Received a company's offer to rent out SFH, not sure how to eval.

[David Lu]

Hi all, this is my first time trying to rent out a home that I have recently bought. I have made listings on Zillow and Apartments.com and I received an offer from a company that "has dozens of properties" and "provide short term stays to traveling professionals" and is interested in renting for 2 years. I have no idea what this actually means but am guessing they will be listing my property on Airbnb. My initial thoughts on this is that this is a bad idea since they would cycle through tenants, not using my screening process from the bigger pockets book, in a high volume and potentially cause much damage to the property(more than 1 months worth of security deposit). I am not sure how to evaluate this as I was only expecting to receive applications for people looking to actually live in the property and would love to hear more experienced folks' feedback on this. Thank you all so much!

[Nathan Gesner]

Joe is exactly right. They want to rent the property for a certain rate, then they will furnish it and rent it out to Airbnb guests for a significantly higher rate and produce a profit.

if the property is zoned for short-term rental in the market supports it, you would be better off finding a short-term rental property manager to do this for you and produce a greater profit for yourself. It puts more money in your pocket while ensuring you maintain control of the property.

be very careful with these unsolicited offers that promise to put guaranteed money in your pocket.