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Mid-Term Rentals - Contracts and Guest Verification
Hi Bigger Pockets Community!
I am in the process of listing my duplex soon on Airbnb and other platforms. I am going for mid-term rentals and targeting travel nurses and other healthcare professionals as there are 2 hospitals--both within 1.5 miles from my property.
Do I need to have contracts in place for them to book my property? If so, should these be contracts signed electronically or in person?
Also, I am concerned about the possibility of squatters in the future, in case the guest doesn't actually check out at their designated check-out date. Do we need to have credit checks on these guests? What are some best ways to prevent the possibilities of squatters prior to the booking?
I would really appreciate any advice on this!
- Property Manager
- Los Angeles, CA
- 355
- Votes |
- 472
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You should definitely do background checks and have a lease like any other tenant. Doesn't matter if it's in person or electronic, just depends on your move in process if you want to be in person or contact less.
A good screening process will reduce your chance of squatters. If you primarily have travel nurses, you shouldn't have that problem since they are a very specific type of tenant. Your aren't just taking anyone who stumbles upon your listing.
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Property Manager
- Hospy Homes
- http://www.hospyhomes.com