Updated about 9 years ago on . Most recent reply
Home tenders for flips
I recently finished a rehab project and listed it on the MLS. About a week later I get a call from a company that places people in vacant homes until they sell. At first I dismissed it as more work and risk than it's worth. Then they called again and it got me to thinking of the possible benefits:
1. They bring in the furniture and essentially stage the property for you. This would cost me $1500 for basic staging for 3 months.
2. Potentially there's less of a chance that the property is vandalized.
3. The homeowner gets 10% of the rent.
Of course there are cons to everything and one of the big concerns is the tender doesn't maintain the home in model like condition or even worse they don't want to leave.
Has anyone used a home tender and what was your experience with it?