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You guys are really scaring me off this idea. Hopefully she'll find something on her own.
But, if she doesn't, how does the IRS determine what I should be charging for rent? Do they average in the neighborhood, the city, the region? How about if we provide appliances?
The main advantage of this deal is I wouldn't charge her extra for the pets, or have an issue with the dog.
He does need a yard. Christmas 2014 she brought him home and he was downright chunky, but when she moved to Des Moines she found a house to share with a couple of roommates, with a big fenced back yard and now he's back to his regular weight.
As far as her missing rent or me having to evict her, that does worry me. She has a degree in music, not finance, and definitely did not learn money management or budgeting from her parents. I have a hard enough time with her mother. But on the other hand, we've been dating for almost 6 years, and living together for almost 2, so she's not going anywhere anytime soon. I'm getting too old and too tired to find another one that will put up with me.
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