Screening process for organizations interested in rentals

[Bryan Drury]

Hello BP,

I have a sports organization that is interested in renting a SFH from us to house some of their players in.These are semi- professional players in the 25-30yr old range.The organization will pay for rent,utilities,security deposit, and damages.We have a system in place to screen ordinary applicants but not this situation.I'm thinking about what I need to do to thoroughly check this opportunity out. I'm thinking it's similar to college student housing in some ways but a little different.Not sure how to vet the organization,players,and situation.Players may be rotating thru housing as some will be permanent and some temporary.Any advice would be appreciated. Thank you. Bryan

[Curtis Bidwell]

@Bryan Drury I rent 2 of my units to Community Youth Services, they in turn rent to youth at risk and rotate them anywhere from about 3 months to a year.  I get full market plus for these units.  

Start by googling the organization and learning what you can.  Next go to the Secretary of State and check their business license, incorporation date and if they are current.  I have a business entity application that gets this info, plus the corporate officers info.  Get a resolution or meeting minutes that allows for renting your space.

In my case I run an application on each resident and then go over a set of rules and other disclosures when they move in.  CYS covers any damages as they occur.  I also reserve the right to deny any possible tenant and remove them if needed.  Overall It's been a great relationship.  

Also, Be sure to do a very thorough move in inspection including detailed pictures and/or video.