Then that plays out a certain way. So a couple of rules that we like to do is we've charged rent all across the board. One thing we tend to do is we never have never charged the exact market rate. We always, even if it's just like a rental thing and there's not work exchange or anything, we still will come down 100 or 200 bucks, usually just because we see that as kind of like a ministry thing of people, someone being in our

2:03.8

home. And then another one caveat we usually do and we have done is kind of like you can do your own

2:08.8

grocery shopping. You can have your own food. Right. And you need to do that. But like if you're

2:12.4

going to join us at dinner, like we'll cover that. Like we want you to be at our table. We want you to be in relationship with us. So dinners are on us.

2:18.0

You don't have to worry about that.

2:19.1

And we'd love to provide that every single night if you're going to be there.

2:21.7

Those are just kind of the caveats we've done.

2:23.5

But Jeremy,

2:23.7

have you guys done this? And I'm more on the side of like exchanging it for work. And I love the way you kind of do it with the credit and work backwards, et cetera.

2:31.7

Yeah, this is a big one for us because I love it when families do this.

2:35.9

There are some major landmines. etc. Yeah, this is a big one for us because I love it when families do this.

2:35.9

There are some major landmines.

2:38.7

You know, it's great to have a single live in your house.

2:40.9

I think that I always encourage this when you have especially a larger family, a lot of

2:45.5

littles in a season like that because having somebody there that can watch the kids that

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