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Updated over 9 years ago on . Most recent reply

User Stats

164
Posts
55
Votes
Mike Palmer
  • Utah
55
Votes |
164
Posts

Anyone tried a short term rental between tenants?

Mike Palmer
  • Utah
Posted

I have a situation where tenants are moving out and the new tenants are not moving in for about 3 weeks. I had an applicant that I would feel comfortable renting to but we offered it to someone else. She is relocating here for a new job and I just had a thought that rather than turn her away, what about offering her a short term rental for say 2 weeks? 

It would basically just be a place to sleep while she started her new job and found a permanent place to live, but would cover the income gap while waiting for the new tenants. If I gave her 2 weeks I would still have a few days/a week or so to clean the place and have it ready for the next tenant. Is this a good idea? Bad idea? Any thoughts? Would I use the same lease agreement I do for 'long term' tenants? Anything else I should consider?

Most Popular Reply

User Stats

141
Posts
44
Votes
Jeffery Griggs
  • Investor
  • Pelham, AL
44
Votes |
141
Posts
Jeffery Griggs
  • Investor
  • Pelham, AL
Replied

It seams like a lot of risk for little reward to me. What happens if you can't get the 2 week tenant out in time for the permanent tenant? 

The chance that something could go wrong and the cost of a second cleaning (time and/or money) for 1/2 months rent is not appealing to me  

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