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Updated almost 3 years ago on . Most recent reply

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29
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Steve Tom
  • Round Rock, TX
6
Votes |
29
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Contact by Corporate Housing Investor..?

Steve Tom
  • Round Rock, TX
Posted

So today someone claimed to be owner of a corporate housing that lease house in AZ and TX just contacted me me. He is interested in leasing the house for his clients. The clients will be staying between 20 to 30 days, but the lease will be one to two years. He claimed his company will perform property management task - weekly deep clean and minor maintenance.

Has anyone gotten a request like this before? Are these people legit? His Zillow account name does not matches his name and has not been providing any information such as real name, company name. location.. etc.

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1,388
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Adam Martin
  • Rental Property Investor
1,541
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1,388
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Adam Martin
  • Rental Property Investor
Replied

Look up rental arbitrage that’s all this is but he has cleaned up the name to call it corporate housing.  Same thing where he is banking he can rent it for more than he is paying you and can pocket the difference.  I personally wouldn’t do it but if you do be sure to research his company diligently and I’d also require a personal guarantee.  This is often seen as a get rich scheme using other people’s money with minimal skin in the game.  

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