Is it worth doing?? (by melinda [MD]) Feb 12, 2018 1:33 PM|
Is it worth doing?? (by Carolyn [MO]) Feb 12, 2018 2:54 PM
Is it worth doing?? (by Andrew, Canada [ON]) Feb 12, 2018 3:37 PM
Is it worth doing?? (by Johnny B. [MA]) Feb 12, 2018 3:57 PM
Is it worth doing?? (by LindaJ [NY]) Feb 12, 2018 4:31 PM
Is it worth doing?? (by NE [PA]) Feb 12, 2018 5:13 PM
Is it worth doing?? (by AllyM [NJ]) Feb 12, 2018 5:24 PM
Is it worth doing?? (by Vee [OH]) Feb 12, 2018 5:43 PM
Is it worth doing?? (by Gene [OH]) Feb 12, 2018 6:03 PM
Is it worth doing?? (by Frank [NJ]) Feb 12, 2018 6:36 PM
Is it worth doing?? (by Robert J [CA]) Feb 12, 2018 11:25 PM
Is it worth doing?? (by razorback_tim [AR]) Feb 13, 2018 5:12 AM
Is it worth doing?? (by Chris [CT]) Feb 13, 2018 5:28 PM
Is it worth doing?? (by melinda [MD]) Posted on: Feb 12, 2018 1:33 PM
A family from Europe is coming to our county to live for a year. They want to rent a fully furnished house with all utilities included. I could do this and am considering doing it. What should I look out for? I would be working through another realtor who I know who has contacted me to see if I would be interested. How much money should I get up front? They would not move in until April 1. So the house would be empty until then. More $$ lost. Thoughts?? --24.233.xxx.xx
Is it worth doing?? (by Carolyn [MO]) Posted on: Feb 12, 2018 2:54 PM
I wouldn't do it - unless the payment was very, very high. Providing all of the furniture and appliances and utilities would be very expensive. --136.33.xx.xx
Is it worth doing?? (by Andrew, Canada [ON]) Posted on: Feb 12, 2018 3:37 PM
I would not accept them.
I assume you dont have any credit ratings on the adults. Even if you did, would the ratings have any value in north america.
Obviously you can't talk to past or current landlord.
They have no ties here. If they owe you money, they can simply leave the country....hhow can will you collect from them.
You have never met them.
The real estate agent has no skin in the game...if these tenants cause you problems, the agent wont care......they just want a body in, so they can collect commissions.
And they want you to pay their utilities and they want you to hold it till april.
And you will likely have to pay commissions to the agent. I screen and rent my own places, find better tenants and pay no commissions.
What is in this for you?
I would pass. If you still havent rented it when they arrive, then MAYBE....but probably not. --65.94.xxx.xxx
Is it worth doing?? (by Johnny B. [MA]) Posted on: Feb 12, 2018 3:57 PM
Having to fully furnish the place when you know up front that they will only live there for a year is a big negative. Iíd pass. --24.147.xx.xxx
Is it worth doing?? (by LindaJ [NY]) Posted on: Feb 12, 2018 4:31 PM
I wouldn't do it. Too much to lose. Never include utilities. --96.236.xx.xx
Is it worth doing?? (by NE [PA]) Posted on: Feb 12, 2018 5:13 PM
NO WAY! If your realtor thinks its that good of a deal, tell her to sign the lease with them to be responsible for the rent as well.
Remember, Realtors are not your friends.
No way would I do this. --50.107.xxx.xxx
Is it worth doing?? (by AllyM [NJ]) Posted on: Feb 12, 2018 5:24 PM
All utilities included? No way. You can bet there is something wrong here. Someone needs heavy electricity use for something or plans to heat it to the temperature of thee Sahara desert. Run. Realtors are not to be trusted, ever. Local electrician told me he put in AC for a guy from Africa only on the first floor for his guests. Electrician points out that it's 85 degrees on the second floor. African guy says, oh I like it. It's perfect that way. They may be coming from Europe now but originally be from some desert or really hot location. --73.33.xxx.xxx
Is it worth doing?? (by Vee [OH]) Posted on: Feb 12, 2018 5:43 PM
Charge what motels or air-bnb does, yes it is much more than a periodic rental but you pay for the convenience of everything, if the house is sized like your own you know what the baseline is for triple what you pay, I am newly setting up 2 places with air-bnb and the triple is not what my competitors are charging. --76.188.xxx.xx
Is it worth doing?? (by Gene [OH]) Posted on: Feb 12, 2018 6:03 PM
I did a 1 year lease for a professor from Ireland with his wife and 4 children. I couldn't run a credit check, but I did validate the employment by getting a letter from the university. They paid on time and took real good care of the property.
I did not furnish the home. They had a great time finding the furnishings from university comrades, yard sales, thrift stores. Then when they left they sold or gave away everything. The had bought a vehicle and a camper and toured the US before they went back home. They then sold their vehicle and camper just before they left the US.
In a similar situation, I would rent the house to them again with no second thoughts. --99.165.xx.xxx
Is it worth doing?? (by Frank [NJ]) Posted on: Feb 12, 2018 6:36 PM
Coming thru a Realtor. NO WAY
Stay far away --70.208.xx.xxx
Is it worth doing?? (by Robert J [CA]) Posted on: Feb 12, 2018 11:25 PM
I had a family with 3 boys come to live in the country for a year and wanted to rent an upscale house of mine. They were being job transferred. It was a freight company that needed an experienced guy to run a new facility at an airport. So I asked his employer to guarantee the rent and that the property would be left in great condition.
I got a Corporate Guarantee. They tenant is still in the property, it's been 12 years.... They don't want to return to Europe.... Rent is always paid on time...But the 3 kids are hard on the rental... --47.156.xx.xx
Is it worth doing?? (by razorback_tim [AR]) Posted on: Feb 13, 2018 5:12 AM
If they are coming here for work and you can get a corporate guarantee it might be worth pursuing IF you can set an upper cap on a utility allowance and IF you would convert it to an Airbnb/corporate rental going forward. Otherwise I donít see how you recoup the expense of the furnishings, not to mention the hassle of setting everything up. It doesnít bother me that theyíre coming through a Realtor - Theyíre moving from another county - thatís kind of what I would expect.
FWIW, several years ago I rented a home for 1 year to a family from Europe. I didnít have to furnish or pay bills. It was a spec home and I figured I would sell it after they moved out. They stayed 30 months. I kept it as a rental unitl last year and sold it for 4x the profit I would have made if I had sold it as a spec. So if this is a nice home in a nice area this play could pay off long term if you can keep it occupied. --70.182.xx.xx
Is it worth doing?? (by Chris [CT]) Posted on: Feb 13, 2018 5:28 PM
Sure around here its not that uncommon. I get a lot of students on visa's from Saudi Arabia, India, and Dubai.
Charge for it, typically they are not footing the bill.