Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 2 years ago on . Most recent reply

User Stats

9
Posts
0
Votes
Kevin L.
  • Atlanta, GA
0
Votes |
9
Posts

Leasing to Insurance Customer

Kevin L.
  • Atlanta, GA
Posted

I have a property that until recently was rented long-term.  When the tenant of 8 yrs vacated I freshened up the place and now plan to lease part of the year short-term and the other part I'm hoping to get a 5 to 7 mth lease.  The property is located in a college town where I hope to rent on football game weekends (and use for my family once in a while).  A company found my listing who places displaced homeowners whose home suffered an insured loss and who have a need for temp housing.  

My question, how much above normal (annual) rent should be charged for a short-term month-to-month lease?  The home would normally rent for $2,500 per month on a year lease.    I was thinking 50% above - $3,750?  I was also thinking of structuring a declining rent schedule.  $4,500 month 1, $4,000 month 2, $3,500 thereafter.  Anyone been in this situation and have advice?

Loading replies...