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Updated 10 months ago, 03/02/2024
Should I be hesitant to give Corporate Housing long-term leases?
Hi. I recently acquired a townhome in Asheville, NC that I'm operating as a furnished mid-term rental. I have been contacted by multiple corporate housing companies that would like to secure long-term leases and then operate it themselves. Having a long-term lease at mid-term rates and not having to worry about keeping it booked, cleaned, or maintained sounds good. However, I'm a bit hesitant to allow this, as I won't have control over who is occupying the property or how well it is being maintained.
Does anyone have experience with these arrangements? Am I right to be hesitant?
I would appreciate anyone's perspective on this.
Thanks,
~ Troy