Renting a property and running a short-term rental

[Gretchen P.]

We own several properties, and live an hour away from them. Recently we have had several prospective tenants set up an appointment to see the property, look the property over, THEN ask about running a short-term rental from our property. We have started stating in ads that we will not allow this, but that hasn't stopped some of them.

If this is your real estate strategy don't be rude, let the landlord know ahead of time that this is your plan, so they don't waste time showing it, some people might be willing to do this, it isn't workable for us. Trust me, you will not do well in any real estate endeavor if you don't respect other people's time and approach situations honestly. 

[John Underwood]

Originally posted by @Gretchen P.:

@JohnUnderwood, how does any of what you say address my post? Be upfront and state what you are doing to the property owner before dragging them to a showing. 

My properties don't work in this scenario, they are mostly a house and cottage on the same lot with a long-term tenant in the other house, and I won't allow people without background checks to rent, period. It is thoughtless and rude not to disclose your plan prior to a showing, unless it is an open house situation.

I don't have time to go into refuting your assertion that the owner holds all the cards, but there are downsides. I am not saying it isn't a workable proposition for some owners but it would be a two-way street. 

Just saying there are options. You did post to the Short Term Rental forum.

Yes it is a waste of your time for people to have different intentions that what you want.

I would try funneling everyone to an open house instead of wasting your time showing to one person at a time regardless of their intentions.

Hopefully this is more helpful to your situation.