Should I rent out my house to a corporate housing company or not?

[Sai Paladugula]

Hi guys please help with this. Its my first investment home. When I posted to rent my single family home in Zillow a guy pinged to check whether I consider Corporate lease? 

I asked him to provide few more details, he told me he own a corporate housing company for short term and vacational rentals. when I check for the company its been registered in sos.ca.gov in before 7 months. And he is asking for 12 month lease immediate move in.

I have few questions Please help me with it.

1. What is corporate lease? 

2. As landlord what I should consider? 

3. How I should proceed further? 

4. Can I ask for more rent or how to deal with it?

[Jesus Roman]

Hey @Sai Paladugula! I would first do research about his other corporate listings. Basically what these corporate lease do is they will furnish your home and generally put it on a short term rental platform like Airbnb. From a landlord perspective here are a few things you can gain from renting it to him. They will pay rent on time, they will take care of repairs, and if the day you want to sell the home you can actually sell the home on a premium because your home generates additional money. If you feel comfortable with moving forward with him, I would suggest to make the contract with the condition that you can break the lease at anytime given things get out of hands. Of course you can ask for more rent! They are going to be making a buck of your property might as well ask for additional rent. I would even go as far as asking for additional deposit. Hope this sheds some light!