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Updated over 4 years ago on . Most recent reply

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Kali V.
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6
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Leasing a property to a couple who are displaced-Insurance claim

Kali V.
Posted

I have a couple who are interested in renting my property for short term. They are really nice and awesome.

They are currently displaced because there is a tree fall in their house and insurance is currently working with them get it fixed. THD (Temporary Housing Directory, Inc) reached out to me working as a coordinator on behalf of them. I have never dealt with this kind of situation and wondering if any of you have any suggestions. I have other rental properties, and usually rents with standard application process, background/credit checks and if they check out with 3x Gross salary, and good scores, then I usually rent it out. 


Let me know what do you guys usually follow or , what to ask for ? Does the standard application process and smartmove check work or, should we deal with THD or insurance company ?


Thanks

Most Popular Reply

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282
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117
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Andrew S.
  • Rental Property Investor
  • Helena, MT
117
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282
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Andrew S.
  • Rental Property Investor
  • Helena, MT
Replied

I'd rent it to them per a normal application process. Have them pay you rent, not the insurance company. Have them on the lease, not the insurance company, etc. I'd raise rent rates for a short term lease to help cover vacancy costs. 

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