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Updated almost 2 years ago, 02/14/2023

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9
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0
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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?

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