Hi everyone, can someone share some light in leasing out my single-family home to Insurance housing? Location is close to SU but having trouble finding good students as the renters at this time. And was thinking to diversify and put it for Insurance housing. Please advise
Property Manager · Los Angeles, CA · Member since 2022 · 590 posts · 463 votes
1y
Hi Radhika!
This is what you should do first, the low hanging fruit, to get your property exposure to insurance bookings.
Submit your property to relocation companies, like CRS, ALE Solutions, Alacrity. Insurance companies typically outsource to these companies to find the housing for their clients.
Listing on typical platforms (Airbnb, Furnished Finder). We often get insurance bookings we find us on Airbnb.
Networking, relationship building with relocation reps. Once you get to know these contacts, keep in touch with them so they know to come back to you when they have needs in your area.
Working with booking referral companies. These are relatively new businesses that focus on finding the housing needs and then connecting them to the home for some sort of fee. A few I like working with our Craftsman Housing, DOMA, Hestia.
Northeast Georgia · Member since 2023 · 140 posts · 170 votes
1y
Insurance relocations are a wonderful avatar to serve.
Unfortunately, unlike students, they don't follow a predictable cycle of when they will appear.
Definitely list on the sites @Allen Duan mentioned.
Be prepared to respond quickly and professionally with an attitude of serving both the relocation company and the displaced family. Speed wins, and professionalism secures relocation bookings.
As you build your network, look for people who have access to housing on a continual basis that need residents. With a single unit, you aren't likely to have a vacancy when they insurance relocation company needs it, but if you have the connection to an empty house, you still provide value. Value gets paid.