Corporate Tenant Using Single Family Home for 8 Employees

[Michael Butler]

Hi!

My wife and I are renting out our single family, 3 bed/2.5 bath ($2200/month) home in St Louis, MO in a historic neighborhood (Benton Park) as we move to a new home that we are rehabbing while living in. We are accepting applications currrently for a 1 year lease. One applicant is an employee of a small corporation where the owner of the company would be the name on the lease but the people using the property would be about 8 employees (we could probably get their names if we wanted to). Currently, those employees periodically pay for hotel rooms in STL, so this rental is their attempt to reduce the company’s costs of stay while it’s employees are in STL. I believe they typically have a few employees in the area for several days per week. Ie, not all employees are here all the time. 

Has anyone run into something like this before?  Should we put all employees’ names on the lease? Increase the monthly rent? Increase the security deposit? Decline the application? We have one other applicant who is so-so (615 credit score as she is recovering from a divorce, 4 daughters - oldest in high school, a boyfriend who is there 2 weekends per month (name not on the lease), 2 dogs. I talked to the current landlord who said she always paid on time and seemed to be on top of things)  

My biggest concern is that the people staying here will not treat the place as though it was theirs. We were thinking of monthly walk through’s or mandatory housekeeping. Sorry if this is too complex to answer in text form.