{"id":9075,"date":"2016-02-23T13:22:42","date_gmt":"2016-02-23T13:22:42","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=9075"},"modified":"2016-02-23T13:22:52","modified_gmt":"2016-02-23T13:22:52","slug":"your-new-buyer-the-landlord-parent","status":"publish","type":"post","link":"http:\/\/www.anthonydidonato.net\/wordpress\/your-new-buyer-the-landlord-parent\/","title":{"rendered":"Your New Buyer: The Landlord Parent"},"content":{"rendered":"

Your New Buyer: The Landlord Parent<\/h2>\n
\"Your<\/a>

Your New Buyer: The Landlord Parent<\/p><\/div>\n

Parents are increasingly helping their adult children financially purchase a home, finding themselves in a new role going from parent to landlord.<\/p>\n

College graduates struggling to pay rent or save up for a down payment in high-cost metros are turning to their parents for help. Parents are buying up property and then renting it out to their children, often for an amount that’s well-below market value.<\/p>\n

A graphic designer was paying $2,150 for a one-bedroom rental on the Upper East Side in New York City. Now, with his parents as landlords, he\u2019s paying $1,021 a month on a one-bedroom apartment his parents purchased for him last year.<\/p>\n

\u201cI\u2019m definitely living in a place that\u2019s better than I could afford,\u201d Brian\u00a0Landisman\u00a0told The New York Times. \u201cAt first, I might have been a little concerned. Anyone would be a little hesitant about making deals with family members, but nothing has changed at all, except that I live in a better place. \u2026 I think, psychologically, it\u2019s better that I don\u2019t pay my parents directly; I pay the managing agent. If I were paying them, it wouldn\u2019t feel like my place.\u201d<\/p>\n

Contracts aren’t necessary for parent-to-child landlord arrangements, but some parents are formalizing the arrangement that way. In\u00a0New York, a father has\u00a0his daughter pay a monthly rent of $1,100 as well as quarterly taxes. He also required his daughter get a roommate who would pay $1,350.<\/p>\n

\u201cOver the last three or four years, we\u2019ve been seeing more pied-\u00e0-terre purchases that involve parents buying a small unit as a home for a child with a first job in the city, and also as an investment,\u201d Jonathan J. Miller, the president of the real estate appraisal firm Miller Samuel, told The New York Times. \u201cThey\u2019re adding an asset to their portfolio that they hope will appreciate over time. Meanwhile, that asset is solving a housing problem for their children, and if the parents can defray costs along the way or make a little something, so much the better.\u201d<\/p>\n

Source: \u201cMy Parents, My Landlord,\u201d The New York Times (Feb. 19, 2016)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Your New Buyer: The Landlord Parent Parents are increasingly helping their adult children financially purchase a home, finding themselves in a new role going from parent to landlord. College graduates struggling to pay rent or save up for a down payment in high-cost metros are turning to their parents for help. Parents are buying up … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-9075","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nYour New Buyer: The Landlord Parent - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/www.anthonydidonato.net\/wordpress\/your-new-buyer-the-landlord-parent\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/your-new-buyer-the-landlord-parent\\\/#article\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/your-new-buyer-the-landlord-parent\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Your New Buyer: The Landlord Parent\",\"datePublished\":\"2016-02-23T13:22:42+00:00\",\"dateModified\":\"2016-02-23T13:22:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/your-new-buyer-the-landlord-parent\\\/\"},\"wordCount\":378,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/your-new-buyer-the-landlord-parent\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2016\\\/02\\\/parent-as-a-team.jpg\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/your-new-buyer-the-landlord-parent\\\/\",\"url\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/your-new-buyer-the-landlord-parent\\\/\",\"name\":\"Your New Buyer: The Landlord Parent - 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