Should I Kick My Ex-Wife's Family Out Of My Rental House?
HTML-код
- Опубликовано: 29 мар 2021
- Should I Kick My Ex-Wife's Family Out Of My Rental House?
Say goodbye to debt forever. Start Ramsey+ for free: bit.ly/35ufR1q
Visit the Dave Ramsey store today for resources to help you take control of your money! goo.gl/gEv6Tj
Did you miss the latest Ramsey Show episode? Don’t worry-we’ve got you covered! Get all the highlights you missed plus some of the best moments from the show. Watch debt-free screams, Dave Rants, guest interviews, and more!
Want to watch FULL episodes of The Ramsey Show? Make sure to go to The Ramsey Show (Full Episodes) at: ruclips.net/user/TheRamseySh...
Check out the show at 4pm EST Monday-Friday or anytime on demand. Dave Ramsey and his co-hosts talking about money, careers, relationships, and how they impact your life. Tune in to The Ramsey Show and experience one of the most popular talk radio shows in the country!
Ramsey Network (Subscribe Now!)
• The Ramsey Show (Highlights):
ruclips.net/user/TheRamseySh...
• The Ramsey Show (Full Episodes): ruclips.net/user/TheRamseySh...
• The Dr. John Delony Show: ruclips.net/user/JohnDelony?...
• The Rachel Cruze Show: ruclips.net/user/RachelCr...
• The Table with Anthony ONeal: ruclips.net/user/aonealmi...
• The Ken Coleman Show: ruclips.net/user/TheKenColem...
• The Christy Wright Show: ruclips.net/user/ChristyWrig...
• EntreLeadership: ruclips.net/user/entreleader...
This is a great question, it's nice when it's not the same scenario you heard a hundred times.
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
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.
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.
Offer the family to buy it first... then sell it.
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.
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.
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 RUclips channel that was popular in 2013
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.
a 450 a month mortgage payment!!! omg. that's a dream.
He said it's in a one-stoplight town so... that helps, lol
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.
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
Opportunity cost is huge. If you believe you can make a better return elsewhere, sell the house.
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.
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.
If it ain't broke don't break it. Keep making money on it.
My thoughts exactly !!!!!!!
Sell it to the in laws! Even at a discount
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.
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
He should kick them out, sell the house and get out of Minneapolis.
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.
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.
Caller: I need to evict my in-laws.
Dave: sell the truck.
Offer it to them first and save the agent fees
Just say you are planning on selling the house and see if they want to buy.
Daves eyes when the caller says my ex wife's family.. LOL !! Definitely should see if they want to buy it from him !!!
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
Why do you need to sell it for a down payment... You make 105k and don't pay rent..
Spot on!
He greedy
How about you offer to sell them the property first and if they don't want it they gotta go.
Sounds like an Aussie style divorce where everyone stays on the same page.
Dave got this guy stumbling
Ask the renters if they’re interested in buying the property.
Interesting topic!
He could also sell the home to the ex wife family
This guy sounds like he's going to break down although I can understand his apprehension because he actually cares about these people
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? 🤣🏠
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.
Houses in general don't depreciate.
They can need updating etc.
But generally speaking you would get your value back.
It may not appreciate in value substantially though.
Yes.
“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.
Jesus, spit it out buddy!
i know. so hard to listen to
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.
Before watching the video: YES after the video: YES 🤣
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
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.
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.
Offer to sell the house to the in laws? Maybe they can come up with the money to purchase it
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.
Sit on it and make the money if you like the renters. Even if the property isn't increasing, you're still cash flowing.....
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.
business is business, good renter keep them.
As long as they keep paying....but yeah....if he no longer wants it.....warn them a year in advance.......
Oh my god good his studder!!
Why not offer to sell the house to them? The mortgage will replace paying rent.
Yes! What kind of question is this?
Nice work ✨🌠🎆
It sounds like he just wants to cut ties, and I don’t blame him.
I think he needs to decide whether he wants a whole or partial severance from his ex-wife’s family. That he needs to decided whether he wants to remain adhered to them, financially or to move on with his life, in its entirety.
It is, however, one reason why I’d never rent a house from a single homeowner. They can do anything from have a change in life plans, like a financial epiphany, to losing their mind and you, as the renter, can have your life utterly upset my this.
Wow. Up until now I have always thought private owners were better
Thank you
Some people can be adults and get along even in adverse conditions.
"thanks for taking my call."
"it's my job." - Ron Bennington
Short Answer: Yes.
Long Answer: YEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEESSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS 😂😂😂
Do it
Wish there was a follow up
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.
Good question, but I would get rid of it.
"No friends and family in business and no business between friends and family." Not a Godly command, but a good way to keep relationships from ruining because of money.
Dave, always the b buster. This is why you own your house.
If the family likes the place enough to rent it maybe they would buy it. Giving them a price discount might make the whole process better.
Sell to the In-Laws. Count some of the rent as going toward down payment or something a little like that.
How about to offer to sell the house to them?
WHAT A CHAD!
Yes
Next question
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
yes
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
I'm going to go get the papers, the papers...
Hey tony two time!! lolol
Just sell it with then in it. Problem solve.
Get the house paid off first, then start looking at options
Sounds like the in-laws knew she made a mistake and aren't ready to lose him from their lives just yet. Sell the house to them as a farewell.
Thank goodness; Dave could get info out of this guy. Maybe nervous. .
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
Tell the in-laws you are moving on with your life and selling the house. Don't drag 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'.
I swear, sometimes people just call in for an attaboy 😎
🤣😂🤣😅LoL
I would separate from the inlaws asap before things go south, and eventually they will. Obviously, the situation has been bothering him. Personal experience with wonderful inlaws.
Easy. Yes.
Make them a good deal to buy the house.. make it like a rent to own deal if they want it... its a good place to start at least..
Dave has learned the art of the clickbait
Offer them first chance to buy the house, if they can pay the rent i don't see why they couldn't afford a mortgage.
The only thing that ties to you anyone for life is a child... all other things can be settle. If he has no children with his ex wife. Then he needs to sell or evict them. Either one..but they got to get out of his life.. He making good money , sound like he has no alimony payments.. he love his career.. it time to move on....from all of it.. Sell or Kick them out...just that simple...B1.
Just sell it to them, everyone is happy, sucks about the 12k.
SPIT IT OUT.
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
Real estate is selling high
Keep the rental
See if the in-laws are willing to buy the house
How about asking the ex inlaws if they want to purchase the home?
kick em out
What's a row house?
Long, skinny house on a lot the width of a garage, in a row with other similar houses with the outer walls touching.
Townhouses are like row houses, but each house in a row house is unique and can be torn down independent of the others, unlike a townhouse.