this post was submitted on 09 Jan 2024
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I just got laid off and am collecting unemployment while I find a new job.
I also have a roommate who pays me rent (I own the house and it’s a good situation for both of us), and I was wondering if my rental income would impact my unemployment, so I called them up to ask. Interestingly enough, the unemployment office does t consider rental income to come from employment, meaning they don’t see being a landlord as having a job.
Edit to add: the roommate situation is new, and it’s had me all sorts of uncomfortable because we had to sign a lease (they are on rental assistance and they required a lease to be signed), so I got a boiler plate lease that we both felt good about and signed it for month to month. It makes me feel a lot like a landlord when we’re really roommates, but ultimately I benefit from the situation because even if I dedicate that money to upkeep, repairs, and improvements to their living space, it still ultimately increases the value of the house for me.
How can I be ethical while collecting rent from someone?
The thing is, you're not looking at this as a job, or an investment, or a profit-generating enterprise. You have a friend who is staying with you, and helping you with the bills. I don't see any ethical issues at all with this.
I actually find myself in a similar situation, as my friend just left her partner, and, well, I had a spare room. She kicks me a little money to help with the bills, and I keep a roof over her head until she has somewhere better to go. In my mind, that's different than looking at landlording as a job, or worse, an investment to generate passive income.
What I'm saying is that intent matters.
If you are collecting less than half the mortgage (excluding utilities) in rent I think it's mostly fair. You are giving someone a cheaper place to stay and they should contribute to that, whilst you have seemingly no profit incentive.
If they were to stay with you a multitude of years and will therefore have contributed a significant portion of the entire mortgage then it would be most fair if they saw some part of it back upon sale, though that isn't entirely realistic either. Perhaps in a perfect world it would be, but if it were a perfect world they wouldn't have had the need to live in with you.
Though "you are providing a service and ought to be compensated for it" comes close to some landlord arguments, given it's not exactly a business model for you with multiple houses I think it's unethical nor immoral.