Investor · Los Angeles, CA · Member since 2015 · 27 posts · 8 votes
I searched the forum and haven't found much.
I got a call from ALE Solutions to rent out my house for a displaced family who had water damage to their house for 3 months, 800 above the rent I am asking for. They have a huge family of 5 adults and 4 kids + 1 small dog. Should I even consider it? Anything I need to know? Thanks for your input.
Rental Property Investor · Hollywood, FL · Member since 2015 · 74 posts · 38 votes
11y
I've seen mixed reviews. Nothing definitive for me. $2,400 for 3 months on top of normal rent sounds good though.
A few questions...
did they own the house or rent? I ask that because it could have been renters insurance that kicked in for them. If that's the case and they're renters not owners, they could stay longer than their insurance covers.
What happens after 3 months? Is ALE Solutions still responsible if they don't move?
Can you directly screen these "5" adults yourself?
ALE Solutions may or may not be a stand up company, but what about the family. It's not unheard of for people to scam insurance companies by causing damage. If this is the case you could be the next target after your 3 months are up.
Of course I'm playing devils advocate. I would probably rent to them myself, but I would need to get clarification first...IN WRITING.
If you decide to rent to them, let us know how it turns out 3 months from now.
Rental Property Investor · Hollywood, FL · Member since 2015 · 74 posts · 38 votes
11y
I've seen mixed reviews. Nothing definitive for me. $2,400 for 3 months on top of normal rent sounds good though.
A few questions...
did they own the house or rent? I ask that because it could have been renters insurance that kicked in for them. If that's the case and they're renters not owners, they could stay longer than their insurance covers.
What happens after 3 months? Is ALE Solutions still responsible if they don't move?
Can you directly screen these "5" adults yourself?
ALE Solutions may or may not be a stand up company, but what about the family. It's not unheard of for people to scam insurance companies by causing damage. If this is the case you could be the next target after your 3 months are up.
Of course I'm playing devils advocate. I would probably rent to them myself, but I would need to get clarification first...IN WRITING.
If you decide to rent to them, let us know how it turns out 3 months from now.
Stockton, CA · Member since 2017 · 5 posts · 0 votes
9y
Wanted to revive this thread as I was also contacted by ALE Solutions. Similar circumstances. Rent significantly over asking for a short term (9 month) tenant that had fire damage. Has anyone dealt with ALE recently?
just reviving this as it appears that no LL are coming back to make a feedback here.... recently got contacted by ALE and wanting to pay a premium of $300 per month over asking... in any case is there any landlords who encountered damages that were more than the security deposit and if ALE paid for it or did you have to go after the tenant?
how did you sign your contract with the ALE brokered Lease? did you have them as guarantor and the people that were being placed as Tenants?
Sandy Hook, CT · Member since 2018 · 15 posts · 7 votes
7y
Reviving an old thread here, I just accepted an ALE contract. Mine was for 2 months (optional month to month w/ 30day notice to vacate) at a premium of $800 above market value. They also offered a $500 non-refundable pet deposit. The tenant had fire damage and was in a 6month lease but needed to extend and his current landlord took a 12month lease instead, so i decided to house him for 2 months till his house was repaired (fire damage). So far, ALE has been a treat to work with. They overnighted the funds and have been super responsive. They hired professional movers who move rental furniture for the tenant as his is ruined. The movers were so unprofessional and scratched 2 different walls and 2 different ceilings. I'm waiting to hear back on this, but this was just noticed. The lease is in the tenant's name, but the money is real and comes from ALE. ALE encouraged me to do my own background check and didn't apply any pressure to accept the contract. I did my own background check and even met the tenant when showing the apt. Nothing to complain about yet, but it's only week 2. I'll update everyone if my feelings for ALE change.
@Justin Swann how did it go? I just received an email from ALE about a rental property of mine, unsure if I'll follow up with them or not.
Hey Kevin, I have nothing but great things to say about my situation. The original lease was for 2 months, but we are now entering month 4 which is awesome as we're getting $800 over market rent given the short term lease. The rent check comes from ALE and shows up a few days early and deposits without any issues. MAKE SURE YOU DO A NORMAL BACKGROUND CHECK. Some tenants may not be respectful as it's not their money, but our tenant is great. He keeps getting extended as there is a battle with his insurance company for funds to pay his contractor. The place is professionally furnished so it shows really well (assuming it's clean) for prospective tenants.
Lake Jackson, TX · Member since 2017 · 4 posts · 0 votes
7y
We rented to them post Harvey; 100% positive. I would rent to them again. We too got way above asking rent. They do a lease between you and ALE but add the option if the tenant needs to stay additional months they have that option but the tenant will then be paying the rent. That being said the tenant is required to notify you in writing 30 days prior.
