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8
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5
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Grant Gibney
  • Rental Property Investor
  • Cedar Rapids, IA
5
Votes |
8
Posts

Rent Premiums + In-home Business

Grant Gibney
  • Rental Property Investor
  • Cedar Rapids, IA
Posted

Hey All,

I was wondering if anyone could give me some insight on renting to tenants who would be running a business out of a rental and charging rent premiums. 

I have been approached by a number of companies who provide housing solutions for individuals with special needs and think it could be a fulfilling partnership, but want to make sure I am mitigating risk and protecting myself. 

I do see risk in allowing a tenant to run any kind of business out of the home, but am curious if there is a premium amount that would mitigate some of that risk. Has anyone worked with one of these businesses or something similar? Are they worth the additional risk? What kind of premium did you charge, if any? 

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