Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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.
Real Estate Deal Analysis & Advice
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 almost 9 years ago,

User Stats

125
Posts
37
Votes
Erin K.
  • Professional
  • Loudonville, OH
37
Votes |
125
Posts

Interesting rental niche

Erin K.
  • Professional
  • Loudonville, OH
Posted

We have operated a VRBO home here in our little touristy area for about 7 years. Decided with all we have going on with work, other rentals, etc. to close the VRBO this month and turn it into a regular residential SFR. It is fully furnished and I didn't really want to take time to sell everything right now, so threw out a listing on Craigslist for a fully-furnished home for rent figuring it was a long shot. 2 weeks later, got an email from a family that just had a house fire and need to rent somewhere for 6-12 months while they rebuild. Insurance company is paying me directly for the rent, and paying over twice the going monthly rate for what this house would normally rent for in this area. From the ins co's standpoint, they would have to pay for rental of a house full of furnishings (tv's, beds, couches, etc.) if this family went into a typical, non-furnished home, so it is a good deal for them, too. It turns out that there are companies out there that just work for ins co's helping find transitional housing in these situations. Their websites have a place for landlords to register. We live in such a small town that this wouldn't be a regular niche for us, but I can see how for more populated areas, this might be a great fit for some landlords. Just thought I would throw it out there in case this might be something that would be a good fit for some of you, but something you maybe haven't heard of before. Hope this is helpful for someone on here, as I really appreciate all the info I have gathered in my lurking here for a long time!

Loading replies...