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Updated almost 2 years ago on . Most recent reply

User Stats

20
Posts
5
Votes
Jill McCann
  • Investor
  • Norfolk, VA
5
Votes |
20
Posts

Renting to Displaced Family--insurance paying

Jill McCann
  • Investor
  • Norfolk, VA
Posted

I'm renting my home to a family displaced due to disaster and their insurance is covering the cost. Do I negotiate with the homeowner or insurance agent? I know the cap on ALE the family has through insurance and it's generous, but as we all know, there are many variables to when the resident's home will be repaired. Can anyone offer advice in this situation? The family anticipates being out a year, but I want to add about half that time as additional so am dividing their allowance by 18 to get a monthly price. Does that seem fair? 

What fees do I charge? I'm thinking:
Pet fee

Cleaning fee

Also considering rolling the following into the rental price: ongoing housekeeping, utilities, landscaping to make sure all of those are maintained. 

Thank you!

  • Jill McCann
  • Loading replies...