Would you rent to a corporate relocation company?

[Aamir Ehsan]

Hi,

I’ve received interest from a corporate relocation company to rent my home for their insurance claim client. The company will pay the rent, but will not disclose which insurance company is paying their client’s alternate housing claim. They are requesting a month to month arrangement.

They also said since the company will pay the rent, I can’t run credit or background checks on the occupants.

What would you do?

[Scott Johnson]

Quote from @Aamir Ehsan:

Hi,

I’ve received interest from a corporate relocation company to rent my home for their insurance claim client. The company will pay the rent, but will not disclose which insurance company is paying their client’s alternate housing claim. They are requesting a month to month arrangement.

They also said since the company will pay the rent, I can’t run credit or background checks on the occupants.

What would you do?

 'Apologies, Mr. Company Relocation Person. Our Mid-Term Rentals are only available in increments of [whatever you want: 3, 6, 9 months etc]. We also require confirmation of income prior to renting.'

Cover your ***. Sounds sus to me, but if they sign a multi-month lease that you're conformable with and they show verifiable proof that you'll be paid, it may be a risk worth taking. Never operate in the shadows. There's far too much money to be made in the light. 

[Aamir Ehsan]

Quote from @Scott Johnson:

Quote from @Aamir Ehsan:

Hi,

I’ve received interest from a corporate relocation company to rent my home for their insurance claim client. The company will pay the rent, but will not disclose which insurance company is paying their client’s alternate housing claim. They are requesting a month to month arrangement.

They also said since the company will pay the rent, I can’t run credit or background checks on the occupants.

What would you do?

 'Apologies, Mr. Company Relocation Person. Our Mid-Term Rentals are only available in increments of [whatever you want: 3, 6, 9 months etc]. We also require confirmation of income prior to renting.'

Cover your ***. Sounds sus to me, but if they sign a multi-month lease that you're conformable with and they show verifiable proof that you'll be paid, it may be a risk worth taking. Never operate in the shadows. There's far too much money to be made in the light. 

Great reply, thanks. A related question is how do you check income and credit of a company? The company says they will pay every month, so naturally I’d like to run a check on their credit worthiness and financial soundness.

[Conner Olsen]

Quote from @Aamir Ehsan:

Quote from @Scott Johnson:

Quote from @Aamir Ehsan:

Hi,

I’ve received interest from a corporate relocation company to rent my home for their insurance claim client. The company will pay the rent, but will not disclose which insurance company is paying their client’s alternate housing claim. They are requesting a month to month arrangement.

They also said since the company will pay the rent, I can’t run credit or background checks on the occupants.

What would you do?

 'Apologies, Mr. Company Relocation Person. Our Mid-Term Rentals are only available in increments of [whatever you want: 3, 6, 9 months etc]. We also require confirmation of income prior to renting.'

Cover your ***. Sounds sus to me, but if they sign a multi-month lease that you're conformable with and they show verifiable proof that you'll be paid, it may be a risk worth taking. Never operate in the shadows. There's far too much money to be made in the light. 

Great reply, thanks. A related question is how do you check income and credit of a company? The company says they will pay every month, so naturally I’d like to run a check on their credit worthiness and financial soundness.

If you went forward with a company I'd require a higher deposit.

[Scott Johnson]

Quote from @Conner Olsen:

Quote from @Aamir Ehsan:

Quote from @Scott Johnson:

Quote from @Aamir Ehsan:

Hi,

I’ve received interest from a corporate relocation company to rent my home for their insurance claim client. The company will pay the rent, but will not disclose which insurance company is paying their client’s alternate housing claim. They are requesting a month to month arrangement.

They also said since the company will pay the rent, I can’t run credit or background checks on the occupants.

What would you do?

 'Apologies, Mr. Company Relocation Person. Our Mid-Term Rentals are only available in increments of [whatever you want: 3, 6, 9 months etc]. We also require confirmation of income prior to renting.'

Cover your ***. Sounds sus to me, but if they sign a multi-month lease that you're conformable with and they show verifiable proof that you'll be paid, it may be a risk worth taking. Never operate in the shadows. There's far too much money to be made in the light. 

Great reply, thanks. A related question is how do you check income and credit of a company? The company says they will pay every month, so naturally I’d like to run a check on their credit worthiness and financial soundness.

If you went forward with a company I'd require a higher deposit.

 Not sure how you'd check 'credit' per sé, but you can ask for references for sure. 

[Adam Martin]

I've rented to ALE solutions who specializes in insurance claims.  They originally asked for a 3 month and I told them I won't do under 6 months and then M2M after that.  They agreed and the tenant was only there for 5 but they paid for it.  I charged an extra 600/month so it seemed like a great deal.  I wouldn't however do it again most likely and if I did it would be in the off season.  We are in prime rental season here at least and I'd not be looking to rent to a shorter term tenant and put myself possibly looking in the holiday season.  That said they allowed and encouraged me to screen the client and they were responsible for their own deposit.  It was a great deal for me however I'm just not wanting to have that much turnover.  I thought they may have more demand and thought this could be a great niche but that was not the case.  

[Allen Duan]

That sounds pretty typical to how temp housing agencies work. We take bookings like these all the times. Doesn’t sound suspicious to me.

[Max Guerrero]

I've done a couple of insurance claim temp housing leases through ALE. Not the best experience although they paid well over my going rates for FF. Overall, their process seemed very cumbersome and bureaucratic. They mail you the rent and deposit and you have to mail it back.