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Updated over 1 year ago,
Pros/Cons to renting to a corporation
Hi there,
We had a REALTOR reach out to us hoping to place his clients in our rental home. The tenant(s) are employees of a big foreign company that we've all heard of. The agent tells us that the company will guarantee the tenants. They also want to pay more than asking and lock it in for 1.5 years with the option of extending at the same rate. (We are very much okay with the higher rate for five years if they'd ask.)
We will supply our ACH and W9 from our LLC to the company and they will pay us like a vendor.
What are the pros and cons of signing a lease this way? Sounds like the agent has done this before. (The agent is registered on NAR and checks out).
Thanks!
Lacey