In Austin, Texas the recent South By Southwest event drew tens of thousands of people from all around the world. This summer, in London, hundreds of thousands of people will gather for the Olympic Games. The two events have something in common: People needing a place to sleep.
Every year events around the world draw more people to event centre than hotels can possibly manage. Locals often take advantage of the opportunity by short-term renting or leasing their homes and apartments to out-of-towners. In Austin, Texas there are several on-line outlets designed specifically for South By Southwest and connecting owners and renters. During 10-days each Spring the rack rates at area hotels in Austin increase significantly and the opportunity of renting a house or apartment often becomes a relatively low-cost alternative.
During the Olympic Games in London many locals will opt out of staying around for the festivities and offer their homes for rent. Sites such as www.rentatthegames.com are designed specifically for people searching for affordable living space during the Games. Londoners know a quick profit can be made during this once-in-a-lifetime event.
Subletting a home for a short period of time for events such as the Olympics or South by Southwest can be a lucrative venture for owners. There are many reputable companies that assist in renting properties and managing the transactions. For those owners that choose to handle their own transactions it is important to remember to treat a short-term letting as a long-term rent.
Ideally potential short-term renters should fill out a complete application, including references. Subsequently, the owner must complete a background check.
For some the obvious question is why? Most short-term renters have the fiscal wherewithal to handle a short-term rental as well as any deposit. And the assumption that one home owner will treat another home owner’s property with the same respect they do their own. Assumptions are a fool’s choice.
A tenant background check is a low-cost, simple transaction that provides the owner peace-of-mind and, in a sense, a bit of insurance that the renter will not abuse the arrangement. Tenant background checks generally consist of credit history, evictions, and national criminal check.
At TenantScreeningUSA.com home owners can get the information they need to make an informed rental decision, even if the rental is short-term or, maybe, because the rental is short-term. It would be simple to just let a renter move in for a week or 10-days, collect the fees, and return home at the end of the festivities, but consider the risk.
One of the growing trends in an increasingly transient population is renter fraud. They move in, destroy property, and move on. The potential cost of a fraudulent renter, even in the short-term is significant. Don’t be caught off-guard; conduct a tenant background check today.
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