Renting to Fire displaced people & Insurance PAYS 6 months above

[Edward R.]

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?

[Edward R.]

Wow.  Just spoke with relocation agent.  She stated the insurance would now be willing to pay $2800 per month, including a one time pet fee of $1400 and a full security deposit.  Also guaranteed now for 8 months and likely renewed for one year.  professional movers move in and out plus a cleaning company afterwards.  Insurance company covers any damages that exceed the deposit.  THis kind of sound like a no brainer. Showing the property tomorrow to the couple.  no reason not to like it unless it's functionally not suitable.  It's fully remodeled, (gutted) new kitchen and bath.  only neg may be the W&D are in the finished downstairs basement (ranch house)  I'm all excited now!