Short term lease to a Temporary Housing Agency.

[Mauricio Lopez]

Team, I am currently preparing one of my rental, and in the process I am already receiving rental applications. One of the applications came from an organization that helps families find temporary housing due to damage to the properties (fire). They are asking for a shorter term lease (9 month lease, then month-by-month). Has anyone had experienced with these organizations? How much more do you increase the rent since this is a shorter term?

Thanks in advance for your attention.

[Kim Meredith Hampton]

We have done many over the years with insurance companies, and always ends up being longer than they had anticipated. In addition, the rent is increased because of the shorter and flexible consideration of the lease agreement. Also a good idea to make sure you can do short term leases in your area/subdivision or municipality.  I also make sure that the tenants are on the lease, we run credit and criminal and not just the agency