Company leasing?
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Company leasing? (by DonV [OH]) May 23, 2023 9:37 AM
       Company leasing? (by plenty [MO]) May 23, 2023 10:06 AM
       Company leasing? (by Oregon Woodsmoke [ID]) May 23, 2023 10:13 AM
       Company leasing? (by Larry [MN]) May 23, 2023 10:24 AM
       Company leasing? (by S i d [MO]) May 23, 2023 10:43 AM
       Company leasing? (by MikeA [TX]) May 23, 2023 11:02 AM
       Company leasing? (by Vee [OH]) May 23, 2023 11:43 AM
       Company leasing? (by Deanna [TX]) May 23, 2023 1:15 PM
       Company leasing? (by Jim in O C [CA]) May 23, 2023 1:25 PM
       Company leasing? (by plenty [MO]) May 23, 2023 1:55 PM
       Company leasing? (by #22 [MO]) May 24, 2023 12:39 AM
       Company leasing? (by DonV [OH]) May 24, 2023 6:55 AM

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Company leasing? (by DonV [OH]) Posted on: May 23, 2023 9:37 AM
Message:

I have a group of construction guys that want to lease a house from me. They want their company to sign the lease and pay for it. I do not see a reason not to, do you?

--74.81.xxx.xx




Company leasing? (by plenty [MO]) Posted on: May 23, 2023 10:06 AM
Message:

Can you raise the rent and include a weekly housekeeping service to keep the kitchen and bathroom clean? --172.58.xx.xx




Company leasing? (by Oregon Woodsmoke [ID]) Posted on: May 23, 2023 10:13 AM
Message:

"they want"? Does their employer want?

I wouldn't want a bunch of construction guys living in one of my houses. Are you going to limit the number, or will it be the entire crew?

I suggest a huge security deposit because you will be getting your place back with long term ground-in dirt. --76.178.xxx.xxx




Company leasing? (by Larry [MN]) Posted on: May 23, 2023 10:24 AM
Message:

I know someone who rented to a corporation for tech workers who were working on a long term project. Cheaper than putting them up in hotel rooms.

After many months it was obvious no one was staying there. The project must have ended. However, the rent continued to be paid for a year or two. Easy money. --68.46.xx.xxx




Company leasing? (by S i d [MO]) Posted on: May 23, 2023 10:43 AM
Message:

It can work, but be wary. These kinds of deals sometimes end up with a trashed house, upset neighbors, and the construction company fails to pay and disappears.

So I would screen the company OWNER(S) as well as the actual occupants. The owner(s) sign for the company and also personal liability. All the occupants also sign. I want every person who has anything to do with the deal on the lease and jointly and severally liable for everything.

If you propose that idea and they disappear, then there's your sign that you made the right decision.

Be sure this doesn't run afoul of your municipality's occupancy laws. Some cities say on X-number of non-related people can live in the same housing unit.

Keep in mind too this is probably only for several months to a year, so you're all but guaranteeing yourself a quick turn over. That's a hassle, so be sure to charge extra for it. I generally try to keep tenants at least 2 years, because short turn overs eat up my profits and my freedom.

--184.4.xx.xxx




Company leasing? (by MikeA [TX]) Posted on: May 23, 2023 11:02 AM
Message:

Expect to get it back filthy.

Any carpets will likely have grease and oil spots and all floors will have ground in muck.

The construction company will likely have a performance bond, it may cover this contract as well. I would ask and ask for a copy of it.

There will be at least one vehicle for each member living in the house, there might even be a couple of extra that are the company trucks.

They will spend a fair amount of time out back grilling and drinking.

I would tell them because of the additional wear and tear from a large group, rent will be a little higher. --74.194.xxx.xxx




Company leasing? (by Vee [OH]) Posted on: May 23, 2023 11:43 AM
Message:

Is the unit furnished? Air-BNB rates are over 5 times the periodic monthly rental rates, we wetmop at least 3 times a month and turn animals over to the city for adoption, game cameras in front and rear yard to offer over sight, Just have to get the company on board for how long is this project? --184.59.xxx.xx




Company leasing? (by Deanna [TX]) Posted on: May 23, 2023 1:15 PM
Message:

I rent to windfarm guys all the time. Expect to have to wash walls and doors when they're done-- handprints everywhere.

Consider bumping up the price to include the yard care. Also consider bumping up the price to include a weekly cleaning lady, so that you don't have to tackle all-the-accumulated-grime at once when they're gone.

Figure out what's expected-- fully furnished vs partially furnished vs totally empty. If you're doing fully or partially furnished, figure out what your plans are afterwards for the items that you have to acquire, but you won't need for more traditional tenants afterwards. Also build in the costs of acquiring those items.

Figure out the length of their stay. For example, I had some contractors who were interested in putting in a bid on the new high school building, so their lease with me was part of their expenses-- and they had no reason to stay in town once the school was built. But that's going to be different from a company that's decided on having a permanent foothold in an area that goes beyond the scope of a single project. Not that it ultimately makes a difference, but it gives you an idea of what to expect, especially if you have significant expenditures on your end. --137.118.xx.xxx




Company leasing? (by Jim in O C [CA]) Posted on: May 23, 2023 1:25 PM
Message:

I have never done this type of rental but I think the minusís outweigh the pluses. This situation is better suited to a hotel-motel with daily room cleaning. --99.23.xxx.x




Company leasing? (by plenty [MO]) Posted on: May 23, 2023 1:55 PM
Message:

is there parking for all these THEY's ?

is this a difficult property to rent? if not I would not do this.

--172.58.xx.xxx




Company leasing? (by #22 [MO]) Posted on: May 24, 2023 12:39 AM
Message:

Get a personal guarantee/ add the company owner to the lease. Had a similar inquiry from a prospect like this recently... I sold the house tho --174.243.xx.xxx




Company leasing? (by DonV [OH]) Posted on: May 24, 2023 6:55 AM
Message:

Very good comments and ideas. Yes I am having a hard time renting it. It was college housing, so rough tenants are not the end of the world. It has all allure flooring so that helps. Some really good input thanks! --74.81.xxx.xx



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