What are the pros and cons of renting a property to an organization?
@Precious Thompson It would depend on the type of organization you are talking about. Are they a well established organization? Whatever the situation, you want to not let the message of the organization play into the business end of what you are doing, and that is managing your investment property. Look at their financials, credit, references, etc., and make your decisions. If they have none, ask for personal guarantees. Good luck!
biggerpockets podcast 110 w Glen Mc Crorey "eliminating the hassle factor as a landlord" He has nothing but GREAT things to say about it!
There is nothing different from renting to an organization than a "peronsal" tenant other than a organization is consider more stable "typically". Your job as a landlord is simply to confirm they are going to be able to be good for the rent, and you have something to go after if they aren't.
Think of it as the same way companies are rented for bonds. The higher the rating the better the company. If it is a brand new company or one that is not personally guaranteeing they will pay the liens. I wouldn' be as inclined to rent.
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you
Join the Largest Real Estate Investing Community
Basic membership is free, forever.