Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
California Real Estate Q&A Discussion Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply

User Stats

13
Posts
4
Votes
Sanjay Sinha
4
Votes |
13
Posts

Short term rentals during these Covid times?

Sanjay Sinha
Posted

I had recently bought a home in the San Jose area with the intent of demolishing it and building a new house there. During the time taken to get the permits, roughly 9 months ( May 2021), I was planning to rent out the house. But given these Covid times when eviction is tough, should I even risk it? I will be losing out on some $20,000 in rent. What precautions should I take to minimize my risk? If I were to rent it out, how best to rent it out for such short periods of time?

Also the sellers of the house are currently occupying the house as they had asked for 2 months of rent-back as part of the sale. They are interested in renting it for longer. Is there any additional risk of renting it to them longer? The seller had been to jail some 20 years ago and so he does make me a little suspicious. But another thought process if that if he refuses to vacate later, he might refuse to vacate now too. So in some ways I don't see any additional risk. Any opinions?

Loading replies...