During the term of the lease, all rents come directly from ALE, always on time. The deposit comes from ALE too. Our renter stayed an extra year. The deposit stays in place all that time even though the original lease has expired. At the end of occupation, we still were able to deduct fees from the deposit with receipts provided. For us, it was a worry free experience-don’t hesitate!
Rental Property Investor · Clinton, TN · Member since 2018 · 39 posts · 28 votes
7y
I just wanted to update this thread with my current negotiations with ALE. They are in fact legitimate and I will be meeting the displaced family tomorrow to tour one of our homes. I have verified that State Farm Insurance will be providing all payments via ALE Solutions. If the family decides that the home will work for them we will receive a $600 premium over our listed price and they will be paying a higher pet deposit as well. I also negotiated 3 months pre paid rent. Our lease will be for 8 months and then month to month if needed after that.
I will provide an update if the family moves forward with our home.
Residential Landlord · Houlton , WI · Member since 2014 · 56 posts · 35 votes
7y
Eric Jones thanks for the recent post on ALE. I have had three calls from three different agents of ALE. looks like I’m negotiating for an 8 mo lease. 4 more months on month to month option to extend. Then must renegotiate a new lease term I told them. I wanted to avoid winter turn over and they seemed ok with that.
$500/ mo premium above my asking rent. Plus one Mo deposit. I’m also asking for renters insurance. One month deposit and written clarification of who will pay for damage and organize the repairs. One of the agents told me the story of how they were displaced and even a family pic. I looked it up. Appears to be a legit story.
Involved In Real Estate · Chicago, IL · Member since 2015 · 6 posts · 2 votes
7y
Hi,
I’ve personally rented out my investment townhome you ALE Solutions and never had a problem. I would highly suggest renting to them. Also, if the tenants pet is an issue for you keep in mind you’ll be receiving a security deposit from ALE so the damages will be covered
Rental Property Investor · Clinton, TN · Member since 2018 · 39 posts · 28 votes
7y
I have met the family and we are moving forward with ALE. They will be signing an 8 month lease tomorrow with an option for month to month if needed. ALE will provide the first payment to me 2 weeks prior to the move in date.
Rental Property Investor · San Clemente, CA · Member since 2019 · 160 posts · 34 votes
7y
@Neil Hauger can you expand on the lease negotiations with winter timing? I am considering a 6 month lease with option to extend for a property in Indiana which would put us in the dead of winter ...
Lake Jackson, TX · Member since 2017 · 4 posts · 0 votes
7y
We did this after Hurricane Harvey. It was 100% positive - do it! We were apprehensive too (see previous posts), but it was problem free, professional and easy. We had a 1 year lease with the option to go to month to month bc of the nature of the circumstance (so much construction in Houston at the time that things took a really long time). Ended up having the tenant for 2+ years. ALE paid rents on time so you never had to worry about that. The deposit was paid in full up front and you keep it the term of the lease just like you normally would. ***NOTE*** - our tenant actually damaged our front door. So we kept the deposit. All we had to do was provide receipts to ALE for the cost. That was it. They were always friendly and professional. Plus they paid WAY over our going rent at I would do it again in a heartbeat!
I tried ALE once and it was great. The rent was on time every month and they were really good about notifying me when they needed to extend the rental agreement. Just keep in mind that the rental agreement itself it with the renters, NOT ALE. ALE doesn't pay for any damage done to the property, the tenants do. In my case, they were not the kind of renters I would ever of rented to. But, I reasoned with myself that they were paying $500 more a month for rent Monthly rent was coming from ALE (not them) and they would be there a short period of time. It wasn't until move out that there were problems. They left a wet swimming suit on the kitchen floor undetected somehow for over a month....these were hard wood floors. Needless to say they were completely ruined. I could have gone after them, but I knew they would never be able to pay for it. The good news is that I documented and sent pictures and ALE let me keep the deposit without question. Just make sure you do a typical background check on the tenants and a credit check. Turn them down if they don't meet those requirements and like any other situation, trust your gut. Also,make sure you get a copy of their renter's insurance (ALE wont give it to you in the aftermath), and make sure they get all utilities into their name. I won't do this again, in the end it just wasn't worth it.
Rental Property Investor · NY · Member since 2015 · 49 posts · 20 votes
6y
Seems like everyone is pretty much happy with this company. I have multiple rentals currently sitting vacant and wondering if there are other companies out there like ALE that I can proactively reach out to them to see if they have tenants for me. Any suggestions?
Rental Property Investor · NY · Member since 2015 · 49 posts · 20 votes
5y
@Ian Curiel. Was wondering if there are other companies like ALE to do this for back then. At this point in time I got them all rented last year in a tough market so took questionable tenants at below market rents:(. Now I could get much higher rents, but instead have non-paying tenants that I can't get out.