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108
Posts
27
Votes
Edward R.
  • Real Estate Investor
  • La Fayette, NY
27
Votes |
108
Posts

Renting to Fire displaced people & Insurance PAYS 6 months above

Edward R.
  • Real Estate Investor
  • La Fayette, NY
Posted

Wow.!  Just listed my really nice flip here in the suburbs and having some offer activity.  THEN a  real estate company in  NYC (6 hours away) emails me.  offers me $500 above my $2100 rental listing (I put up for sale and also rental).  I emailed him back and he stated a house fire, 60 year old couple, small dog and cat.  I looked up the fire dept and verified the house fire just happened yesterday and had massive damage on home.  That email also stated lease would be for 6 months guarantee with 30 day notice of vacancy and would want 1-month extensions if needed.  also, stated payment is guaranteed as it is paid directly by the insurance company.

Has anyone dealt with this before? how does that all work?  pros cons?  The house fire is in the same neighborhood too, well one over.

My wifes cousin is from north of NYC and they started doing a business where they furnish a place for victims of burned out homes.  So I'm guess this is something similar?

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