MTR and ALE

[Eliu Rosario]

Hello all, 

I have a home in Hudson Valley, NY. I have my property listed on Zillow, Airbnb, and Furnished Finders and have been contacted by ALE twice.  I have submitted the screening questions and set my rental at $5,800 per month with one month of security.  In the second request from ALE, I set my rental to $8,000 due to family size and taking into account that summer days will consume more electricity.

In both instances, the family "found another home".  I am not sure if the price is a factor in not getting the contract or other factors.  

Factors I take into account in pricing my rental. (besides covering my mortgage, utilities, and maintenance)

1. Very low inventory of furnished homes at the time of request.

2. Season (summer)

3. Family size

I am not sure if I am missing anything.  I expressed that my goal is to build a relationship with the relocation specialist and ALE. 

Thank you all for your input in advance. 

Eliu

Included are some pictures of the place. 

[Jamie Banks]

Congrats on getting contacted by ALE. I took a course hosted by Dr. Rachel Gainsbrugh who specializes in working with insurance companies. She shared that there are calculations behind what the insurance companies will pay. There are several factors included in the family's decision: 1. If the property is comparable to their current home. ALE finds a home with X number of bedrooms in a certain area but it's ultimately up to the family which home they feel most comfortable in. 2. Security deposit plays a huge factor. The security deposit is paid by the family not the insurance company. The family is likely in a crisis and may not have a few thousand dollars to spend on an unexpected security deposit. Consider lowering your security deposit to make it more affordable for families. 

Have you tried asking the ALE Solutions relocation specialist for feedback on why the family went with another property? I've done that a few times and was told my property was too small for the family as it was a 2 BR and the family currently had a 3 BR. It took some following up to get a reply but I would give it a try if you haven't already!