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Updated about 8 years ago on . Most recent reply

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123
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Stephanie Hardy
  • Las Vegas, NV
34
Votes |
123
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Rent to a gold company?

Stephanie Hardy
  • Las Vegas, NV
Posted

We have a SFH 5bd, 3 ba with pool home in Las Vegas. We have a gold company (NewCastle Gold) wanting to rent our house for a year, at least. From their website, it seems they've been in business since at least 2013 and have 2 other projects going on at other places, so not brand new. There will be between 3-6 of the same people in the house at most times and they are willing to pay a year of rent up front since we've been hesitant about the situation. The company would be the ones paying the rent, not the tenants. I still want to do background criminal checks, but they don't want credit reports ran, which I figure isn't really needed anyways since the individuals aren't paying the rent.

Would you rent to them? What red flags should we look for? How would you change the lease from a single family to a company?

This is our 2nd rental home and 2nd tenant to ever rent to, so we are still pretty new to the game. Thanks for any advice given.

Most Popular Reply

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1,777
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371
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Robert Adams
  • Real Estate Broker
  • Henderson, NV
371
Votes |
1,777
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Robert Adams
  • Real Estate Broker
  • Henderson, NV
Replied

@Phillip Dwyer I agree in Vegas there are so many time waster tenants you start to look for those red flags as early as possible as to not waste your time as well as your owner's time. 

  • Robert Adams
  • 702-349-9175
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The Adams Team at Rothwell Gornt Companies
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