I go down the hall and enter one of the bedrooms and covering the walls was artwork from school projects, family vacation pics etc....as a parent of three young kids when I come across this it kills me.

I have a property (father's) that I can take ownership of through probate.  The value of the property is a little higher than the mortgage balance but not much.  If I rent it we will make about $200 per month.  It was...

In July of last year I purchased a home out of state where my parents live so they could remodel it (which is their specialty and darn good at it) I needed the tax write off desperately and every mentor said it was a must. 

I hear there is an increasing demand for this type of arrangement as more and more gen x-ers are moving their baby boomer parents in to care for them. 

Before we continue we should understand that this group, like the parent groupings, also has subsections.  

My wife has power of attorney over her parents house in Philly.

For those who want to cash out of their asset for long-term care of a parent or to divest the profit before family members multiply due to the death of a principal, understand that a specialist in this sector can best help you determine value--the friend or relative who dabbles in property management and residential sales probably won't be able to best advise you in your next course of action.

She is in full control of the properties she actually rents to my parents which is how I came across the whole thing.

Hi ice had a good friend of mine who owns a landscaping business as my self, he had asked me today if a property management company had the right to with hold his monthly payment for services he had performed for them.

My wife (soon to be at the time) and myself borrowed from both of our parents to buy a house.