edit: OK, I think this blog post that /u/NebLem linked decides it. Hard line at "not a rooming house" but I don't want you to sleep outside tonight.
ORIGINAL:
I remember when I was a kid and on hard times I was taken in by a friend and his dad. It saved me from being on the streets. This sort of situation seems to be developing now that I'm middle aged and my young adult children have friends with less than stable home lives. All these kids are LGBTQ or adjacent, some have diagnosed mental illness.
I want to help, but man... what happens if it goes sideways? I would hate to throw someone out if personal problems got too much. We have the space and these kids are over here all the time anyway, they just don't have a room and don't pay anything. Made some pretty kickass food last night though. Money is starting to get pretty tight what with food prices increasing, my insurance just went up, yadda yadda. I was thinking something like $500/mo since I'm already paying for everything, this money would of course help. Seems like two, maybe three kids need shelter.
To be clear, it isn't imminent but probably by October. So let's see what Lemmy thinks I should do:
1: No, we will not run a rooming house.
2: Yes, but. You don't have to pay money and are still a house guest. Please continue to pick up after yourself and buy food when you can.
3: Yes, I will create a few private areas in my basement and you pay me rent. We will be roommates but it's still my and my wife's house.
edit: looks like I would definitely need a formal lease as soon as someone brings a suitcase in for more than a night.
Colorado: Guests become tenants after staying for over 14 days within six months
sounds like I already have a couple tenants.
I knew a family that tried to do this.
Turns out their mental issues also prevented them from taking care of their space. Probably caused them 50k in property damages.
My mom rented out my childhood home to a couple that was struggling and unable to get credit.
They decided they were going to take the roof off and add a second floor without telling her the plan. She didn't find out until the local authorities contacted her and told her that she would be fined for not having the permits for that kind of job. The tenants realized that they couldn't actually do any of what they intended, so they quietly left without telling anyone and the house sat through a PA winter with no roof.
I always support helping people, but it is not without it's risks.