Taking advantage of friends

That is what most people do in the renting business, they charge more rent than their mortgages to make a profit, otherwise what would be the point in renting your house out? People who rent out their properties take risk that their property will be damaged or that they will have renters will not pay, therefor potentially incuring cost by having to have renters evicted. I don't see anything wrong with charging more than your mortgage.

I understand that some people, such as yourself, would not take advantage of a friend like that. But sorry, I would also beg to differ. Not because I don't appreciate my friends as much as you, but because it is necessary in today's world. If their friends think that 500 a month for that place is a ripoff, then they should deny or negotiate it. Money is important in today's society (as much as we hate it) and it'd be great to make a little profit to pay off the mortgage smoother.

There is nothing wrong in doing that. They need a place to live and, as long as he is not a jerk to them, he actually may be doing them a favor. You seem to have a lot of complaints about this guy and how he tries to give his finances a little cushioning. If your finances are that cushy, that is great. However, there are a lot of people who are not so fortunate. His plans harm no one--least of all you.

Maybe that's not what his intention is. I'm pretty sure his friends will not take it that way too. If his friends are planning to stay in his place for long then it's just right for them to pay rentals. They'll be using electricity and other things in the house so might as well lease it to them. There's nothing free nowadays. At least his friends would be at ease because they can trust the person they're with in the house.

Sorry but again I don't see anything wrong in that. It's normal over here and in many countries. If one owns a house and other people do need a place to stay you can rent a room to them. It's normal the price of one room plus electricity, water, using bathroom, toilet, kitchen (with or without food) is the same price as the rent of a whole house or the debts/loan you have to pay back each month to the bank for buying the house. So yes it's way cheaper if you rent a house with 2-3 people together (like my daughter did with a close (nearly blind) friend she studied with, and later on her bf was moving in as well and payed his share) as just renting a room at somebodies place. BTW if you let someone rent a room in your house that person doesn't have the costs of taking care of the house. Paying taxes or keeping the roof, floors etc in good shape. Also I don't see the need to let friends live in your house for free. Especially not if they are able to pay for the room, electricity, water etc. Why should they live for free and be able to safe? Why does the owner has to carry all the costs? Friends should learn to live their own life. They can also buy or rent a house themselves. I think it's your responsibility to teach friends that everybody has to work hard to make an income, that everybody should take care of himself and not abusing friends or other people by getting everything for free.

Hi This is common these days. But as far as he is not cheating his friends then it doesn't matter . Taking advantage in what way? i mean if he gives for the same charge for other people also then he is not wrong .Because he is treating others and friends as tenants and charging the same. Everything should be in its place friendship is friendship and charge is charge.