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Updated over 3 years ago on . Most recent reply

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Renee Yarbrough
  • Investor
  • Chattanooga, TN
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Travel nurse looking to sub-let furnished apartment.

Renee Yarbrough
  • Investor
  • Chattanooga, TN
Posted

A travel nurse friend of mine wants to sub-let her furnished apartment in Birmingham to another travel nurse or business executive.

Question: how does she protect all parties: her landlord (who is in agreement with this idea), the renter, herself, and her property?

Are there template sub-let lease agreements designed for this scenario? Has anyone done a lease like this to know the pros and cons? I told her I'd ask the 'experts' in the BP community.

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Joe Splitrock
  • Rental Property Investor
  • Sioux Falls, SD
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Joe Splitrock
  • Rental Property Investor
  • Sioux Falls, SD
ModeratorReplied
Originally posted by @Renee Yarbrough:

A travel nurse friend of mine wants to sub-let her furnished apartment in Birmingham to another travel nurse or business executive.

Question: how does she protect all parties: her landlord (who is in agreement with this idea), the renter, herself, and her property?

Are there template sub-let lease agreements designed for this scenario? Has anyone done a lease like this to know the pros and cons? I told her I'd ask the 'experts' in the BP community.

 She will need written agreement from her landlord to sublease the property. She will write a short term sublease agreement with the traveler. She will want to have insurance to cover her property and liability if the tenant damages the property. She will also need to claim income on her taxes. 

One option to simplify things may be using AirBNB or VRBO to rent the property. In that situation the platform is collecting rent and the guest is generally covered by the terms in the platform. She can specify minimum stay as 30 days in the platform so she only attracts long term guests. These platforms do have some insurance included and handle disputes, so it may be more user friendly for her versus doing her own screening. 

  • Joe Splitrock
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