My Roommate Doesn't Have the Rent

[HokieFan]

Originally Posted by Mr. Analyst

Joint ventureship is a very common business practice, and can result in good returns. It's just that in this particular case, it did not work out well.

I would reach out to the landlord.

It's been 6 years. Hopefully, it worked out for OP.

[freemkt]

Originally Posted by kinkytoes

You got lots of great advice! I would also agree that the landlord does not want 1/2 the rent. I mean, is he/she renting 1/2 the apartment? If your roommate does not have money, then he/she can get a loan from his/her bank. His lack of cash should not be a barrier to paying rent.

Your roommate will probably qualify for a personal loan of 5K or less from his local bank or credit union. He may even be able to get the money quickly enough to pay the rent in September (including any applicable late fees). He can probably pay back the loan over 5 years.

The interest rate may be 10-12 percent now for a personal loan, but I think that beats being homeless.

HAHAHAHA oh the naivete.

[janet bubby]

I would kick this guy out, OP, you gonna have to man up and toss him to the curb!