Charging Premium Rent

[Alex Helbig]

We just put our first rental property up on the market a week ago and are working on screening applicants. A relocation specialist reached out to see if we would be willing to house their client who were recently victims of a house fire. They need a place to stay for 4-6 months and the specialist is requesting we charge a premium on our rent. The insurance company will be paying the rent. The clients will still go through the application process as normal.

Our rent is $1,200 a month but we were thinking of charging $1,600 as the premium. Has anyone else ever worked with a relocation specialist or charged a premium for rent? Is there a general rule of thumb for how much to charge for a premium rent?  

[Tracy Streich]

@Alex Helbig We do this all the time.   The answer is as much as they will pay.    Start a little high and just ask.   "Can you do $1,750"   If they say know ask what they can do.   You can charge a higher deposit as well.   We have done this dozen's of times.   Never a problem.   Insurance pays for all the cleaning and repairs at the end as well.  Good Luck