Newbie Intro & Company Wants to Rent My House - Too Risky?

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The sorter term (and higher price) is a good idea. On the eviction - in this case, have set criteria but put as much on the company as you can. Their employee should be theirs to manage any headaches and them to pursue if there is damage or other costs.

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Just have an honest discussion with them. If they want to use it as corporate housing, you can likely charge more in rent which should offset any concerns

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Sounds like a corporate rental. I was approached by a US company that places traveling nurses to rent one of our units as a corporate unit. The owner and I discussed it, and decided not to do it. The reason was, that we wanted complete control of who our tenants were. If you rent to a corporation, you give up a lot of control over what happens in your unit.Since you are new, I really would advise against doing this. We were seasoned and decided it wasn't worth the risk.Later on down the line, when you have more experience, you may decide to try out corporate housing, but I think you're right to question this particular corporation, too.At minimum, you should also consider that you can't easily sue a corporation -as you can't sue them in small claims court, from what I understand. So, if you had to sue them, you'd have to hire a lawyer to sue them in Superior Court, or whatever the equivalent would be for non-small-claims-court is for where your property is.

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Following back up on this - thank you to everyone for the advice. Truly appreciated.I decided against the corporate rental as I felt like doing this from afar just wasn't smart for me. I talked to the owner who decided he would like to rent it personally and we were moving through the final stages of the process and now he has gone dark on me. I think it may be for the best! Now just fingers crossed for a good applicant in this next round.Thanks again everyone!

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Thanks for the great replies everyone! A few comments after thinking through all of your suggestions:- I am going to try and have an honest conversation with them. I am using a local property management company (that I have had good experience with) to find the tenants and to manage the showing/screening process for me before they hand it back over to me to manage. Charging a higher rent is definitely something I will pursue. Any advice on what % more I should target?- I have a dependable local handy man that will check on the property and I go there about twice a year. My lease has a quarterly inspection clause in it. - I love the short term lease idea with the automatic renewal idea… I had not thought of that idea!- Assuming they would be dependable and good tenants, my only hesitation with the company Airbnb idea is that the neighbors may not be very enthusiastic about it. There is a HOA for the neighborhood and they are a bit of a watchdog to say the least. Although it isn't against any of the HOA rules I also don't want to become 'that house' in the neighborhood if I have another option.- Question - if an eviction process were needed for some reason, how does that work in evicting a Corporate renter that isn't physically in the property? Do I ensure that each resident is on the lease and not the corporation? And then the eviction is just on that tenant? I have zero experience with evictions.If all else checks out, I may pursue the short term lease with automatic renewal idea and tighten up my lease language as much as possible to guard against whatever situations I can think of. Thanks for any other feedback you can think of!

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Does it matter to you, if they keep it well, and pay you more than the market price???Essentially it is a company Airbnb, as long as you charge them a higher rent, why do you worry??

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@Jennifer C. Give them a short term lease, one that self renews say 3-6 months. Then you can either allow the lease to renew, not renew the lease, go month to month, do another longer lease. There's lots of options with that. I would also look hard at the rent. make sure your getting paid for your efforts here. maybe even start out a little high. who know they may put a single hard working person in there that is the worlds cleanest tenant, pay the rent on time and be a good long term tenant. RR

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I agree with Russell — I would try to talk to them on the phone (if possible) and find out how long the average length of stay per person would be. And adjust the price accordingly. Month-to-month rates are significantly higher. They probably have an office in the US and send their employees on (hopefully) long term business trips.On the other note I would do as much researching on the company as I could given that the person staying at your house is a foreigner with no credit history. You also probably won't be able to verify their criminal record or do any kind of background search... And being 600 mi away from the property may give you quite a bit of anxiety!

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@Jennifer C. Do you have anyone local that can check on the property after the new tenant moves in?