I Received a Message From Corporate Housing for My Rental Unit

[Thomas O'Donnell]

Hello all,

I recently received a message from a corporate housing company for my vacant rental unit. The message reads as followed

"Hi, My name is Zach, and I run a corporate housing company called Zillycon Capital. We have been in business for 5 years and are becoming the premier name in corporate leasing. We are seeking high quality vacant units to rent to our corporate travelers (stays of 90 days or less). If your unit qualifies, we can sign 1-4 year leases for your property or as many units as you have available. With Zillycon, you get the highest quality tenants, free property management, which includes weekly cleaning/minor maintenance, and a host of security features. I'd love to continue this conversation and see if we are a good fit. Looking forward to hearing back. Zach https://zillyconrentals.com/ho... zillyconrentals.com Home | Zillycon Rentals"

However, I am not sure if this is legit or how it truly works. It seems like its basically a medium term rental arbitrage situation. How should I go about this? I'm currently having trouble getting my unit rented, but it also is completely unfurnished making it hard to do medium-term. Should I entertain this idea at all? If so, why? If not, why not? Thanks! (P.S. I live about a mile from Children's Hospital)

[Dale K Poyser]

I like the part where they say "if your unit qualifies" which makes me think this is a mass email sent out to a list. There is a chance once you actually respond they will vet your property and decide not to proceed. 

The 1-4 yr lease sounds like an arbitrage situation for sure. Especially if they made it clear they plan to do MTR. 

You could do it yourself but furnishing can cost money which you might not want to spend.  u could shop for deals but ultimately that's money out of  pocket.

They seem pretty clear in their intentions. Usually they would be responsible for furnishing the unit after they sign the LTR lease. It doesn't hurt to reply and let them pitch to you. if numbers work then go for it. If they don't work then you're back in the position you're in now.

Also, I agree with the previous comment you should review and understand the contract.